PagSeguro Digital (NYSE:PAGS) Shares Gap Down Following Analyst Downgrade

PagSeguro Digital Ltd (NYSE:PAGS)’s share price gapped down prior to trading on Thursday after Cantor Fitzgerald lowered their price target on the stock from $56.00 to $46.00. The stock had previously closed at $26.01, but opened at $30.48. Cantor Fitzgerald currently has an overweight rating on the stock. PagSeguro Digital shares last traded at $30.97, with a volume of 148,120 shares traded.

Other equities analysts have also issued reports about the company. HSBC raised PagSeguro Digital from a “hold” rating to a “buy” rating in a report on Monday, November 11th. Evercore ISI cut their price target on PagSeguro Digital from $65.00 to $56.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. ValuEngine lowered PagSeguro Digital from a “hold” rating to a “sell” rating in a report on Tuesday, October 29th. Deutsche Bank raised their price target on PagSeguro Digital from $40.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Finally, Zacks Investment Research lowered PagSeguro Digital from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $42.70.

A number of large investors have recently bought and sold shares of the stock. Northern Trust Corp boosted its stake in PagSeguro Digital by 0.5% during the second quarter. Northern Trust Corp now owns 67,948 shares of the company’s stock valued at $2,648,000 after buying an additional 346 shares during the period. Albert D Mason Inc. boosted its stake in PagSeguro Digital by 2.4% during the third quarter. Albert D Mason Inc. now owns 19,435 shares of the company’s stock valued at $900,000 after buying an additional 450 shares during the period. Commonwealth Equity Services LLC boosted its stake in PagSeguro Digital by 0.8% during the second quarter. Commonwealth Equity Services LLC now owns 73,492 shares of the company’s stock valued at $2,863,000 after buying an additional 616 shares during the period. Intellectus Partners LLC boosted its stake in PagSeguro Digital by 1.9% during the third quarter. Intellectus Partners LLC now owns 36,675 shares of the company’s stock valued at $1,698,000 after buying an additional 675 shares during the period. Finally, Capital Investment Advisory Services LLC boosted its stake in PagSeguro Digital by 127.3% during the third quarter. Capital Investment Advisory Services LLC now owns 1,250 shares of the company’s stock valued at $58,000 after buying an additional 700 shares during the period. 53.48% of the stock is owned by institutional investors.

The company has a market cap of $11.98 billion, a P/E ratio of 35.24, a price-to-earnings-growth ratio of 1.22 and a beta of 0.47. The company has a 50 day moving average of $38.97 and a 200-day moving average of $40.71.

About PagSeguro Digital (NYSE:PAGS)

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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