StoneCo (NASDAQ:STNE) Shares Down 3.9%

StoneCo Ltd. (NASDAQ:STNE) shares traded down 3.9% during trading on Wednesday . The stock traded as low as $14.17 and last traded at $14.24. 514,903 shares traded hands during mid-day trading, a decline of 90% from the average session volume of 5,253,280 shares. The stock had previously closed at $14.82.

Wall Street Analyst Weigh In

STNE has been the subject of a number of research reports. Barclays lowered their target price on StoneCo from $16.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, August 1st. Evercore ISI dropped their target price on StoneCo from $25.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 25th. The Goldman Sachs Group cut their target price on StoneCo from $21.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, June 26th. UBS Group raised shares of StoneCo from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $21.00 to $17.00 in a research note on Monday, July 8th. Finally, JPMorgan Chase & Co. raised shares of StoneCo from a “neutral” rating to an “overweight” rating and set a $20.00 price objective on the stock in a research report on Thursday, June 6th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, StoneCo presently has an average rating of “Moderate Buy” and an average price target of $18.89.

StoneCo Stock Performance

The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.41. The stock’s fifty day moving average is $12.81 and its two-hundred day moving average is $14.92. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 13.35, a P/E/G ratio of 0.37 and a beta of 2.32.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. USA Financial Formulas bought a new position in StoneCo during the fourth quarter worth about $26,000. Central Bank & Trust Co. bought a new position in shares of StoneCo during the 2nd quarter worth approximately $40,000. Lazard Asset Management LLC acquired a new position in shares of StoneCo during the 1st quarter worth approximately $41,000. Headlands Technologies LLC bought a new stake in StoneCo in the 4th quarter valued at $56,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in StoneCo by 152.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,497 shares of the company’s stock valued at $58,000 after purchasing an additional 2,110 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

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.