StoneCo (NASDAQ:STNE) Downgraded to “Hold” Rating by Wall Street Zen

StoneCo (NASDAQ:STNE) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Monday.

STNE has been the subject of several other research reports. The Goldman Sachs Group lifted their price target on StoneCo from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. lifted their price target on StoneCo from $15.50 to $18.50 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. UBS Group lifted their price target on StoneCo from $15.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of StoneCo in a research note on Saturday. Finally, Zacks Research raised StoneCo to a “strong-buy” rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, StoneCo has a consensus rating of “Moderate Buy” and an average target price of $17.44.

StoneCo Price Performance

StoneCo stock opened at $19.00 on Monday. StoneCo has a one year low of $7.72 and a one year high of $19.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.48 and a current ratio of 1.48. The business has a fifty day moving average of $17.58 and a two-hundred day moving average of $15.22. The company has a market cap of $5.43 billion, a P/E ratio of -27.14, a price-to-earnings-growth ratio of 0.37 and a beta of 1.99.

StoneCo (NASDAQ:STNE) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. The business had revenue of $643.82 million during the quarter, compared to the consensus estimate of $3.78 billion. StoneCo had a positive return on equity of 18.71% and a negative net margin of 8.37%. As a group, analysts predict that StoneCo will post 1.16 earnings per share for the current fiscal year.

Institutional Trading of StoneCo

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STNE. Richardson Financial Services Inc. purchased a new stake in StoneCo in the 2nd quarter valued at about $29,000. GAMMA Investing LLC grew its holdings in StoneCo by 1,486.3% in the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company’s stock valued at $30,000 after buying an additional 2,720 shares during the period. CWM LLC grew its holdings in StoneCo by 327.4% in the 1st quarter. CWM LLC now owns 3,154 shares of the company’s stock valued at $33,000 after buying an additional 2,416 shares during the period. Farther Finance Advisors LLC grew its holdings in StoneCo by 334.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock valued at $42,000 after buying an additional 2,000 shares during the period. Finally, USA Financial Formulas purchased a new stake in StoneCo in the 3rd quarter valued at about $55,000. 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.