StoneCo (NASDAQ:STNE) Price Target Lowered to $10.00 at Barclays

StoneCo (NASDAQ:STNE) had its price objective cut by analysts at Barclays from $12.00 to $10.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price target suggests a potential upside of 13.12% from the company’s previous close.

Other equities analysts have also issued reports about the company. Citigroup reiterated a “neutral” rating and issued a $9.00 target price (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. JPMorgan Chase & Co. dropped their price objective on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating for the company in a research note on Monday, December 16th. Susquehanna decreased their target price on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a research report on Wednesday, November 13th. Finally, Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.50.

StoneCo Stock Down 0.8 %

STNE stock opened at $8.84 on Wednesday. StoneCo has a one year low of $7.72 and a one year high of $19.46. The stock has a market capitalization of $2.73 billion, a P/E ratio of 6.91, a PEG ratio of 0.34 and a beta of 2.23. The company has a 50 day moving average price of $8.77 and a two-hundred day moving average price of $10.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Newbridge Financial Services Group Inc. raised its stake in shares of StoneCo by 166.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock valued at $51,000 after acquiring an additional 4,000 shares during the period. KBC Group NV acquired a new stake in StoneCo in the 4th quarter valued at $73,000. Tempus Wealth Planning LLC acquired a new stake in StoneCo in the 4th quarter valued at $124,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in StoneCo in the third quarter valued at about $125,000. Finally, Covestor Ltd lifted its stake in shares of StoneCo by 40.9% during the third quarter. Covestor Ltd now owns 13,350 shares of the company’s stock worth $150,000 after purchasing an additional 3,878 shares in the last quarter. 73.19% of the stock is owned by institutional investors and hedge funds.

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.