2 weeks Ago By ABMN Staff
StoneCo Ltd. ( NASDAQ:STNE – Get Free Report ) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 9,290 put options on the stock.
This represents an increase of approximately 44% compared to the typical daily volume of 6,451 put options. StoneCo Stock Performance NASDAQ STNE opened at $13.19 on Friday.
The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.
41. The stock has a fifty day simple moving average of $13.03 and a 200-day simple moving average of $14.
75. StoneCo has a twelve month low of $9.34 and a twelve month high of $19.
46. The stock has a market cap of $4.07 billion, a PE ratio of 11.
88, a P/E/G ratio of 0.49 and a beta of 2.32.
Analyst Ratings Changes Several brokerages have issued reports on STNE. Barclays dropped their price target on StoneCo from $16.00 to $14.
00 and set an “equal weight” rating for the company in a research note on Thursday, August 1st. UBS Group increased their price target on shares of StoneCo from $17.00 to $18.
00 and gave the company a “buy” rating in a report on Thursday. Evercore ISI cut their target price on shares of StoneCo from $25.00 to $23.
00 and set an “outperform” rating for the company in a research report on Tuesday, June 25th. The Goldman Sachs Group reduced their price objective on StoneCo from $21.00 to $15.
00 and set a “buy” rating for the company in a research note on Wednesday, June 26th. Finally, JPMorgan Chase & Co. raised StoneCo from a “neutral” rating to an “overweight” rating and set a $20.
00 price target on the stock in a report on Thursday, June 6th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.
com, StoneCo currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00. Institutional Trading of StoneCo A number of institutional investors have recently modified their holdings of the business.
Marshall Wace LLP lifted its holdings in shares of StoneCo by 204.1% in the second quarter. Marshall Wace LLP now owns 7,741,662 shares of the company’s stock valued at $92,823,000 after purchasing an additional 5,195,787 shares in the last quarter.
Norges Bank purchased a new stake in shares of StoneCo in the fourth quarter worth about $58,777,000. Hsbc Holdings PLC boosted its holdings in StoneCo by 2,445.5% in the 2nd quarter.
Hsbc Holdings PLC now owns 2,287,353 shares of the company’s stock worth $27,151,000 after acquiring an additional 2,197,495 shares during the period. Lord Abbett & CO. LLC purchased a new position in shares of StoneCo in the first quarter valued at $33,139,000.
Finally, American Century Companies Inc. purchased a new position in StoneCo in the 2nd quarter valued at about $23,483,000. 73.
19% of the stock is currently 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. Featured Stories Receive News & Ratings for StoneCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StoneCo and related companies with MarketBeat.com's FREE daily email newsletter .
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