PagSeguro Digital (NYSE:PAGS) Price Target Cut to $11.00 by Analysts at JPMorgan Chase & Co.

PagSeguro Digital (NYSE:PAGS) had its price target cut by JPMorgan Chase & Co. from $16.00 to $11.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 62.48% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Susquehanna dropped their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, November 18th. Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, The Goldman Sachs Group cut their price objective on 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

PagSeguro Digital Stock Up 0.9 %

NYSE PAGS opened at $6.77 on Monday. PagSeguro Digital has a 52 week low of $6.65 and a 52 week high of $14.98. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 5.60, a PEG ratio of 0.44 and a beta of 1.92. The company has a fifty day moving average of $7.89 and a two-hundred day moving average of $10.16.

Hedge Funds Weigh In On PagSeguro Digital

Institutional investors have recently made changes to their positions in the company. Y.D. More Investments Ltd lifted its stake in PagSeguro Digital by 82.5% in 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 period. Family Firm Inc. bought a new stake in shares of PagSeguro Digital in the 2nd quarter valued at about $50,000. Quarry LP lifted its position in shares of PagSeguro Digital by 156.2% in the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock worth $73,000 after purchasing an additional 3,806 shares during the period. EverSource Wealth Advisors LLC bought a new position in shares of PagSeguro Digital during the second quarter valued at approximately $74,000. Finally, Nisa Investment Advisors LLC increased its holdings in PagSeguro Digital by 26.8% during the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock valued at $79,000 after buying an additional 1,421 shares during the period. 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.