StoneCo (NASDAQ:STNE) Stock Rating Lowered by Wall Street Zen

StoneCo (NASDAQ:STNE) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

STNE has been the subject of several other research reports. UBS Group upped their price target on shares of StoneCo from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Zacks Research upgraded shares of StoneCo to a “strong-buy” rating in a research report on Tuesday, August 12th. Weiss Ratings restated a “sell (d+)” rating on shares of StoneCo in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of StoneCo from $15.50 to $18.50 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Finally, Bank of America upped their price target on shares of StoneCo from $15.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.56.

StoneCo Trading Down 3.7%

STNE stock opened at $17.24 on Friday. The company’s 50-day simple moving average is $16.83 and its 200-day simple moving average is $14.71. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 0.76. StoneCo has a 52-week low of $7.72 and a 52-week high of $19.95. The firm has a market cap of $4.93 billion, a P/E ratio of -24.63, a PEG ratio of 0.35 and a beta of 1.99.

StoneCo (NASDAQ:STNE) last posted its earnings results on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.03. StoneCo had a negative net margin of 8.37% and a positive return on equity of 18.71%. The business had revenue of $643.82 million for the quarter, compared to analyst estimates of $3.78 billion. As a group, equities analysts forecast that StoneCo will post 1.16 EPS for the current fiscal year.

Institutional Trading of StoneCo

A number of hedge funds have recently bought and sold shares of STNE. Richardson Financial Services Inc. acquired a new stake in StoneCo in the 2nd quarter valued at about $29,000. GAMMA Investing LLC increased its holdings in shares of StoneCo by 1,486.3% during the 1st quarter. GAMMA Investing LLC now owns 2,903 shares of the company’s stock worth $30,000 after buying an additional 2,720 shares during the last quarter. CWM LLC increased its holdings in shares of StoneCo by 327.4% during the 1st quarter. CWM LLC now owns 3,154 shares of the company’s stock worth $33,000 after buying an additional 2,416 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of StoneCo by 334.4% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,598 shares of the company’s stock worth $42,000 after buying an additional 2,000 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of StoneCo by 143.0% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,614 shares of the company’s stock worth $48,000 after buying an additional 2,715 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

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.