StoneCo (NASDAQ:STNE) Shares Gap Down to $17.47

StoneCo Ltd. (NASDAQ:STNEGet Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $17.47, but opened at $15.43. StoneCo shares last traded at $15.89, with a volume of 6,224,287 shares trading hands.

Analysts Set New Price Targets

A number of research firms have weighed in on STNE. Bank of America lifted their target price on StoneCo from $17.00 to $18.00 and gave the company a “buy” rating in a report on Monday, December 11th. Citigroup raised their price target on shares of StoneCo from $19.00 to $20.00 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group raised shares of StoneCo from a “neutral” rating to a “buy” rating and upped their price target for the stock from $12.00 to $21.00 in a report on Monday, January 22nd. UBS Group lowered StoneCo from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $18.00 to $21.00 in a research note on Thursday, February 1st. Finally, Barclays boosted their target price on StoneCo from $14.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, StoneCo has a consensus rating of “Moderate Buy” and an average target price of $18.64.

Check Out Our Latest Stock Report on STNE

StoneCo Price Performance

The stock has a market capitalization of $5.27 billion, a P/E ratio of 16.61 and a beta of 2.37. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a 50-day moving average price of $17.22 and a 200 day moving average price of $14.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC bought a new stake in shares of StoneCo in the 4th quarter worth approximately $572,000. Price T Rowe Associates Inc. MD lifted its stake in StoneCo by 9.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 72,465 shares of the company’s stock worth $1,307,000 after purchasing an additional 6,072 shares during the last quarter. GSA Capital Partners LLP lifted its stake in StoneCo by 110.0% in the fourth quarter. GSA Capital Partners LLP now owns 31,616 shares of the company’s stock worth $570,000 after purchasing an additional 16,563 shares during the last quarter. Legal & General Group Plc boosted its position in StoneCo by 10.4% during the fourth quarter. Legal & General Group Plc now owns 237,746 shares of the company’s stock valued at $4,287,000 after buying an additional 22,376 shares during the period. Finally, Barclays PLC grew its stake in shares of StoneCo by 336.9% during the fourth quarter. Barclays PLC now owns 447,188 shares of the company’s stock valued at $8,063,000 after buying an additional 344,839 shares during the last quarter. 77.54% of the stock is currently owned by institutional investors.

StoneCo Company Profile

(Get Free Report)

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.

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