StoneCo’s (STNE) “Neutral” Rating Reaffirmed at Citigroup

StoneCo (NASDAQ:STNE)‘s stock had its “neutral” rating reissued by research analysts at Citigroup in a note issued to investors on Thursday, Marketbeat reports. They presently have a $9.00 price target on the stock, down from their previous price target of $19.00. Citigroup’s price objective would suggest a potential upside of 5.14% from the company’s current price.

STNE has been the topic of a number of other research reports. Susquehanna decreased their price objective on StoneCo from $22.00 to $19.00 and set a “positive” rating on the stock in a report on Wednesday, November 13th. Barclays reduced their price target on StoneCo from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Monday, November 18th. Cantor Fitzgerald upgraded StoneCo to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. reduced their price target on StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a report on Monday, December 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.75.

StoneCo Trading Up 1.7 %

Shares of STNE stock opened at $8.56 on Thursday. The stock’s fifty day moving average is $9.00 and its two-hundred day moving average is $11.14. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $2.64 billion, a P/E ratio of 6.69, a PEG ratio of 0.30 and a beta of 2.23. StoneCo has a fifty-two week low of $7.72 and a fifty-two week high of $19.46.

Institutional Trading of StoneCo

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans increased its position in shares of StoneCo by 9.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 19,877 shares of the company’s stock worth $224,000 after purchasing an additional 1,773 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of StoneCo by 1.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 123,275 shares of the company’s stock worth $1,478,000 after purchasing an additional 1,848 shares during the last quarter. Atria Investments Inc grew its position in StoneCo by 19.0% in the 3rd quarter. Atria Investments Inc now owns 20,258 shares of the company’s stock valued at $228,000 after acquiring an additional 3,241 shares in the last quarter. Koa Wealth Management LLC grew its position in StoneCo by 2.1% in the 3rd quarter. Koa Wealth Management LLC now owns 160,709 shares of the company’s stock valued at $1,810,000 after acquiring an additional 3,289 shares in the last quarter. Finally, Covestor Ltd grew its position in StoneCo by 40.9% in the 3rd quarter. Covestor Ltd now owns 13,350 shares of the company’s stock valued at $150,000 after acquiring an additional 3,878 shares in the last quarter. 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.