UBS Group Cuts StoneCo (NASDAQ:STNE) Price Target to $19.00

StoneCo (NASDAQ:STNE) had its price target reduced by UBS Group from $19.50 to $19.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Zacks Research raised shares of StoneCo from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 3rd. The Goldman Sachs Group reduced their price objective on StoneCo from $22.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. BTIG Research reissued a “buy” rating and issued a $22.00 target price on shares of StoneCo in a research report on Tuesday, March 3rd. Santander lowered StoneCo from an “outperform” rating to a “neutral” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings raised StoneCo from a “sell (d+)” rating to a “hold (c)” rating in a research report on Thursday, March 5th. Seven equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.44.

StoneCo Price Performance

STNE opened at $13.81 on Wednesday. StoneCo has a fifty-two week low of $9.32 and a fifty-two week high of $19.95. The firm has a 50-day moving average of $15.75 and a 200 day moving average of $16.54. The company has a debt-to-equity ratio of 0.81, a quick ratio of 1.43 and a current ratio of 1.37. The firm has a market cap of $3.95 billion, a P/E ratio of 9.03, a PEG ratio of 0.23 and a beta of 1.78.

StoneCo (NASDAQ:STNE) last announced its quarterly earnings data on Monday, March 2nd. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $675.42 million for the quarter, compared to analyst estimates of $704.26 million. StoneCo had a net margin of 15.38% and a return on equity of 21.55%. On average, research analysts expect that StoneCo will post 1.16 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BRC Global BAH Investments Ltd. purchased a new position in StoneCo in the 4th quarter valued at approximately $84,501,000. SPX Gestao de Recursos Ltda lifted its position in shares of StoneCo by 1,054.8% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 5,236,620 shares of the company’s stock worth $77,450,000 after acquiring an additional 4,783,158 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of StoneCo during the third quarter worth $58,017,000. Norges Bank bought a new position in shares of StoneCo in the fourth quarter worth $45,247,000. Finally, Ninety One UK Ltd boosted its holdings in shares of StoneCo by 218.4% in the third quarter. Ninety One UK Ltd now owns 4,234,251 shares of the company’s stock worth $80,070,000 after acquiring an additional 2,904,432 shares during the period. 73.19% of the stock is owned by institutional investors.

StoneCo Company Profile

StoneCo Ltd., commonly known as Stone, is a Brazilian financial technology company that provides integrated digital payment solutions and related financial services to merchants. Through its cloud-based platform, Stone enables businesses of all sizes to accept a variety of payment methods, including point-of-sale (POS) terminals, mobile card readers and e-commerce gateways. In addition to payment acceptance, the company offers value-added services such as working capital loans, digital banking products and automated billing tools designed to help merchants manage cash flow and streamline operations.

Since its founding in 2012 by André Street and Eduardo Pontes, Stone has focused on serving over half a million merchants across Brazil’s retail, restaurant and services sectors.