PagSeguro Digital (NYSE:PAGS) Trading Down 4.7% on Analyst Downgrade

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report)'s share price dropped 4.7% during trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $16.00 to $11.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. PagSeguro Digital traded as low as $6.68 and last traded at $6.72. Approximately 2,857,297 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 4,230,828 shares. The stock had previously closed at $7.05.

Several other equities analysts have also recently weighed in on the company. Cantor Fitzgerald raised PagSeguro Digital to a "strong-buy" rating in a report on Thursday, October 3rd. Barclays dropped their target price 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. Itau BBA Securities lowered shares of PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 price target for the company. in a research report on Tuesday, October 1st. KeyCorp raised shares of PagSeguro Digital to a "hold" rating in a report on Friday, November 15th. Finally, Susquehanna dropped their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating on the stock in a research note on Monday, November 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, PagSeguro Digital has an average rating of "Moderate Buy" and a consensus price target of $14.00.

Institutional Investors Weigh In On PagSeguro Digital

A number of institutional investors have recently added to or reduced their stakes in the stock. SPX Gestao de Recursos Ltda purchased a new position in shares of PagSeguro Digital during the third quarter valued at about $38,151,000. DGS Capital Management LLC purchased a new position in shares of PagSeguro Digital in the 3rd quarter worth $113,000. Tidal Investments LLC purchased a new stake in shares of PagSeguro Digital during the 3rd quarter valued at about $339,000. Sanctuary Advisors LLC bought a new position in shares of PagSeguro Digital in the 3rd quarter valued at about $157,000. Finally, Virtu Financial LLC purchased a new position in PagSeguro Digital in the third quarter worth about $98,000. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Stock Down 4.8 %

The company has a 50 day simple moving average of $7.89 and a two-hundred day simple moving average of $10.16. The company has a market capitalization of $2.21 billion, a P/E ratio of 5.55, a PEG ratio of 0.44 and a beta of 1.92.

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.