PagSeguro Digital (NYSE:PAGS) Hits New 12-Month Low – What’s Next?

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

Wall Street Analyst Weigh In

PAGS has been the subject of several research reports. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. 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. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday. Finally, The Goldman Sachs Group dropped their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PagSeguro Digital has an average rating of “Moderate Buy” and a consensus price target of $14.36.

PagSeguro Digital Trading Down 1.1 %

The company’s fifty day moving average price is $7.97 and its two-hundred day moving average price is $10.28. The firm has a market cap of $2.31 billion, a P/E ratio of 5.87, a price-to-earnings-growth ratio of 0.36 and a beta of 1.92.

Institutional Trading of PagSeguro Digital

Several hedge funds have recently bought and sold shares of PAGS. SG Americas Securities LLC raised its holdings in PagSeguro Digital by 1,136.0% during the 2nd quarter. SG Americas Securities LLC now owns 208,763 shares of the company’s stock worth $2,440,000 after buying an additional 191,873 shares during the period. Nisa Investment Advisors LLC raised its holdings in PagSeguro Digital by 26.8% during the 2nd 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 period. Family Firm Inc. acquired a new stake in PagSeguro Digital during the 2nd quarter worth approximately $50,000. Bank of New York Mellon Corp raised its holdings in PagSeguro Digital by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 646,392 shares of the company’s stock worth $7,556,000 after buying an additional 50,643 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of PagSeguro Digital by 14.5% during the 2nd quarter. Principal Financial Group Inc. now owns 326,395 shares of the company’s stock worth $3,816,000 after acquiring an additional 41,376 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

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.