StoneCo (NASDAQ:STNE) Price Target Cut to $22.00

StoneCo (NASDAQ:STNE) had its price objective decreased by Susquehanna from $23.00 to $22.00 in a research note published on Friday morning, Benzinga reports. Susquehanna currently has a positive rating on the stock.

STNE has been the subject of a number of other research reports. The Goldman Sachs Group raised shares of StoneCo from a neutral rating to a buy rating and boosted their target price for the stock from $12.00 to $21.00 in a research note on Monday, January 22nd. Citigroup raised their target price on shares of StoneCo from $19.00 to $20.00 and gave the stock a buy rating in a research note on Wednesday, March 20th. Barclays boosted their price target on shares of StoneCo from $14.00 to $17.00 and gave the company an equal weight rating in a research report on Tuesday, January 16th. Finally, UBS Group cut shares of StoneCo from a buy rating to a neutral rating and raised their price objective for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of $19.00.

StoneCo Stock Performance

NASDAQ STNE opened at $15.27 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. StoneCo has a twelve month low of $9.34 and a twelve month high of $19.46. The stock has a 50-day moving average of $16.60 and a 200 day moving average of $15.44. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 0.56 and a beta of 2.35.

StoneCo (NASDAQ:STNE) last released its quarterly earnings results on Monday, March 18th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $655.87 million for the quarter, compared to analysts’ expectations of $468.47 million. StoneCo had a net margin of 13.35% and a return on equity of 11.23%. Sell-side analysts anticipate that StoneCo will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Nucleo Capital LTDA. lifted its holdings in shares of StoneCo by 10.0% in the 3rd quarter. Nucleo Capital LTDA. now owns 6,138,276 shares of the company’s stock worth $65,495,000 after acquiring an additional 557,186 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in StoneCo by 28.3% in the 3rd quarter. Teacher Retirement System of Texas now owns 3,930,893 shares of the company’s stock valued at $41,943,000 after purchasing an additional 866,803 shares during the last quarter. Norges Bank purchased a new stake in StoneCo in the fourth quarter valued at approximately $58,777,000. Robeco Institutional Asset Management B.V. lifted its stake in StoneCo by 72.6% during the third quarter. Robeco Institutional Asset Management B.V. now owns 2,969,463 shares of the company’s stock worth $31,684,000 after purchasing an additional 1,249,463 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of StoneCo by 4.8% during the fourth quarter. Federated Hermes Inc. now owns 2,766,712 shares of the company’s stock worth $49,884,000 after buying an additional 125,668 shares during the period. Hedge funds and other institutional investors own 73.19% of the company’s stock.

About StoneCo

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.