Susquehanna Issues Pessimistic Forecast for StoneCo (NASDAQ:STNE) Stock Price

StoneCo (NASDAQ:STNE) had its price target cut by analysts at Susquehanna from $22.00 to $19.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “positive” rating on the stock. Susquehanna’s price objective suggests a potential upside of 92.50% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Cantor Fitzgerald upgraded StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. UBS Group lifted their target price on StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Morgan Stanley reiterated an “underweight” rating and issued a $7.00 target price (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th. Finally, Barclays lowered their target price on StoneCo from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, StoneCo currently has an average rating of “Moderate Buy” and a consensus price target of $17.40.

StoneCo Price Performance

Shares of STNE opened at $9.87 on Wednesday. StoneCo has a 1 year low of $9.83 and a 1 year high of $19.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 7.71, a price-to-earnings-growth ratio of 0.41 and a beta of 2.29. The business has a 50-day moving average of $11.30 and a 200-day moving average of $12.79.

StoneCo (NASDAQ:STNE) last issued its earnings results on Wednesday, August 14th. The company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.04). The business had revenue of $615.13 million during the quarter, compared to the consensus estimate of $590.74 million. StoneCo had a return on equity of 13.69% and a net margin of 16.02%. As a group, equities research analysts anticipate that StoneCo will post 1.21 earnings per share for the current year.

Institutional Investors Weigh In On StoneCo

Hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC purchased a new position in shares of StoneCo during the first quarter valued at approximately $41,000. Central Bank & Trust Co. purchased a new position in shares of StoneCo during the second quarter valued at approximately $40,000. Y.D. More Investments Ltd boosted its position in shares of StoneCo by 90.2% during the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock valued at $58,000 after buying an additional 2,275 shares during the last quarter. Invst LLC purchased a new position in shares of StoneCo during the first quarter valued at approximately $172,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of StoneCo during the third quarter valued at approximately $125,000. Institutional investors and hedge funds own 73.19% of the company’s stock.

StoneCo Company Profile

StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team.