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

PagSeguro Digital Ltd. (NYSE:PAGS)’s share price traded 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. 2,857,297 shares changed hands during trading, a decline of 32% from the average session volume of 4,230,828 shares. The stock had previously closed at $7.05.

Several other equities research analysts have also recently weighed in on PAGS. The Goldman Sachs Group lowered their price objective on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Itau BBA Securities downgraded PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a report on Tuesday, October 1st. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, KeyCorp raised PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.00.

Institutional Trading of PagSeguro Digital

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

PagSeguro Digital Trading Down 4.8 %

The stock’s 50 day moving average is $7.89 and its two-hundred day moving average is $10.16. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth 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.