PagSeguro Digital (NYSE:PAGS) Reaches New 52-Week Low - Here's Why

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report)'s share price reached a new 52-week low during trading on Thursday . The stock traded as low as $7.87 and last traded at $7.91, with a volume of 1236339 shares. The stock had previously closed at $8.09.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PAGS. Morgan Stanley restated an "underweight" rating and issued a $6.50 price objective (down previously 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. The Goldman Sachs Group reduced their price objective on PagSeguro Digital from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. 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 research note on Tuesday, October 1st. Finally, Barclays lowered their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating for the company in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.40.

PagSeguro Digital Price Performance

The firm has a market capitalization of $2.58 billion, a P/E ratio of 6.68, a price-to-earnings-growth ratio of 0.44 and a beta of 1.95. The business's 50-day moving average is $8.53 and its 200 day moving average is $10.97.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. The firm had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. During the same quarter in the previous year, the company earned $0.26 EPS. Analysts anticipate that PagSeguro Digital Ltd. will post 1.19 EPS for the current fiscal year.

Hedge Funds Weigh In On PagSeguro Digital

Hedge funds and other institutional investors have recently modified their holdings of the company. Algert Global LLC purchased a new position in shares of PagSeguro Digital during the second quarter valued at approximately $1,212,000. Russell Investments Group Ltd. increased its holdings in PagSeguro Digital by 95.2% during the first quarter. Russell Investments Group Ltd. now owns 1,281,587 shares of the company's stock valued at $18,316,000 after buying an additional 625,023 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of PagSeguro Digital by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company's stock valued at $21,496,000 after buying an additional 92,026 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in PagSeguro Digital by 768.4% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 725,100 shares of the company's stock worth $8,476,000 after buying an additional 641,600 shares during the period. Finally, New Century Financial Group LLC bought a new position in shares of PagSeguro Digital during the third quarter worth $641,000. 45.88% of the stock is currently owned by hedge funds and other 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.