StoneCo (NASDAQ:STNE) had its price target reduced by research analysts at Evercore ISI from $58.00 to $30.00 in a research note issued on Tuesday, The Fly reports. Evercore ISI’s price objective indicates a potential upside of 104.36% from the stock’s previous close.
Other equities research analysts have also issued research reports about the stock. Susquehanna reduced their price objective on shares of StoneCo from $90.00 to $65.00 and set a “positive” rating for the company in a research note on Monday, October 18th. Grupo Santander lowered shares of StoneCo from a “hold” rating to an “underweight” rating and reduced their price objective for the company from $45.00 to $17.00 in a research note on Tuesday, November 30th. Itau BBA Securities lowered shares of StoneCo from an “outperform” rating to a “market perform” rating in a research note on Thursday, December 16th. UBS Group lowered shares of StoneCo from a “buy” rating to a “neutral” rating and cut their target price for the stock from $47.00 to $21.00 in a research report on Tuesday, January 4th. Finally, Bradesco Corretora cut their target price on shares of StoneCo from $49.00 to $17.00 and set an “underperform” rating for the company in a research report on Monday, November 22nd. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.83.
StoneCo stock opened at $14.68 on Tuesday. The company’s fifty day simple moving average is $16.90 and its 200-day simple moving average is $34.83. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.21. StoneCo has a 12 month low of $13.14 and a 12 month high of $95.12. The stock has a market cap of $4.53 billion, a P/E ratio of -81.56 and a beta of 2.37.
StoneCo (NASDAQ:STNE) last posted its quarterly earnings results on Tuesday, November 16th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.12 by $0.34. StoneCo had a negative net margin of 7.57% and a negative return on equity of 1.98%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the company posted $0.16 EPS. StoneCo’s revenue was up 57.3% on a year-over-year basis. On average, equities research analysts expect that StoneCo will post 0.14 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Truist Financial Corp raised its position in shares of StoneCo by 4.9% during the third quarter. Truist Financial Corp now owns 8,253 shares of the company’s stock valued at $287,000 after buying an additional 384 shares during the last quarter. Prospera Financial Services Inc increased its stake in StoneCo by 3.7% in the second quarter. Prospera Financial Services Inc now owns 16,485 shares of the company’s stock valued at $1,105,000 after acquiring an additional 581 shares during the period. Prudential Financial Inc. increased its stake in StoneCo by 10.3% in the second quarter. Prudential Financial Inc. now owns 6,419 shares of the company’s stock valued at $431,000 after acquiring an additional 600 shares during the period. Stifel Financial Corp increased its stake in StoneCo by 7.6% in the second quarter. Stifel Financial Corp now owns 9,645 shares of the company’s stock valued at $647,000 after acquiring an additional 678 shares during the period. Finally, Asset Management One Co. Ltd. increased its stake in StoneCo by 46.5% in the third quarter. Asset Management One Co. Ltd. now owns 2,166 shares of the company’s stock valued at $75,000 after acquiring an additional 688 shares during the period. 63.22% of the stock is owned by institutional investors and hedge funds.
StoneCo Company Profile
StoneCo Ltd. engages in the provision of financial technology solutions. It caters to merchants and partners that conduct electronic commerce across in-store, online, and mobile channels. The firm offers cloud-based technology platform, electronic payments, and automation of business processes at the point-of-sale.