StoneCo (NASDAQ:STNE) Stock Price Down 4.4% – Time to Sell?

StoneCo Ltd. (NASDAQ:STNE) was down 4.4% on Tuesday . The stock traded as low as $10.79 and last traded at $10.84. Approximately 1,716,985 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 5,073,218 shares. The stock had previously closed at $11.34.

Analyst Ratings Changes

A number of analysts recently commented on STNE shares. Barclays lowered their target price on shares of StoneCo from $14.00 to $13.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 15th. Morgan Stanley reissued an “underweight” rating and issued a $7.00 price target (down from $16.50) on shares of StoneCo in a report on Thursday, September 5th. Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, UBS Group increased their target price on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, StoneCo currently has an average rating of “Moderate Buy” and a consensus price target of $17.70.

StoneCo Trading Down 1.4 %

The company has a market capitalization of $3.51 billion, a PE ratio of 9.36, a PEG ratio of 0.40 and a beta of 2.29. The company has a fifty day simple moving average of $11.52 and a 200-day simple moving average of $12.97. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.41.

StoneCo (NASDAQ:STNE) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.04). StoneCo had a return on equity of 13.21% and a net margin of 15.27%. The firm had revenue of $615.13 million for the quarter, compared to analyst estimates of $590.74 million. Analysts predict that StoneCo Ltd. will post 1.21 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Central Bank & Trust Co. acquired a new position in StoneCo during the second quarter worth $40,000. Lazard Asset Management LLC purchased a new stake in StoneCo during the 1st quarter valued at approximately $41,000. Y.D. More Investments Ltd lifted its holdings in shares of StoneCo by 90.2% during the second quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock worth $58,000 after purchasing an additional 2,275 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of StoneCo during the third quarter worth about $125,000. Finally, Point72 Hong Kong Ltd acquired a new position in StoneCo during the 2nd quarter worth approximately $135,000. 73.19% of the stock is currently 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.