PagSeguro Digital (NYSE:PAGS) Trading Down 6.5%

PagSeguro Digital Ltd (NYSE:PAGS)’s share price fell 6.5% on Monday . The stock traded as low as $31.65 and last traded at $31.75, 6,244,946 shares were traded during mid-day trading. An increase of 156% from the average session volume of 2,434,808 shares. The stock had previously closed at $33.94.

Several research firms recently weighed in on PAGS. Zacks Investment Research upgraded shares of PagSeguro Digital from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd. Evercore ISI dropped their target price on shares of PagSeguro Digital from $65.00 to $56.00 and set an “outperform” rating for the company in a report on Tuesday, October 15th. Cantor Fitzgerald dropped their target price on shares of PagSeguro Digital from $56.00 to $46.00 in a report on Wednesday, November 27th. JPMorgan Chase & Co. downgraded shares of PagSeguro Digital from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $60.00 to $39.00 in a report on Tuesday, November 26th. Finally, KeyCorp dropped their target price on shares of PagSeguro Digital from $60.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. PagSeguro Digital has an average rating of “Buy” and an average price target of $44.44.

The company’s fifty day moving average is $35.70 and its two-hundred day moving average is $41.07. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of 34.75, a P/E/G ratio of 1.18 and a beta of 0.38.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $0.30 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. The business had revenue of $369.11 million during the quarter, compared to the consensus estimate of $362.71 million. PagSeguro Digital had a net margin of 23.77% and a return on equity of 19.33%. Analysts forecast that PagSeguro Digital Ltd will post 1.09 EPS for the current fiscal year.

Large investors have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its stake in shares of PagSeguro Digital by 0.8% in the second quarter. Commonwealth Equity Services LLC now owns 73,492 shares of the company’s stock worth $2,863,000 after acquiring an additional 616 shares in the last quarter. Schroder Investment Management Group grew its stake in shares of PagSeguro Digital by 1.5% in the second quarter. Schroder Investment Management Group now owns 4,090,514 shares of the company’s stock worth $159,407,000 after acquiring an additional 60,469 shares in the last quarter. Chase Investment Counsel Corp acquired a new position in shares of PagSeguro Digital in the second quarter worth $925,000. BNP Paribas Arbitrage SA acquired a new position in shares of PagSeguro Digital in the second quarter worth $246,000. Finally, Advisor Group Inc. grew its stake in shares of PagSeguro Digital by 67.1% in the second quarter. Advisor Group Inc. now owns 43,948 shares of the company’s stock worth $1,713,000 after acquiring an additional 17,649 shares in the last quarter. Institutional investors and hedge funds own 50.18% of the company’s stock.

PagSeguro Digital Company Profile (NYSE:PAGS)

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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