PagSeguro Digital (NYSE:PAGS) Given New $11.00 Price Target at JPMorgan Chase & Co.

PagSeguro Digital (NYSE:PAGS) had its target price lowered by JPMorgan Chase & Co. from $16.00 to $11.00 in a report published on Monday morning,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Several other equities analysts have also recently weighed in on PAGS. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Susquehanna lowered their price target on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a report on Monday, November 18th. KeyCorp raised PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Barclays reduced their price objective on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group reduced their price objective on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

PagSeguro Digital Price Performance

NYSE PAGS opened at $6.71 on Monday. The business’s fifty day moving average price is $7.89 and its 200-day moving average price is $10.16. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 5.55, a PEG ratio of 0.44 and a beta of 1.92. PagSeguro Digital has a 1-year low of $6.68 and a 1-year high of $14.98.

Institutional Investors Weigh In On PagSeguro Digital

A number of institutional investors have recently bought and sold shares of the business. Y.D. More Investments Ltd grew 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 valued at $47,000 after purchasing an additional 1,800 shares in the last quarter. Family Firm Inc. bought a new position in shares of PagSeguro Digital in the 2nd quarter valued at about $50,000. EverSource Wealth Advisors LLC bought a new position in shares of PagSeguro Digital in the 2nd quarter valued at about $74,000. Quarry LP lifted its holdings in shares of PagSeguro Digital by 156.2% in the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after acquiring an additional 3,806 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of PagSeguro Digital by 26.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock valued at $79,000 after acquiring an additional 1,421 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.