JPMorgan Chase & Co. Lowers PagSeguro Digital (NYSE:PAGS) Price Target to $11.00

PagSeguro Digital (NYSE:PAGS) had its price objective lowered by research analysts at JPMorgan Chase & Co. from $16.00 to $11.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 62.48% from the stock’s current price.

PAGS has been the subject of several other research reports. Barclays cut their price target on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Morgan Stanley reiterated an “underweight” rating and set a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. The Goldman Sachs Group decreased their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Cantor Fitzgerald raised shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $14.00.

PagSeguro Digital Price Performance

Shares of PagSeguro Digital stock opened at $6.77 on Monday. PagSeguro Digital has a 1-year low of $6.65 and a 1-year high of $14.98. The company’s fifty day simple moving average is $7.89 and its 200-day simple moving average is $10.16. The stock has a market capitalization of $2.23 billion, a PE ratio of 5.60, a P/E/G ratio of 0.44 and a beta of 1.92.

Institutional Trading of PagSeguro Digital

Several hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its holdings in shares of PagSeguro Digital by 26.8% in the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock valued at $79,000 after purchasing an additional 1,421 shares in the last quarter. Y.D. More Investments Ltd lifted its position in PagSeguro Digital by 82.5% during the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after purchasing an additional 1,800 shares during the last quarter. Truvestments Capital LLC grew its stake in shares of PagSeguro Digital by 9.9% in the 3rd quarter. Truvestments Capital LLC now owns 21,410 shares of the company’s stock worth $184,000 after buying an additional 1,923 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of PagSeguro Digital by 1.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company’s stock worth $1,297,000 after buying an additional 2,083 shares during the last quarter. Finally, Point72 Hong Kong Ltd raised its position in shares of PagSeguro Digital by 34.6% during the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock valued at $93,000 after buying an additional 2,767 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

About PagSeguro Digital

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a digital ecosystem that operates as a closed loop where its clients are able to address their primary day to day financial needs, including receiving and spending funds, and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.