PagSeguro Digital (NYSE:PAGS) Sets New 52-Week Low – Here’s Why

PagSeguro Digital Ltd. (NYSE:PAGS) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.11 and last traded at $6.20, with a volume of 685592 shares changing hands. The stock had previously closed at $6.27.

Analyst Ratings Changes

A number of analysts have issued reports on PAGS shares. The Goldman Sachs Group cut their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. JPMorgan Chase & Co. reduced their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Finally, Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $14.00.

PagSeguro Digital Stock Down 1.6 %

The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 5.10, a PEG ratio of 0.44 and a beta of 1.94. The firm has a fifty day moving average price of $7.24 and a 200-day moving average price of $9.54.

Hedge Funds Weigh In On PagSeguro Digital

Large investors have recently bought and sold shares of the stock. Y.D. More Investments Ltd boosted its position in shares of 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 buying an additional 1,800 shares during the period. EverSource Wealth Advisors LLC bought a new position in PagSeguro Digital during the second quarter valued at about $74,000. Quarry LP raised 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 acquiring an additional 3,806 shares in the last quarter. GW Henssler & Associates Ltd. acquired a new stake in shares of PagSeguro Digital during the 3rd quarter valued at $87,000. 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. 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.