JPMorgan Chase & Co. Has Lowered Expectations for PagSeguro Digital (NYSE:PAGS) Stock Price

PagSeguro Digital (NYSE:PAGS) had its price target dropped by analysts at JPMorgan Chase & Co. from $16.00 to $11.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 62.72% from the company’s previous close.

PAGS has been the topic of several other reports. Itau BBA Securities cut shares of 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. Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. KeyCorp upgraded PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Susquehanna lowered their price target 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. Finally, Cantor Fitzgerald upgraded 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 assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $14.00.

PagSeguro Digital Stock Down 4.1 %

Shares of PAGS traded down $0.29 during trading hours on Monday, reaching $6.76. 1,598,293 shares of the company traded hands, compared to its average volume of 4,225,349. The stock has a fifty day simple moving average of $7.92 and a 200 day simple moving average of $10.20. PagSeguro Digital has a fifty-two week low of $6.74 and a fifty-two week high of $14.98. The stock has a market capitalization of $2.23 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 0.44 and a beta of 1.92.

Institutional Trading of PagSeguro Digital

Several institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC grew its position in PagSeguro Digital by 26.8% in 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 last quarter. Y.D. More Investments Ltd grew its holdings in shares of PagSeguro Digital by 82.5% in the 2nd 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. Truvestments Capital LLC raised its position in shares of PagSeguro Digital by 9.9% during the third quarter. Truvestments Capital LLC now owns 21,410 shares of the company’s stock worth $184,000 after purchasing an additional 1,923 shares during the period. Los Angeles Capital Management LLC lifted its holdings in shares of PagSeguro Digital by 1.9% during the second quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company’s stock valued at $1,297,000 after purchasing an additional 2,083 shares during the last quarter. Finally, Point72 Hong Kong Ltd lifted its holdings in shares of PagSeguro Digital by 34.6% during the third quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock valued at $93,000 after purchasing an additional 2,767 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

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.