StoneCo (NASDAQ:STNE) Reaches New 52-Week Low – What’s Next?

StoneCo Ltd. (NASDAQ:STNE) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $7.88 and last traded at $7.90, with a volume of 1157559 shares. The stock had previously closed at $8.19.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Cantor Fitzgerald upgraded StoneCo to a “strong-buy” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. decreased their target price on shares of StoneCo from $21.00 to $15.00 and set an “overweight” rating on the stock in a research report on Monday, December 16th. Barclays dropped their price target 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. Morgan Stanley restated an “underweight” rating and set a $7.00 price objective (down from $16.50) on shares of StoneCo in a research report on Thursday, September 5th. Finally, Susquehanna dropped their target price on StoneCo from $22.00 to $19.00 and set a “positive” rating for the company in a report on Wednesday, November 13th. One equities research 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 stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.13.

StoneCo Stock Performance

The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average price of $9.81 and a 200 day moving average price of $11.46. The stock has a market cap of $2.46 billion, a P/E ratio of 6.23, a PEG ratio of 0.35 and a beta of 2.21.

Institutional Trading of StoneCo

Several institutional investors and hedge funds have recently made changes to their positions in STNE. Y.D. More Investments Ltd increased its stake in StoneCo by 90.2% in the 2nd quarter. Y.D. More Investments Ltd now owns 4,798 shares of the company’s stock worth $58,000 after buying an additional 2,275 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of StoneCo during the third quarter valued at approximately $125,000. Point72 Hong Kong Ltd bought a new stake in shares of StoneCo during the second quarter valued at approximately $135,000. nVerses Capital LLC purchased a new stake in shares of StoneCo in the second quarter valued at approximately $137,000. Finally, Covestor Ltd grew its stake in StoneCo by 40.9% in the third quarter. Covestor Ltd now owns 13,350 shares of the company’s stock worth $150,000 after purchasing an additional 3,878 shares in the last quarter. 73.19% of the stock is currently owned by institutional investors.

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.