PagSeguro Digital (NYSE:PAGS) Reaches New 52-Week Low – Time to Sell?

PagSeguro Digital Ltd. (NYSE:PAGS)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $7.87 and last traded at $7.91, with a volume of 1236339 shares changing hands. The stock had previously closed at $8.09.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PAGS. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group decreased their price target on shares of PagSeguro Digital from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Itau BBA Securities downgraded shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a research report on Tuesday, October 1st. Morgan Stanley reissued an “underweight” rating and set a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Finally, Barclays cut their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.40.

PagSeguro Digital Stock Down 3.2 %

The firm has a market capitalization of $2.58 billion, a PE ratio of 6.91, a PEG ratio of 0.44 and a beta of 1.95. The stock has a 50-day moving average price of $8.57 and a 200 day moving average price of $11.00.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. The business had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. During the same period last year, the firm posted $0.26 earnings per share. As a group, equities analysts predict that PagSeguro Digital Ltd. will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PagSeguro Digital

Institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position 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 valued at $79,000 after buying an additional 1,421 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in PagSeguro Digital by 82.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after purchasing an additional 1,800 shares in the last quarter. Truvestments Capital LLC boosted its holdings in shares of PagSeguro Digital by 9.9% during the 3rd quarter. Truvestments Capital LLC now owns 21,410 shares of the company’s stock worth $184,000 after purchasing an additional 1,923 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of PagSeguro Digital in the first quarter valued at approximately $30,000. Finally, Los Angeles Capital Management LLC increased its holdings in shares of PagSeguro Digital by 1.9% in the second quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company’s stock valued at $1,297,000 after purchasing an additional 2,083 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

About PagSeguro Digital

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.