PagSeguro Digital (NYSE:PAGS) Trading Down 5.2% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on PAGS shares. Zacks Research lowered shares of PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Susquehanna raised their price objective on shares of PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a research report on Friday, November 14th. Wall Street Zen lowered shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research note on Saturday, October 4th. UBS Group increased their target price on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a “buy” rating in a research note on Tuesday, November 25th. Finally, Bank of America upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their price target for the company from $10.00 to $13.00 in a research report on Friday, September 19th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and an average target price of $11.71.

PagSeguro Digital Trading Down 5.8%

The stock has a fifty day simple moving average of $9.54 and a two-hundred day simple moving average of $9.15. The company has a market cap 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.

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

Hedge Funds Weigh In On PagSeguro Digital

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. purchased a new position in shares of PagSeguro Digital in the 1st quarter valued at about $26,000. GAMMA Investing LLC grew its position in PagSeguro Digital by 61.2% during the second quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock worth $34,000 after buying an additional 1,333 shares during the period. CWM LLC increased its holdings in PagSeguro Digital by 78.1% in the second quarter. CWM LLC now owns 4,073 shares of the company’s stock valued at $39,000 after buying an additional 1,786 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of PagSeguro Digital during the 3rd quarter valued at approximately $46,000. Finally, Virtus Advisers LLC purchased a new stake in shares of PagSeguro Digital during the 2nd quarter worth approximately $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.