PagSeguro Digital (NYSE:PAGS) Reaches New 1-Year Low - Time to Sell?

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $6.58 and last traded at $6.59, with a volume of 678801 shares traded. The stock had previously closed at $6.77.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on PAGS shares. Morgan Stanley restated an "underweight" rating and set a $6.50 price target (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Cantor Fitzgerald raised shares of PagSeguro Digital to a "strong-buy" rating in a research report on Thursday, October 3rd. Barclays dropped their price objective on shares of PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. KeyCorp raised shares of PagSeguro Digital to a "hold" rating in a research note on Friday, November 15th. Finally, Bank of America reissued a "neutral" rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.

PagSeguro Digital Stock Performance

The stock has a market capitalization of $2.05 billion, a P/E ratio of 5.14, a PEG ratio of 0.44 and a beta of 1.92. The firm has a fifty day moving average price of $7.86 and a two-hundred day moving average price of $10.12.

Hedge Funds Weigh In On PagSeguro Digital

A number of institutional investors and hedge funds have recently made changes to their positions in PAGS. Y.D. More Investments Ltd increased its position 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 buying an additional 1,800 shares in the last quarter. Family Firm Inc. bought a new stake in PagSeguro Digital during the 2nd quarter worth approximately $50,000. Quarry LP lifted its holdings in PagSeguro Digital by 156.2% during the second 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 bought a new position in shares of PagSeguro Digital in the second quarter worth approximately $74,000. Finally, Nisa Investment Advisors LLC increased its stake in shares of PagSeguro Digital by 26.8% in the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company's stock worth $79,000 after purchasing an additional 1,421 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

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.