PagSeguro Digital (NYSE:PAGS) Shares Gap Down – Time to Sell?

PagSeguro Digital Ltd. (NYSE:PAGS)’s share price 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 traded.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PAGS. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. 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 report on Monday, December 16th. Barclays decreased their price objective on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Finally, Citigroup restated a “neutral” rating and issued a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday. One investment analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.18.

PagSeguro Digital Stock Down 2.9 %

The stock has a market cap of $2.21 billion, a P/E ratio of 5.55, a PEG ratio of 0.40 and a beta of 1.94. The business’s 50 day simple moving average is $7.08 and its two-hundred day simple moving average is $9.37.

Institutional Investors Weigh In On PagSeguro Digital

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. American Century Companies Inc. grew its holdings in shares of PagSeguro Digital by 251.4% during the second quarter. American Century Companies Inc. now owns 1,320,420 shares of the company’s stock worth $15,436,000 after purchasing an additional 944,660 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in PagSeguro Digital by 23.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 390,404 shares of the company’s stock worth $4,564,000 after acquiring an additional 74,499 shares during the last quarter. Edgestream Partners L.P. increased its position in PagSeguro Digital by 136.0% in the 2nd quarter. Edgestream Partners L.P. now owns 82,537 shares of the company’s stock valued at $965,000 after acquiring an additional 47,569 shares during the period. XTX Topco Ltd bought a new position in shares of PagSeguro Digital during the second quarter valued at $361,000. Finally, Skandinaviska Enskilda Banken AB publ lifted its holdings in shares of PagSeguro Digital by 768.4% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 725,100 shares of the company’s stock worth $8,476,000 after purchasing an additional 641,600 shares during the period. Institutional investors own 45.88% of the company’s stock.

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.