PagSeguro Digital (NYSE:PAGS) Shares Down 4.7% After Analyst Downgrade

PagSeguro Digital Ltd. (NYSE:PAGS) shares fell 4.7% 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. 2,857,297 shares traded hands during trading, a decline of 32% from the average session volume of 4,230,828 shares. The stock had previously closed at $7.05.

A number of other research analysts also recently weighed in on the stock. Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. The Goldman Sachs Group dropped their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Susquehanna lowered their price target on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research report on Monday, November 18th. Finally, KeyCorp raised PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, four have given 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. SPX Gestao de Recursos Ltda bought a new stake in shares of PagSeguro Digital during the third quarter worth approximately $38,151,000. Marshall Wace LLP lifted its holdings in PagSeguro Digital by 55.5% during the 2nd quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock worth $81,770,000 after purchasing an additional 2,497,968 shares during the last quarter. Millennium Management LLC boosted its stake in PagSeguro Digital by 115.1% in the 2nd quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock valued at $44,585,000 after purchasing an additional 2,040,704 shares during the period. State Street Corp grew its holdings in PagSeguro Digital by 50.8% in the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company’s stock valued at $50,868,000 after buying an additional 1,990,849 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in PagSeguro Digital by 26.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock valued at $47,168,000 after buying an additional 1,144,590 shares in the last quarter. 45.88% of the stock is owned by institutional investors.

PagSeguro Digital Trading Down 4.8 %

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

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.