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

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) shares reached a new 52-week low on Friday . The stock traded as low as $7.14 and last traded at $7.15, with a volume of 2836513 shares. The stock had previously closed at $7.36.

Analysts Set New Price Targets

Several analysts have issued reports on PAGS shares. Morgan Stanley restated an "underweight" rating and set a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Susquehanna lowered their price target on PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating for the company in a report on Monday, November 18th. Barclays reduced their price objective on PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. The Goldman Sachs Group lowered their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Finally, Cantor Fitzgerald raised shares of PagSeguro Digital to a "strong-buy" rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, PagSeguro Digital currently has a consensus rating of "Moderate Buy" and an average price target of $14.36.

PagSeguro Digital Stock Down 3.4 %

The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 5.88, a price-to-earnings-growth ratio of 0.38 and a beta of 1.92. The stock's 50 day moving average is $8.05 and its 200 day moving average is $10.39.

Institutional Investors Weigh In On PagSeguro Digital

Institutional investors and hedge funds have recently bought and sold shares of the business. Tidal Investments LLC acquired a new position in shares of PagSeguro Digital in the 3rd quarter valued at $339,000. Sanctuary Advisors LLC purchased a new stake in PagSeguro Digital during the third quarter valued at about $157,000. Virtu Financial LLC acquired a new position in shares of PagSeguro Digital in the third quarter worth about $98,000. Geode Capital Management LLC boosted its holdings in shares of PagSeguro Digital by 49.1% in the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock worth $29,014,000 after buying an additional 1,113,103 shares during the period. Finally, Barclays PLC increased its position in shares of PagSeguro Digital by 240.0% in the third quarter. Barclays PLC now owns 270,215 shares of the company's stock worth $2,327,000 after acquiring an additional 190,740 shares in the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

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.