PagSeguro Digital (NYSE:PAGS) Trading Down 4.7% Following Analyst Downgrade

PagSeguro Digital Ltd. (NYSE:PAGS)’s share price traded down 4.7% during trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $16.00 to $11.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. PagSeguro Digital traded as low as $6.68 and last traded at $6.72. 2,857,297 shares were traded during trading, a decline of 32% from the average session volume of 4,230,828 shares. The stock had previously closed at $7.05.

PAGS has been the topic of a number of other research reports. Barclays dropped their target price on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Susquehanna cut their price objective on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research report on Monday, November 18th. Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. Morgan Stanley reiterated an “underweight” rating and issued a $6.50 price target (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. Finally, The Goldman Sachs Group decreased their price objective on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.00.

Hedge Funds Weigh In On PagSeguro Digital

Several institutional investors have recently added to or reduced their stakes in the stock. Y.D. More Investments Ltd boosted its stake in PagSeguro Digital by 82.5% in the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after acquiring an additional 1,800 shares during the last quarter. Family Firm Inc. bought a new stake in shares of PagSeguro Digital in the 2nd quarter worth approximately $50,000. Quarry LP lifted its stake in PagSeguro Digital by 156.2% in the second quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after purchasing an additional 3,806 shares during the last quarter. EverSource Wealth Advisors LLC bought a new position in PagSeguro Digital during the second quarter valued at $74,000. Finally, Nisa Investment Advisors LLC increased its position in PagSeguro Digital by 26.8% in the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock worth $79,000 after buying an additional 1,421 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Up 0.9 %

The firm 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. The stock has a 50-day simple moving average of $7.89 and a 200-day simple moving average of $10.16.

PagSeguro Digital Company Profile

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.