StoneCo (NASDAQ:STNE) Reaches New 52-Week Low – Here’s Why

StoneCo Ltd. (NASDAQ:STNE) shares reached a new 52-week low on Thursday. The company traded as low as $8.98 and last traded at $9.0350, with a volume of 1106686 shares changing hands. The stock had previously closed at $9.34.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of StoneCo in a research note on Thursday, July 23rd. They issued a “hold” rating and a $12.60 price objective for the company. Bank of America downgraded StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research note on Wednesday, July 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of StoneCo in a report on Monday, September 14th. Finally, UBS Group decreased their price target on StoneCo from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, August 28th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $14.30.

StoneCo Trading Down 1.0%

The company has a market cap of $2.30 billion, a PE ratio of 3.73, a price-to-earnings-growth ratio of 0.26 and a beta of 1.75. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.84. The firm has a fifty day moving average of $10.05 and a two-hundred day moving average of $11.33.

StoneCo (NASDAQ:STNE) last posted its earnings results on Thursday, August 13th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.01. The firm had revenue of $129.73 million for the quarter, compared to the consensus estimate of $708.24 million. StoneCo had a return on equity of 22.19% and a net margin of 22.92%. As a group, sell-side analysts predict that StoneCo Ltd. will post 2.22 EPS for the current year.

Insider Activity at StoneCo

In related news, Director Silvio Morais sold 21,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $9.91, for a total transaction of $208,110.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.25% of the company’s stock.

Institutional Trading of StoneCo

Several institutional investors and hedge funds have recently bought and sold shares of STNE. Rockefeller Capital Management L.P. boosted its holdings in StoneCo by 74.1% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,199 shares of the company’s stock valued at $33,000 after purchasing an additional 936 shares during the period. Versant Capital Management Inc grew its position in shares of StoneCo by 54.4% during the 2nd quarter. Versant Capital Management Inc now owns 3,032 shares of the company’s stock valued at $33,000 after purchasing an additional 1,068 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of StoneCo by 77.4% in the first quarter. EverSource Wealth Advisors LLC now owns 2,705 shares of the company’s stock worth $38,000 after purchasing an additional 1,180 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of StoneCo by 274.1% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 3,184 shares of the company’s stock worth $47,000 after purchasing an additional 2,333 shares during the period. Finally, Summit Securities Group LLC purchased a new stake in shares of StoneCo in the first quarter worth $61,000. 73.19% of the stock is currently owned by hedge funds and other institutional investors.

About StoneCo

StoneCo Ltd. is a Brazilian financial technology company that provides payment processing, banking and business-management solutions to entrepreneurs and small and medium-sized businesses. Its services are designed to help merchants accept electronic payments, manage cash flow and operate their businesses through integrated digital tools.

The company’s offerings include point-of-sale and mobile payment solutions, online payment processing, digital banking services, working-capital and credit products, and software for retail and other business operations.