PagSeguro Digital (NYSE:PAGS) Stock Price Down 3.8% – Here’s Why

PagSeguro Digital Ltd. (NYSE:PAGS)’s stock price traded down 3.8% during mid-day trading on Wednesday . The company traded as low as $8.19 and last traded at $8.19. 783,988 shares changed hands during trading, a decline of 80% from the average session volume of 3,893,055 shares. The stock had previously closed at $8.51.

Analyst Ratings Changes

A number of research firms have weighed in on PAGS. The Goldman Sachs Group reduced their target price on PagSeguro Digital from $16.00 to $14.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. 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 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. Finally, Itau BBA Securities cut PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.40.

PagSeguro Digital Price Performance

The stock has a market cap of $2.58 billion, a PE ratio of 6.68, a price-to-earnings-growth ratio of 0.42 and a beta of 1.95. The stock has a 50-day moving average price of $8.53 and a two-hundred day moving average price of $10.97.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $874.38 million during the quarter, compared to analyst estimates of $816.34 million. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. During the same quarter last year, the business posted $0.26 earnings per share. Equities research analysts expect that PagSeguro Digital Ltd. will post 1.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PAGS. Headlands Technologies LLC bought a new position in shares of PagSeguro Digital in the 1st quarter valued at about $30,000. Y.D. More Investments Ltd lifted its stake in PagSeguro Digital by 82.5% in 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. bought a new stake in PagSeguro Digital in the second quarter worth about $50,000. Covestor Ltd lifted its stake in PagSeguro Digital by 11,990.2% in the first quarter. Covestor Ltd now owns 4,957 shares of the company’s stock worth $71,000 after purchasing an additional 4,916 shares during the last quarter. Finally, Quarry LP lifted its stake in PagSeguro Digital by 156.2% in the second quarter. Quarry LP now owns 6,242 shares of the company’s stock worth $73,000 after purchasing an additional 3,806 shares during the last quarter. Institutional investors 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.