PagSeguro Digital (NYSE:PAGS) Sets New 52-Week Low – What’s Next?

PagSeguro Digital Ltd. (NYSE:PAGS)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $6.58 and last traded at $6.59, with a volume of 678801 shares changing hands. The stock had previously closed at $6.77.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PAGS. Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. JPMorgan Chase & Co. cut their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday. Barclays decreased their price target on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. KeyCorp raised PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Finally, Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PagSeguro Digital has an average rating of “Moderate Buy” and an average price target of $14.00.

PagSeguro Digital Price Performance

The company has a market cap of $2.06 billion, a P/E ratio of 5.17, a PEG ratio of 0.44 and a beta of 1.92. The firm’s 50-day moving average is $7.82 and its two-hundred day moving average is $10.09.

Institutional Trading of PagSeguro Digital

Several hedge funds have recently made changes to their positions in the business. Y.D. More Investments Ltd increased its stake in PagSeguro Digital by 82.5% during the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after acquiring an additional 1,800 shares during the last quarter. Family Firm Inc. bought a new position in shares of PagSeguro Digital during the 2nd quarter valued at approximately $50,000. EverSource Wealth Advisors LLC purchased a new stake in PagSeguro Digital during the 2nd quarter valued at $74,000. Quarry LP lifted its position in PagSeguro Digital by 156.2% in the second quarter. Quarry LP now owns 6,242 shares of the company’s stock worth $73,000 after buying an additional 3,806 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in PagSeguro Digital by 26.8% during the second 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. 45.88% of the stock is currently owned by hedge funds and other 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.