StoneCo (NASDAQ:STNE – Get Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports. According to Zacks, “StoneCo Ltd. provides financial technology solutions. The Company offers end-to-end cloud-based technology platform to conduct electronic commerce, across in-store, […]
StoneCo Ltd. (NASDAQ:STNE – Get Rating) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 18,170,000 shares, a drop of 19.0% from the April 15th total of 22,430,000 shares. Based on an average trading volume of 9,040,000 shares, the short-interest […]
StoneCo (NASDAQ:STNE – Get Rating) had its price target lowered by The Goldman Sachs Group from $19.00 to $12.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 8.50% from the stock’s previous close. STNE […]
Cantor Fitzgerald initiated coverage on shares of StoneCo (NASDAQ:STNE – Get Rating) in a research note released on Friday morning, MarketBeat.com reports. The brokerage issued an overweight rating and a $15.00 price objective on the stock. Other equities analysts have also recently issued research reports about the stock. Evercore ISI started coverage on shares of […]
StoneCo Ltd. (NASDAQ:STNE – Get Rating) was down 6% during trading on Tuesday . The company traded as low as $11.78 and last traded at $11.81. Approximately 77,552 shares changed hands during trading, a decline of 99% from the average daily volume of 13,991,677 shares. The stock had previously closed at $12.56. A number of […]