StoneCo (NASDAQ:STNE) Downgraded by Zacks Research to Hold

Zacks Research downgraded shares of StoneCo (NASDAQ:STNE) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

STNE has been the topic of several other reports. Wall Street Zen downgraded shares of StoneCo from a “buy” rating to a “hold” rating in a report on Monday, October 27th. The Goldman Sachs Group increased their price objective on shares of StoneCo from $19.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, October 14th. Bank of America raised their price objective on shares of StoneCo from $15.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, September 9th. UBS Group boosted their price objective on shares of StoneCo from $15.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, August 29th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StoneCo in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, StoneCo presently has an average rating of “Hold” and a consensus target price of $17.21.

StoneCo Stock Performance

Shares of StoneCo stock opened at $14.40 on Tuesday. The stock’s fifty day simple moving average is $16.93 and its 200 day simple moving average is $16.15. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $4.12 billion, a PE ratio of -26.67, a PEG ratio of 0.30 and a beta of 1.85. StoneCo has a 12 month low of $7.72 and a 12 month high of $19.95.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The company had revenue of $669.49 million during the quarter, compared to the consensus estimate of $669.81 million. StoneCo had a positive return on equity of 20.18% and a negative net margin of 7.28%. On average, research analysts predict that StoneCo will post 1.16 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in STNE. Atmos Capital Gestao DE Recursos LTDA. increased its stake in StoneCo by 3.1% in the 1st quarter. Atmos Capital Gestao DE Recursos LTDA. now owns 11,982,873 shares of the company’s stock valued at $125,581,000 after buying an additional 359,037 shares during the last quarter. Azora Capital LP increased its position in shares of StoneCo by 88.2% in the second quarter. Azora Capital LP now owns 4,863,331 shares of the company’s stock valued at $78,008,000 after acquiring an additional 2,279,821 shares during the last quarter. Ninety One UK Ltd increased its position in shares of StoneCo by 218.4% in the third quarter. Ninety One UK Ltd now owns 4,234,251 shares of the company’s stock valued at $80,070,000 after acquiring an additional 2,904,432 shares during the last quarter. Clark Capital Management Group Inc. raised its holdings in StoneCo by 1.7% during the third quarter. Clark Capital Management Group Inc. now owns 3,387,830 shares of the company’s stock worth $64,064,000 after acquiring an additional 56,837 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in StoneCo by 23.6% during the third quarter. Vanguard Group Inc. now owns 3,330,177 shares of the company’s stock valued at $62,974,000 after purchasing an additional 635,677 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.