PagSeguro Digital (NYSE:PAGS) Hits New 1-Year Low – Here’s What Happened

PagSeguro Digital Ltd. (NYSE:PAGS)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $6.11 and last traded at $6.20, with a volume of 685592 shares. The stock had previously closed at $6.27.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Susquehanna cut their price objective on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday, November 18th. Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Barclays lowered their price objective on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, The Goldman Sachs Group reduced their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, November 15th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

PagSeguro Digital Price Performance

The business’s fifty day moving average price is $7.17 and its 200 day moving average price is $9.47. The stock has a market cap of $2.10 billion, a P/E ratio of 5.26, a PEG ratio of 0.44 and a beta of 1.94.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in PagSeguro Digital during the 3rd quarter worth approximately $5,716,000. JPMorgan Chase & Co. increased its holdings in PagSeguro Digital by 101.4% in the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock valued at $17,091,000 after purchasing an additional 999,237 shares during the period. Citigroup Inc. raised its position in PagSeguro Digital by 587.0% during the 3rd quarter. Citigroup Inc. now owns 1,052,166 shares of the company’s stock worth $9,059,000 after purchasing an additional 899,010 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in PagSeguro Digital during the 3rd quarter worth $38,151,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in PagSeguro Digital during the 3rd quarter worth about $3,246,000. 45.88% of the stock is currently owned by institutional investors.

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.