StoneCo (NASDAQ:STNE) Price Target Cut to $22.00 by Analysts at Susquehanna

StoneCo (NASDAQ:STNE) had its price objective reduced by Susquehanna from $23.00 to $22.00 in a report released on Friday morning, Benzinga reports. They currently have a positive rating on the stock.

Several other equities analysts have also recently issued reports on STNE. The Goldman Sachs Group upgraded shares of StoneCo from a neutral rating to a buy rating and boosted their target price for the company from $12.00 to $21.00 in a research note on Monday, January 22nd. Citigroup boosted their target price on shares of StoneCo from $19.00 to $20.00 and gave the company a buy rating in a research note on Wednesday, March 20th. UBS Group lowered shares of StoneCo from a buy rating to a neutral rating and boosted their price target for the stock from $18.00 to $21.00 in a report on Thursday, February 1st. Finally, Barclays boosted their price target on shares of StoneCo from $14.00 to $17.00 and gave the stock an equal weight rating in a report on Tuesday, January 16th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, StoneCo presently has an average rating of Moderate Buy and an average target price of $19.00.

StoneCo Stock Performance

Shares of NASDAQ STNE opened at $15.30 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.25. StoneCo has a 12 month low of $9.34 and a 12 month high of $19.46. The company has a 50 day simple moving average of $16.64 and a two-hundred day simple moving average of $15.33. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 15.15, a PEG ratio of 0.56 and a beta of 2.34.

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

Institutional Investors Weigh In On StoneCo

A number of large investors have recently modified their holdings of STNE. 1832 Asset Management L.P. purchased a new stake in shares of StoneCo during the fourth quarter worth $25,000. McGlone Suttner Wealth Management Inc. acquired a new position in shares of StoneCo during the 4th quarter valued at about $26,000. USA Financial Formulas acquired a new position in shares of StoneCo during the 4th quarter valued at about $26,000. Quarry LP acquired a new position in shares of StoneCo during the 2nd quarter valued at about $38,000. Finally, Headlands Technologies LLC acquired a new position in shares of StoneCo during the 4th quarter valued at about $56,000. 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.