PagSeguro Digital (NYSE:PAGS) Hits New 12-Month Low – Should You Sell?

PagSeguro Digital Ltd. (NYSE:PAGS)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $6.58 and last traded at $6.59, with a volume of 678801 shares traded. The stock had previously closed at $6.77.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PAGS shares. Itau BBA Securities lowered 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. Susquehanna dropped their price objective 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. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Morgan Stanley reiterated an “underweight” rating and issued a $6.50 price target (down from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Finally, Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $14.00.

PagSeguro Digital Trading Down 2.8 %

The stock’s 50-day moving average is $7.89 and its two-hundred day moving average is $10.16. The company has a market capitalization of $2.17 billion, a PE ratio of 5.60, a price-to-earnings-growth ratio of 0.44 and a beta of 1.92.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Y.D. More Investments Ltd increased its holdings in PagSeguro Digital by 82.5% during the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after buying an additional 1,800 shares during the period. Family Firm Inc. acquired a new position in shares of PagSeguro Digital during the second quarter worth $50,000. EverSource Wealth Advisors LLC acquired a new stake in shares of PagSeguro Digital in the 2nd quarter worth $74,000. Quarry LP raised its stake in PagSeguro Digital by 156.2% in the second quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after buying an additional 3,806 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in shares of PagSeguro Digital by 26.8% during the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock worth $79,000 after acquiring an additional 1,421 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

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.