PagSeguro Digital (NYSE:PAGS) Shares Gap Down – What’s Next?

PagSeguro Digital Ltd. (NYSE:PAGS) gapped down before the market opened on Thursday . The stock had previously closed at $6.92, but opened at $6.59. PagSeguro Digital shares last traded at $6.67, with a volume of 442,717 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PAGS. Barclays cut their price objective on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. KeyCorp raised PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Itau BBA Securities lowered PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. cut their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $13.18.

PagSeguro Digital Stock Up 1.3 %

The firm has a 50 day moving average of $7.02 and a 200 day moving average of $9.32. The firm has a market cap of $2.22 billion, a PE ratio of 5.56, a P/E/G ratio of 0.40 and a beta of 1.94.

Institutional Investors Weigh In On PagSeguro Digital

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. American Century Companies Inc. increased its stake in PagSeguro Digital by 251.4% in the second quarter. American Century Companies Inc. now owns 1,320,420 shares of the company’s stock valued at $15,436,000 after acquiring an additional 944,660 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of PagSeguro Digital by 23.6% during the second quarter. Envestnet Asset Management Inc. now owns 390,404 shares of the company’s stock worth $4,564,000 after purchasing an additional 74,499 shares during the period. Edgestream Partners L.P. boosted its holdings in shares of PagSeguro Digital by 136.0% during the second quarter. Edgestream Partners L.P. now owns 82,537 shares of the company’s stock worth $965,000 after purchasing an additional 47,569 shares during the period. XTX Topco Ltd purchased a new stake in shares of PagSeguro Digital during the second quarter worth about $361,000. Finally, Skandinaviska Enskilda Banken AB publ grew its holdings in shares of PagSeguro Digital by 768.4% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 725,100 shares of the company’s stock worth $8,476,000 after acquiring an additional 641,600 shares during the period. 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.