PagSeguro Digital (NYSE:PAGS) Hits New 12-Month Low – Here’s Why

PagSeguro Digital Ltd. (NYSE:PAGS) reached a new 52-week low on Friday . The stock traded as low as $6.11 and last traded at $6.20, with a volume of 685592 shares changing hands. The stock had previously closed at $6.27.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. The Goldman Sachs Group dropped their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Susquehanna reduced their target price 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. KeyCorp raised PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. dropped their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned 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 a consensus target price of $14.00.

PagSeguro Digital Stock Down 1.6 %

The company’s 50 day simple moving average is $7.24 and its two-hundred day simple moving average is $9.54. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 5.10, a P/E/G ratio of 0.44 and a beta of 1.94.

Institutional Trading of PagSeguro Digital

Large investors have recently bought and sold shares of the stock. Y.D. More Investments Ltd grew its holdings in shares of 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 buying an additional 1,800 shares during the last quarter. Truvestments Capital LLC grew its stake in PagSeguro Digital by 9.9% during the 3rd quarter. Truvestments Capital LLC now owns 21,410 shares of the company’s stock valued at $184,000 after purchasing an additional 1,923 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of PagSeguro Digital by 1.9% in the second quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company’s stock valued at $1,297,000 after purchasing an additional 2,083 shares during the period. Point72 Hong Kong Ltd raised its stake in shares of PagSeguro Digital by 34.6% in the third quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock worth $93,000 after purchasing an additional 2,767 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of PagSeguro Digital by 156.2% during the second quarter. Quarry LP now owns 6,242 shares of the company’s stock worth $73,000 after purchasing an additional 3,806 shares during the period. Hedge funds and other institutional investors own 45.88% of the company’s stock.

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.