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

StoneCo (NASDAQ:STNE) had its price objective lowered by The Goldman Sachs Group from $21.00 to $15.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently commented on the stock. Citigroup upped their price target on shares of StoneCo from $19.00 to $20.00 and gave the company a buy rating in a research report on Wednesday, March 20th. Susquehanna dropped their price objective on shares of StoneCo from $23.00 to $22.00 and set a positive rating on the stock in a research note on Friday, April 19th. JPMorgan Chase & Co. upgraded shares of StoneCo from a neutral rating to an overweight rating and set a $20.00 price objective on the stock in a research note on Thursday, June 6th. Barclays dropped their price objective on shares of StoneCo from $17.00 to $16.00 and set an equal weight rating on the stock in a research note on Monday, May 20th. Finally, Evercore ISI dropped their price objective on shares of StoneCo from $25.00 to $23.00 and set an outperform rating on the stock in a research note on Tuesday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $19.56.

StoneCo Stock Down 1.2 %

STNE stock opened at $11.80 on Wednesday. StoneCo has a 12 month low of $9.34 and a 12 month high of $19.46. The firm has a market cap of $3.71 billion, a PE ratio of 10.63, a P/E/G ratio of 0.31 and a beta of 2.36. The firm has a 50 day simple moving average of $14.36 and a 200 day simple moving average of $16.13. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.36 and a quick ratio of 1.36.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Polunin Capital Partners Ltd grew its stake in StoneCo by 10.5% in the 1st quarter. Polunin Capital Partners Ltd now owns 3,681,947 shares of the company’s stock valued at $61,157,000 after buying an additional 350,656 shares during the last quarter. Norges Bank acquired a new position in StoneCo in the 4th quarter valued at $58,777,000. Federated Hermes Inc. grew its stake in StoneCo by 4.8% in the 4th quarter. Federated Hermes Inc. now owns 2,766,712 shares of the company’s stock valued at $49,884,000 after buying an additional 125,668 shares during the last quarter. Vanguard Group Inc. grew its stake in StoneCo by 17.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,672,681 shares of the company’s stock valued at $28,518,000 after buying an additional 397,101 shares during the last quarter. Finally, UBS Group AG grew its stake in StoneCo by 14.5% in the 4th quarter. UBS Group AG now owns 2,001,221 shares of the company’s stock valued at $36,082,000 after buying an additional 253,276 shares during the last quarter. 73.19% of the stock is currently owned by institutional investors and hedge funds.

StoneCo Company Profile

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.