StoneCo (NASDAQ:STNE) Given New $17.00 Price Target at Barclays

StoneCo (NASDAQ:STNE) had its price objective trimmed by Barclays from $18.00 to $17.00 in a report published on Monday, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research analysts have also recently commented on the company. The Goldman Sachs Group upgraded StoneCo from a neutral rating to a buy rating and raised their price target for the stock from $12.00 to $21.00 in a research report 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 report on Wednesday, March 20th. Susquehanna reduced their price target on shares of StoneCo from $23.00 to $22.00 and set a positive rating on the stock in a research report on Friday, April 19th. Finally, UBS Group downgraded shares of StoneCo from a buy rating to a neutral rating and boosted their price objective for the company from $18.00 to $21.00 in a research report on Thursday, February 1st. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, StoneCo currently has an average rating of Moderate Buy and an average target price of $19.00.

StoneCo Stock Performance

NASDAQ STNE opened at $16.19 on Monday. StoneCo has a 12-month low of $9.34 and a 12-month high of $19.46. The firm has a 50-day moving average price of $16.50 and a two-hundred day moving average price of $15.65. The company has a market capitalization of $5.09 billion, a P/E ratio of 16.03, a P/E/G ratio of 0.60 and a beta of 2.35. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.25.

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

Institutional Investors Weigh In On StoneCo

A number of hedge funds and other institutional investors have recently bought and sold shares of STNE. Pearl River Capital LLC increased its position in StoneCo by 149.6% in the 3rd quarter. Pearl River Capital LLC now owns 145,045 shares of the company’s stock valued at $1,548,000 after acquiring an additional 86,924 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of StoneCo by 72.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,969,463 shares of the company’s stock valued at $31,684,000 after purchasing an additional 1,249,463 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of StoneCo by 103.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,234,520 shares of the company’s stock valued at $13,172,000 after purchasing an additional 628,698 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of StoneCo by 2.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,147,544 shares of the company’s stock worth $12,244,000 after buying an additional 24,598 shares during the period. Finally, JGP Global Gestao de Recursos Ltda. bought a new position in StoneCo during the third quarter worth $16,603,000. 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.