StoneCo Ltd. (NASDAQ:STNE - Get Free Report) shares hit a new 52-week low during trading on Friday . The company traded as low as $7.73 and last traded at $7.87, with a volume of 763050 shares traded. The stock had previously closed at $7.97.
A number of research analysts have issued reports on STNE shares. JPMorgan Chase & Co. reduced their target price on shares of StoneCo from $21.00 to $15.00 and set an "overweight" rating for the company in a research note on Monday, December 16th. Barclays decreased their price objective on StoneCo from $13.00 to $12.00 and set an "equal weight" rating for the company in a research report on Monday, November 18th. Cantor Fitzgerald upgraded StoneCo to a "strong-buy" rating in a research note on Thursday, October 3rd. Finally, Susquehanna lowered their target price on shares of StoneCo from $22.00 to $19.00 and set a "positive" rating on the stock in a research report on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $16.13.
Check Out Our Latest Research Report on StoneCo
The stock has a market cap of $2.41 billion, a P/E ratio of 6.09, a PEG ratio of 0.35 and a beta of 2.23. The stock has a fifty day simple moving average of $9.36 and a 200-day simple moving average of $11.29. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47.
Several institutional investors and hedge funds have recently modified their holdings of STNE. Y.D. More Investments Ltd boosted its stake in shares of StoneCo by 90.2% during the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company's stock worth $58,000 after acquiring an additional 2,275 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in StoneCo during the third quarter valued at approximately $125,000. Point72 Hong Kong Ltd bought a new position in StoneCo in the second quarter valued at about $135,000. Covestor Ltd increased its holdings in shares of StoneCo by 40.9% during the third quarter. Covestor Ltd now owns 13,350 shares of the company's stock worth $150,000 after buying an additional 3,878 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of StoneCo in the third quarter valued at approximately $156,000. 73.19% of the stock is owned by institutional investors and hedge funds.
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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