Susquehanna Has Lowered Expectations for StoneCo (NASDAQ:STNE) Stock Price

StoneCo (NASDAQ:STNE) had its price objective cut by stock analysts at Susquehanna from $22.00 to $19.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “positive” rating on the stock. Susquehanna’s target price would indicate a potential upside of 63.93% from the company’s current price.

A number of other brokerages have also weighed in on STNE. UBS Group raised their target price on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 29th. Barclays dropped 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 set a $7.00 price target (down from $16.50) on shares of StoneCo in a research note on Thursday, September 5th. Finally, Cantor Fitzgerald upgraded shares of StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $17.40.

StoneCo Stock Up 0.3 %

Shares of NASDAQ:STNE opened at $11.59 on Wednesday. The company has a market capitalization of $3.58 billion, a PE ratio of 9.42, a P/E/G ratio of 0.41 and a beta of 2.29. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.36 and a current ratio of 1.36. The company’s fifty day moving average is $11.38 and its 200-day moving average is $12.83. StoneCo has a 52 week low of $10.64 and a 52 week high of $19.46.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STNE. Central Bank & Trust Co. acquired a new stake in shares of StoneCo during the second quarter worth about $40,000. Lazard Asset Management LLC bought a new position in StoneCo during the 1st quarter worth about $41,000. Y.D. More Investments Ltd grew 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 buying an additional 2,275 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in shares of StoneCo in the third quarter valued at approximately $125,000. Finally, Point72 Hong Kong Ltd acquired a new stake in StoneCo in the 2nd quarter valued at $135,000. 73.19% of the stock is 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.