StoneCo (NASDAQ:STNE) Price Target Cut to $10.00 by Analysts at Barclays

StoneCo (NASDAQ:STNE) had its price objective cut by Barclays from $12.00 to $10.00 in a research report released on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also commented on the company. JPMorgan Chase & Co. dropped their target price on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. Cantor Fitzgerald raised StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. Citigroup restated a “neutral” rating and set a $9.00 target price (down previously from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Finally, Susquehanna dropped their price target on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.50.

StoneCo Trading Up 0.3 %

NASDAQ STNE opened at $8.87 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. StoneCo has a 52 week low of $7.72 and a 52 week high of $19.46. The stock has a market capitalization of $2.74 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 0.34 and a beta of 2.23. The firm has a 50 day moving average of $8.77 and a two-hundred day moving average of $10.90.

Institutional Trading of StoneCo

A number of large investors have recently bought and sold shares of STNE. Thrivent Financial for Lutherans boosted its stake in shares of StoneCo by 9.8% during the third quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company’s stock worth $224,000 after buying an additional 1,773 shares during the period. The Manufacturers Life Insurance Company lifted its position in StoneCo by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 123,275 shares of the company’s stock worth $1,478,000 after acquiring an additional 1,848 shares during the period. Atria Investments Inc grew its stake in shares of StoneCo by 19.0% in the 3rd quarter. Atria Investments Inc now owns 20,258 shares of the company’s stock valued at $228,000 after purchasing an additional 3,241 shares during the last quarter. Koa Wealth Management LLC increased its holdings in shares of StoneCo by 2.1% in the third quarter. Koa Wealth Management LLC now owns 160,709 shares of the company’s stock valued at $1,810,000 after purchasing an additional 3,289 shares during the period. Finally, Covestor Ltd raised its stake in shares of StoneCo by 40.9% during the third quarter. Covestor Ltd now owns 13,350 shares of the company’s stock worth $150,000 after purchasing an additional 3,878 shares during the last quarter. 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.