PagSeguro Digital (NYSE:PAGS) Reaches New 1-Year Low – Here’s What Happened

PagSeguro Digital Ltd. (NYSE:PAGS)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $7.87 and last traded at $7.91, with a volume of 1236339 shares changing hands. The stock had previously closed at $8.09.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group cut their price target on PagSeguro Digital from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Barclays reduced their target price on shares of 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 target (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Itau BBA Securities lowered 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. Finally, Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $14.40.

PagSeguro Digital Trading Down 3.2 %

The company has a 50 day simple moving average of $8.57 and a two-hundred day simple moving average of $11.00. The firm has a market capitalization of $2.58 billion, a P/E ratio of 6.91, a P/E/G ratio of 0.44 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. The company had revenue of $874.38 million during the quarter, compared to analyst estimates of $816.34 million. During the same period in the prior year, the company earned $0.26 earnings per share. On average, sell-side analysts expect that PagSeguro Digital Ltd. will post 1.19 EPS for the current fiscal year.

Institutional Investors Weigh In On PagSeguro Digital

Institutional investors have recently modified their holdings of the stock. Algert Global LLC purchased a new stake in PagSeguro Digital in the 2nd quarter worth about $1,212,000. Russell Investments Group Ltd. lifted its stake in shares of PagSeguro Digital by 95.2% during the 1st quarter. Russell Investments Group Ltd. now owns 1,281,587 shares of the company’s stock worth $18,316,000 after acquiring an additional 625,023 shares during the last quarter. Vanguard Group Inc. boosted its holdings in PagSeguro Digital by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock valued at $21,496,000 after acquiring an additional 92,026 shares during the period. Skandinaviska Enskilda Banken AB publ grew its position in PagSeguro Digital by 768.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 725,100 shares of the company’s stock valued at $8,476,000 after acquiring an additional 641,600 shares during the last quarter. Finally, New Century Financial Group LLC bought a new stake in shares of PagSeguro Digital in the 3rd quarter valued at about $641,000. 45.88% of the stock is owned by institutional investors.

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.