StoneCo (NASDAQ:STNE) Cut to Hold at Wall Street Zen

Wall Street Zen downgraded shares of StoneCo (NASDAQ:STNE) from a buy rating to a hold rating in a research report report published on Saturday morning.

A number of other analysts also recently weighed in on STNE. JPMorgan Chase & Co. raised their price target on shares of StoneCo from $15.50 to $18.50 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Zacks Research upgraded shares of StoneCo to a “strong-buy” rating in a research note on Tuesday, August 12th. Bank of America boosted their target price on shares of StoneCo from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. UBS Group upped their target price on shares of StoneCo from $15.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of StoneCo in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.56.

StoneCo Trading Down 1.2%

NASDAQ:STNE opened at $17.03 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.48 and a current ratio of 1.48. StoneCo has a one year low of $7.72 and a one year high of $19.95. The business’s 50-day simple moving average is $16.92 and its 200 day simple moving average is $14.75. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of -24.33, a price-to-earnings-growth ratio of 0.35 and a beta of 1.99.

StoneCo (NASDAQ:STNE) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.03. StoneCo had a positive return on equity of 18.71% and a negative net margin of 8.37%.The firm had revenue of $643.82 million during the quarter, compared to analyst estimates of $3.78 billion. As a group, sell-side analysts predict that StoneCo will post 1.16 earnings per share for the current fiscal year.

Hedge Funds Weigh In On StoneCo

Large investors have recently bought and sold shares of the business. Richardson Financial Services Inc. acquired a new position in StoneCo in the second quarter valued at approximately $29,000. Farther Finance Advisors LLC raised its position in shares of StoneCo by 334.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock worth $42,000 after purchasing an additional 2,000 shares during the period. USA Financial Formulas acquired a new position in StoneCo during the 3rd quarter valued at approximately $55,000. GAMMA Investing LLC grew its stake in StoneCo by 1,486.3% during the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company’s stock worth $30,000 after buying an additional 2,720 shares during the last quarter. Finally, CWM LLC grew its stake in StoneCo by 327.4% during the 1st quarter. CWM LLC now owns 3,154 shares of the company’s stock worth $33,000 after buying an additional 2,416 shares during the last quarter. 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.