StoneCo (NASDAQ:STNE) Sets New 52-Week Low – Time to Sell?

StoneCo Ltd. (NASDAQ:STNE)’s share price hit a new 52-week low during mid-day trading on Friday. The stock traded as low as $9.07 and last traded at $9.1160, with a volume of 191366 shares. The stock had previously closed at $9.16.

Analyst Upgrades and Downgrades

A number of research firms have commented on STNE. Jefferies Financial Group began coverage on shares of StoneCo in a research report on Thursday, July 23rd. They set a “hold” rating and a $12.60 target price on the stock. Bank of America downgraded shares of StoneCo from a “buy” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research note on Wednesday, July 15th. UBS Group cut their price objective on shares of StoneCo from $15.00 to $13.00 and set a “buy” rating on the stock in a report on Friday, August 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of StoneCo in a research note on Monday, September 14th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $14.30.

StoneCo Stock Down 0.3%

The business has a 50 day moving average of $10.20 and a two-hundred day moving average of $11.46. The stock has a market capitalization of $2.27 billion, a PE ratio of 3.68, a PEG ratio of 0.27 and a beta of 1.75. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.26 and a current ratio of 1.26.

StoneCo (NASDAQ:STNE) last posted its earnings results on Thursday, August 13th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.01. The company had revenue of $129.73 million for the quarter, compared to analyst estimates of $708.24 million. StoneCo had a return on equity of 22.19% and a net margin of 22.92%. Analysts predict that StoneCo Ltd. will post 2.22 EPS for the current year.

Insider Activity

In other news, Director Silvio Morais sold 21,000 shares of StoneCo stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $9.91, for a total value of $208,110.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 11.25% of the stock is currently owned by insiders.

Institutional Investors Weigh In On StoneCo

A number of hedge funds and other institutional investors have recently bought and sold shares of STNE. Rockefeller Capital Management L.P. lifted its holdings in StoneCo by 74.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,199 shares of the company’s stock valued at $33,000 after purchasing an additional 936 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of StoneCo by 54.4% during the second quarter. Versant Capital Management Inc now owns 3,032 shares of the company’s stock worth $33,000 after purchasing an additional 1,068 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of StoneCo by 77.4% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,705 shares of the company’s stock worth $38,000 after purchasing an additional 1,180 shares during the last quarter. Handelsbanken Fonder AB raised its position in shares of StoneCo by 3.4% during the 2nd quarter. Handelsbanken Fonder AB now owns 43,097 shares of the company’s stock worth $467,000 after purchasing an additional 1,400 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in StoneCo by 13.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 12,640 shares of the company’s stock valued at $178,000 after buying an additional 1,483 shares in the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.

About StoneCo

StoneCo Ltd. is a financial technology company serving businesses and consumers in Brazil. Through its Stone and Ton brands, the company provides electronic payment processing and point-of-sale solutions, including card acceptance, digital payments, payment links and related tools for merchants of varying sizes.

StoneCo also offers financial services designed to support small and medium-sized businesses, such as digital banking, working-capital products and other business management tools.