PagSeguro Digital (NYSE:PAGS) Stock Price Down 5.2% – Here’s Why

PagSeguro Digital Ltd. (NYSE:PAGS)’s stock price dropped 5.2% during trading on Wednesday . The company traded as low as $10.33 and last traded at $10.3650. Approximately 4,347,578 shares changed hands during mid-day trading, a decline of 13% from the average daily volume of 5,016,449 shares. The stock had previously closed at $10.93.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Susquehanna upped their price target on PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, November 14th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $9.00 target price (down previously from $12.00) on shares of PagSeguro Digital in a research report on Tuesday, October 14th. Zacks Research downgraded shares of PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 19th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a research report on Wednesday, October 8th. Finally, UBS Group boosted their target price on PagSeguro Digital from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Tuesday, November 25th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $11.71.

PagSeguro Digital Stock Down 5.8%

The stock has a market capitalization of $3.39 billion, a PE ratio of 7.98, a price-to-earnings-growth ratio of 0.53 and a beta of 1.45. The stock has a fifty day moving average of $9.54 and a 200-day moving average of $9.15.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $937.15 million for the quarter, compared to analyst estimates of $971.30 million. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%. Equities research analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. acquired a new stake in shares of PagSeguro Digital during the 1st quarter worth about $26,000. GAMMA Investing LLC increased its stake in PagSeguro Digital by 61.2% in the second quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock valued at $34,000 after purchasing an additional 1,333 shares during the last quarter. CWM LLC raised its holdings in PagSeguro Digital by 78.1% during the second quarter. CWM LLC now owns 4,073 shares of the company’s stock worth $39,000 after purchasing an additional 1,786 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in shares of PagSeguro Digital in the 3rd quarter valued at $46,000. Finally, Virtus Advisers LLC acquired a new stake in shares of PagSeguro Digital during the second quarter worth about $51,000. 45.88% of the stock is 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.