PagSeguro Digital (NYSE:PAGS) Hits New 52-Week Low – Here’s What Happened

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on PAGS. Susquehanna reduced their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research report on Monday, November 18th. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. The Goldman Sachs Group cut their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock 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. Finally, Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, PagSeguro Digital currently has an average rating of “Moderate Buy” and an average target price of $14.36.

PagSeguro Digital Stock Performance

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Y.D. More Investments Ltd lifted its stake in 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 purchasing an additional 1,800 shares during the last quarter. Family Firm Inc. acquired a new position in shares of PagSeguro Digital in the 2nd quarter valued at $50,000. Quarry LP boosted 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 buying an additional 3,806 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in shares of PagSeguro Digital in the 2nd quarter valued at $74,000. Finally, Nisa Investment Advisors LLC lifted its position in PagSeguro Digital by 26.8% in the second 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. 45.88% of the stock is owned by institutional investors and hedge funds.

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.