PagSeguro Digital (NYSE:PAGS) Hits New 1-Year Low – Here’s Why

PagSeguro Digital Ltd. (NYSE:PAGS) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $6.82 and last traded at $7.02, with a volume of 851044 shares trading hands. The stock had previously closed at $7.10.

Analyst Ratings Changes

A number of analysts recently weighed in on PAGS shares. Morgan Stanley restated an “underweight” rating and issued a $6.50 price target (down from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Itau BBA Securities lowered shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research report on Tuesday, October 1st. Susquehanna cut their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday, November 18th. The Goldman Sachs Group reduced their price objective 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. Finally, KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. One equities 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $14.36.

PagSeguro Digital Stock Up 1.4 %

The firm’s fifty day simple moving average is $7.92 and its 200-day simple moving average is $10.22. The company has a market cap of $2.32 billion, a PE ratio of 5.83, a P/E/G ratio of 0.44 and a beta of 1.92.

Institutional Investors Weigh In On PagSeguro Digital

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