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

by · The Cerbat Gem

Shares of StoneCo Ltd. (NASDAQ:STNE – Get Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as $9.06 and last traded at $9.06, with a volume of 1687868 shares changing hands. The stock had previously closed at $9.18.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on STNE. Morgan Stanley reaffirmed an “underweight” rating and set a $7.00 price objective (down previously from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Cantor Fitzgerald upgraded shares of StoneCo to a “strong-buy” rating in a research note on Thursday, October 3rd. Barclays decreased their price target on shares of StoneCo from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Monday, November 18th. Susquehanna decreased their price objective on shares of StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a research report on Wednesday, November 13th. Finally, UBS Group upped their price objective on StoneCo from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $16.75.

Read Our Latest Research Report on STNE

StoneCo Price Performance

The company has a debt-to-equity ratio of 0.47, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 7.13, a PEG ratio of 0.32 and a beta of 2.21. The stock has a 50-day moving average price of $10.58 and a 200 day moving average price of $11.97.

Institutional Investors Weigh In On StoneCo

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Central Bank & Trust Co. purchased a new stake in StoneCo during the 2nd quarter valued at approximately $40,000. Y.D. More Investments Ltd grew its position in StoneCo by 90.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock valued at $58,000 after buying an additional 2,275 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in StoneCo in the 3rd quarter valued at $125,000. Point72 Hong Kong Ltd purchased a new position in StoneCo during the 2nd quarter worth $135,000. Finally, nVerses Capital LLC acquired a new stake in shares of StoneCo in the 2nd quarter worth $137,000. 73.19% of the stock is owned by hedge funds and other 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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