PagSeguro Digital (NYSE:PAGS) Price Target Lowered to $11.00 at JPMorgan Chase & Co.

PagSeguro Digital (NYSE:PAGS) had its target price reduced by JPMorgan Chase & Co. from $16.00 to $11.00 in a research report report published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

PAGS has been the topic of a number of other reports. Susquehanna cut their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research note on Monday, November 18th. Cantor Fitzgerald raised shares of PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Morgan Stanley reaffirmed an “underweight” rating and issued a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Finally, Itau BBA Securities downgraded 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

PagSeguro Digital Stock Down 8.1 %

PagSeguro Digital stock opened at $6.22 on Monday. PagSeguro Digital has a twelve month low of $6.18 and a twelve month high of $14.98. The company has a market capitalization of $2.05 billion, a P/E ratio of 5.14, a PEG ratio of 0.44 and a beta of 1.92. The stock’s 50 day moving average is $7.86 and its 200 day moving average is $10.12.

Institutional Investors Weigh In On PagSeguro Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAGS. SPX Gestao de Recursos Ltda purchased a new stake in PagSeguro Digital during the 3rd quarter valued at $38,151,000. Marshall Wace LLP increased its position in PagSeguro Digital by 55.5% during the second quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock valued at $81,770,000 after acquiring an additional 2,497,968 shares during the last quarter. Millennium Management LLC lifted its holdings in PagSeguro Digital by 115.1% in the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock valued at $44,585,000 after acquiring an additional 2,040,704 shares during the period. State Street Corp lifted its holdings in PagSeguro Digital by 50.8% in the third quarter. State Street Corp now owns 5,908,054 shares of the company’s stock valued at $50,868,000 after acquiring an additional 1,990,849 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in PagSeguro Digital by 26.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock worth $47,168,000 after purchasing an additional 1,144,590 shares during the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

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.