StoneCo (NASDAQ:STNE) PT Lowered to $17.00 at Barclays

StoneCo (NASDAQ:STNE) had its price target trimmed by Barclays from $18.00 to $17.00 in a research note published on Monday, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other analysts have also recently commented on the company. Susquehanna reduced their price target on StoneCo from $23.00 to $22.00 and set a positive rating for the company in a research report on Friday, April 19th. The Goldman Sachs Group upgraded StoneCo from a neutral rating to a buy rating and upped their price target for the stock from $12.00 to $21.00 in a research report on Monday, January 22nd. UBS Group cut StoneCo from a buy rating to a neutral rating and upped their price target for the stock from $18.00 to $21.00 in a research report on Thursday, February 1st. Finally, Citigroup upped their price target on StoneCo from $19.00 to $20.00 and gave the stock a buy rating in a research report on Wednesday, March 20th. Three equities research 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, StoneCo presently has a consensus rating of Moderate Buy and an average price target of $19.00.

StoneCo Stock Up 0.9 %

StoneCo stock opened at $15.74 on Monday. The stock has a market cap of $4.95 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 0.60 and a beta of 2.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27. StoneCo has a one year low of $9.34 and a one year high of $19.46. The stock has a fifty day moving average of $16.48 and a 200 day moving average of $15.69.

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

Institutional Trading of StoneCo

Several institutional investors have recently made changes to their positions in STNE. Corient Private Wealth LLC boosted its stake in StoneCo by 2.1% during the fourth quarter. Corient Private Wealth LLC now owns 33,227 shares of the company’s stock valued at $599,000 after buying an additional 692 shares during the last quarter. Diversified Trust Co boosted its stake in StoneCo by 3.3% during the fourth quarter. Diversified Trust Co now owns 35,547 shares of the company’s stock valued at $641,000 after buying an additional 1,151 shares during the last quarter. TrinityPoint Wealth LLC boosted its stake in StoneCo by 11.1% during the fourth quarter. TrinityPoint Wealth LLC now owns 11,696 shares of the company’s stock valued at $211,000 after buying an additional 1,167 shares during the last quarter. Private Advisor Group LLC boosted its stake in StoneCo by 4.2% during the fourth quarter. Private Advisor Group LLC now owns 32,874 shares of the company’s stock valued at $593,000 after buying an additional 1,329 shares during the last quarter. Finally, McGlone Suttner Wealth Management Inc. bought a new position in StoneCo during the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors 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.