StoneCo (NASDAQ:STNE) Price Target Cut to $15.00 by Analysts at The Goldman Sachs Group

StoneCo (NASDAQ:STNE) had its price target trimmed by The Goldman Sachs Group from $21.00 to $15.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a buy rating on the stock.

STNE has been the subject of several other research reports. Evercore ISI decreased their target price on StoneCo from $25.00 to $23.00 and set an outperform rating for the company in a research report on Tuesday, June 25th. Barclays decreased their price target on StoneCo from $17.00 to $16.00 and set an equal weight rating for the company in a report on Monday, May 20th. Citigroup lifted their price objective on shares of StoneCo from $19.00 to $20.00 and gave the company a buy rating in a research note on Wednesday, March 20th. JPMorgan Chase & Co. upgraded shares of StoneCo from a neutral rating to an overweight rating and set a $20.00 target price for the company in a research note on Thursday, June 6th. Finally, Susquehanna lowered their price target on shares of StoneCo from $23.00 to $22.00 and set a positive rating for the company in a report on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $19.56.

StoneCo Trading Down 0.7 %

Shares of STNE stock opened at $11.99 on Wednesday. StoneCo has a fifty-two week low of $9.34 and a fifty-two week high of $19.46. The firm’s 50 day moving average price is $14.23 and its two-hundred day moving average price is $16.08. The stock has a market cap of $3.77 billion, a price-to-earnings ratio of 10.80, a price-to-earnings-growth ratio of 0.32 and a beta of 2.36. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.25.

StoneCo (NASDAQ:STNE) last posted its earnings results on Monday, May 13th. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. The business had revenue of $623.12 million for the quarter, compared to analyst estimates of $633.35 million. On average, analysts anticipate that StoneCo will post 1.43 EPS for the current year.

Institutional Trading of StoneCo

Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG increased its stake in StoneCo by 14.5% during the fourth quarter. UBS Group AG now owns 2,001,221 shares of the company’s stock valued at $36,082,000 after purchasing an additional 253,276 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of StoneCo during the 4th quarter valued at about $2,008,000. Norges Bank acquired a new stake in StoneCo during the fourth quarter worth about $58,777,000. Qube Research & Technologies Ltd lifted its holdings in StoneCo by 103.8% in the third quarter. Qube Research & Technologies Ltd now owns 1,234,520 shares of the company’s stock worth $13,172,000 after acquiring an additional 628,698 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in StoneCo by 2.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,147,544 shares of the company’s stock valued at $12,244,000 after acquiring an additional 24,598 shares during the period. 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.