PagSeguro Digital (NYSE:PAGS) Shares Down 4.7% After Analyst Downgrade

PagSeguro Digital Ltd. (NYSE:PAGS) shares were down 4.7% on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $16.00 to $11.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. PagSeguro Digital traded as low as $6.68 and last traded at $6.72. Approximately 2,857,297 shares traded hands during trading, a decline of 32% from the average daily volume of 4,230,828 shares. The stock had previously closed at $7.05.

PAGS has been the topic of several other reports. Susquehanna dropped their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research report on Monday, November 18th. 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 report 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 lowered their price target 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. Finally, KeyCorp upgraded PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Institutional Trading of PagSeguro Digital

A number of institutional investors and hedge funds have recently made changes to their positions in PAGS. SPX Gestao de Recursos Ltda bought a new position in shares of PagSeguro Digital in the third quarter worth about $38,151,000. DGS Capital Management LLC acquired a new position in shares of PagSeguro Digital during the third quarter worth $113,000. Tidal Investments LLC bought a new position in shares of PagSeguro Digital in the 3rd quarter valued at $339,000. Sanctuary Advisors LLC acquired a new stake in shares of PagSeguro Digital during the 3rd quarter valued at $157,000. Finally, Virtu Financial LLC bought a new stake in PagSeguro Digital during the 3rd quarter worth $98,000. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

The business has a fifty day simple moving average of $7.89 and a 200-day simple moving average of $10.16. The firm has a market cap of $2.23 billion, a price-to-earnings ratio of 5.60, a PEG ratio of 0.44 and a beta of 1.92.

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.