Barclays Trims StoneCo (NASDAQ:STNE) Target Price to $16.00

StoneCo (NASDAQ:STNE) had its price objective decreased by Barclays from $17.00 to $16.00 in a research report sent to investors on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other brokerages also recently weighed in on STNE. UBS Group downgraded shares of StoneCo from a buy rating to a neutral rating and raised their target price for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. The Goldman Sachs Group upgraded shares of StoneCo from a neutral rating to a buy rating and raised their target price for the company from $12.00 to $21.00 in a research note on Monday, January 22nd. Susquehanna lowered their target price on shares of StoneCo from $23.00 to $22.00 and set a positive rating for the company in a research note on Friday, April 19th. Finally, Citigroup raised their price target on shares of StoneCo from $19.00 to $20.00 and gave the stock a buy rating in a report on Wednesday, March 20th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, StoneCo presently has an average rating of Moderate Buy and an average target price of $18.90.

StoneCo Stock Performance

Shares of NASDAQ:STNE opened at $14.36 on Monday. The firm has a market cap of $4.51 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 0.54 and a beta of 2.39. The firm’s 50 day simple moving average is $16.16 and its 200-day simple moving average is $16.30. StoneCo has a one year low of $9.34 and a one year high of $19.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.36 and a current ratio of 1.36.

StoneCo (NASDAQ:STNE) last issued its earnings results on Monday, March 18th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. StoneCo had a net margin of 14.08% and a return on equity of 12.35%. The business had revenue of $655.87 million for the quarter, compared to analyst estimates of $468.47 million. As a group, equities analysts predict that StoneCo will post 1.28 EPS for the current year.

Institutional Investors Weigh In On StoneCo

A number of hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of StoneCo in the 3rd quarter valued at $143,000. Raymond James Financial Services Advisors Inc. grew its position in shares of StoneCo by 72.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 72,428 shares of the company’s stock valued at $773,000 after buying an additional 30,391 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of StoneCo by 266.4% in the 3rd quarter. Principal Financial Group Inc. now owns 635,411 shares of the company’s stock valued at $6,780,000 after buying an additional 461,984 shares during the last quarter. Private Advisor Group LLC grew its position in shares of StoneCo by 8.1% in the 3rd quarter. Private Advisor Group LLC now owns 31,545 shares of the company’s stock valued at $337,000 after buying an additional 2,363 shares during the last quarter. Finally, Jump Financial LLC purchased a new position in shares of StoneCo in the 3rd quarter valued at $601,000. 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.