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

PagSeguro Digital Ltd. (NYSE:PAGS)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $6.82 and last traded at $7.02, with a volume of 851044 shares traded. The stock had previously closed at $7.10.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on PAGS shares. The Goldman Sachs Group decreased their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, November 15th. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Susquehanna lowered their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday, November 18th. Morgan Stanley reaffirmed an “underweight” rating and set a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Finally, Itau BBA Securities lowered PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Tuesday, October 1st. 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $14.36.

PagSeguro Digital Trading Up 1.4 %

The firm has a market capitalization of $2.32 billion, a PE ratio of 5.83, a P/E/G ratio of 0.44 and a beta of 1.92. The company has a fifty day moving average price of $7.92 and a two-hundred day moving average price of $10.22.

Hedge Funds Weigh In On PagSeguro Digital

Hedge funds have recently modified their holdings of the business. Marshall Wace LLP grew its position 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. State Street Corp boosted its stake in shares of PagSeguro Digital by 50.8% during the third quarter. State Street Corp now owns 5,908,054 shares of the company’s stock worth $50,868,000 after buying an additional 1,990,849 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in shares of PagSeguro Digital by 26.4% during 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 buying an additional 1,144,590 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in PagSeguro Digital in the 3rd quarter valued at about $38,151,000. Finally, Millennium Management LLC raised its stake in PagSeguro Digital by 115.1% during the 2nd 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 last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

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.