StoneCo (NASDAQ:STNE) Given New $9.50 Price Target at The Goldman Sachs Group

StoneCo (NASDAQ:STNE) had its target price lowered by The Goldman Sachs Group from $11.00 to $9.50 in a report issued on Friday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

Several other analysts also recently weighed in on STNE. Bank of America downgraded StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 target price for the company. in a research report on Wednesday, July 15th. Jefferies Financial Group initiated coverage on shares of StoneCo in a report on Thursday, July 23rd. They issued a “hold” rating and a $12.60 price target on the stock. UBS Group reaffirmed a “buy” rating on shares of StoneCo in a research note on Thursday, October 15th. Finally, Weiss Ratings raised shares of StoneCo from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, October 20th. Three analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $12.94.

StoneCo Price Performance

Shares of STNE stock opened at $7.75 on Friday. StoneCo has a 52-week low of $7.06 and a 52-week high of $19.45. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $1.93 billion, a P/E ratio of 3.13, a P/E/G ratio of 0.22 and a beta of 1.68. The stock has a 50 day moving average price of $10.12 and a 200 day moving average price of $12.20.

StoneCo (NASDAQ:STNE) last posted its quarterly earnings data on Thursday, August 13th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.01. The company had revenue of $129.73 million during the quarter, compared to analysts’ expectations of $708.24 million. StoneCo had a return on equity of 22.19% and a net margin of 22.92%. As a group, sell-side analysts predict that StoneCo will post 2.21 earnings per share for the current year.

Insider Buying and Selling

In other StoneCo news, Director Silvio Morais sold 21,000 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $9.91, for a total transaction of $208,110.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.25% of the stock is owned by insiders.

Hedge Funds Weigh In On StoneCo

A number of hedge funds and other institutional investors have recently made changes to their positions in STNE. Rockefeller Capital Management L.P. raised its holdings in shares of StoneCo by 74.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,199 shares of the company’s stock valued at $33,000 after acquiring an additional 936 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in StoneCo by 77.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,705 shares of the company’s stock worth $38,000 after acquiring an additional 1,180 shares in the last quarter. Versant Capital Management Inc grew its holdings in StoneCo by 54.4% during the 2nd quarter. Versant Capital Management Inc now owns 3,032 shares of the company’s stock worth $33,000 after acquiring an additional 1,068 shares in the last quarter. Summit Securities Group LLC bought a new position in StoneCo during the 1st quarter worth about $61,000. Finally, SBI Securities Co. Ltd. increased its position in StoneCo by 19.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 6,109 shares of the company’s stock valued at $57,000 after purchasing an additional 995 shares during the period. Institutional investors own 73.19% of the company’s stock.

StoneCo Company Profile

StoneCo Ltd. is a financial technology company that provides payment processing and business-management solutions primarily to small and medium-sized businesses in Brazil. Through its Stone brand, the company enables merchants to accept payments in physical stores and online, including card, digital-wallet and other electronic transactions.

Its products and services include point-of-sale terminals, payment gateways, transaction processing, digital banking and financial-account services, as well as working-capital and other credit solutions for eligible merchants.