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

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

Analyst Ratings Changes

A number of analysts have recently commented on PAGS shares. Barclays reduced their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group dropped their price target on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday. Morgan Stanley reiterated an “underweight” rating and set a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Finally, Itau BBA Securities cut 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and an average target price of $14.20.

PagSeguro Digital Stock Down 2.2 %

The company has a fifty day simple moving average of $8.50 and a 200-day simple moving average of $10.94. The firm has a market cap of $2.52 billion, a P/E ratio of 6.54, a price-to-earnings-growth ratio of 0.42 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share (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 the consensus estimate of $816.34 million. During the same period in the previous year, the company posted $0.26 EPS. As a group, research analysts forecast that PagSeguro Digital Ltd. will post 1.19 EPS for the current year.

Institutional Trading of PagSeguro Digital

A number of hedge funds and other institutional investors have recently modified their holdings of PAGS. Janney Montgomery Scott LLC bought a new stake in PagSeguro Digital during the 1st quarter valued at approximately $291,000. Sei Investments Co. raised its position in shares of PagSeguro Digital by 27.7% during the first quarter. Sei Investments Co. now owns 51,856 shares of the company’s stock valued at $740,000 after buying an additional 11,236 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of PagSeguro Digital in the first quarter worth $30,000. Avantax Advisory Services Inc. bought a new position in shares of PagSeguro Digital during the first quarter worth $186,000. Finally, ProShare Advisors LLC grew its stake in PagSeguro Digital by 8.5% during the first quarter. ProShare Advisors LLC now owns 35,698 shares of the company’s stock valued at $510,000 after acquiring an additional 2,809 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

About PagSeguro Digital

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.