PagSeguro Digital (NYSE:PAGS) Reaches New 1-Year Low – Should You Sell?

PagSeguro Digital Ltd. (NYSE:PAGS)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $7.23 and last traded at $7.24, with a volume of 1753743 shares traded. The stock had previously closed at $7.78.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Barclays lowered their target price on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Morgan Stanley reaffirmed an “underweight” rating and issued a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Itau BBA Securities downgraded PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research note on Tuesday, October 1st. Finally, Susquehanna lowered their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research note on Monday, November 18th. One investment analyst has rated the stock with a sell rating, three 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 an average rating of “Moderate Buy” and an average target price of $14.36.

PagSeguro Digital Stock Performance

The firm has a market capitalization of $2.42 billion, a PE ratio of 5.98, a price-to-earnings-growth ratio of 0.40 and a beta of 1.95. The firm’s 50-day moving average is $8.25 and its 200 day moving average is $10.63.

Institutional Investors Weigh In On PagSeguro Digital

A number of large investors have recently bought and sold shares of PAGS. Y.D. More Investments Ltd lifted its position in shares of PagSeguro Digital by 82.5% in the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after acquiring an additional 1,800 shares in the last quarter. Family Firm Inc. acquired a new position in PagSeguro Digital in the 2nd quarter valued at about $50,000. Quarry LP lifted its holdings in 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 purchasing an additional 3,806 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new stake in shares of PagSeguro Digital during the 2nd quarter worth about $74,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of PagSeguro Digital by 26.8% during 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 in 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.