Barclays Lowers StoneCo (NASDAQ:STNE) Price Target to $10.00

StoneCo (NASDAQ:STNE) had its price target cut by Barclays from $12.00 to $10.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.

STNE has been the topic of a number of other reports. Citigroup reaffirmed a “neutral” rating and set a $9.00 price target (down from $19.00) on shares of StoneCo in a research note on Thursday, January 16th. Cantor Fitzgerald raised shares of StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. decreased their price target on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research note on Monday, December 16th. Finally, Susquehanna dropped their price objective on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $14.50.

StoneCo Stock Up 0.3 %

StoneCo stock opened at $8.87 on Wednesday. The stock’s 50 day moving average price is $8.77 and its 200 day moving average price is $10.90. StoneCo has a 1-year low of $7.72 and a 1-year high of $19.46. The company has a market cap of $2.74 billion, a PE ratio of 6.93, a price-to-earnings-growth ratio of 0.34 and a beta of 2.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42.

Hedge Funds Weigh In On StoneCo

Several hedge funds have recently bought and sold shares of STNE. Newbridge Financial Services Group Inc. boosted its stake in shares of StoneCo by 166.7% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 6,400 shares of the company’s stock valued at $51,000 after acquiring an additional 4,000 shares during the last quarter. Prairie Wealth Advisors Inc. lifted its holdings in StoneCo by 19.7% in the 4th quarter. Prairie Wealth Advisors Inc. now owns 85,000 shares of the company’s stock valued at $677,000 after purchasing an additional 14,000 shares in the last quarter. Yorktown Management & Research Co Inc boosted its stake in shares of StoneCo by 96.8% during the 4th quarter. Yorktown Management & Research Co Inc now owns 30,900 shares of the company’s stock worth $246,000 after purchasing an additional 15,200 shares during the last quarter. Tempus Wealth Planning LLC purchased a new stake in shares of StoneCo during the fourth quarter worth about $124,000. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of StoneCo by 5.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 987,298 shares of the company’s stock valued at $7,869,000 after buying an additional 47,841 shares during the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

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.