PagSeguro Digital (NYSE:PAGS) Shares Down 10.7%

Posted by on Jun 16th, 2022

PagSeguro Digital Ltd. (NYSE:PAGS – Get Rating) shares traded down 10.7% during trading on Thursday . The stock traded as low as $10.56 and last traded at $10.56. 40,758 shares changed hands during trading, a decline of 99% from the average session volume of 3,965,655 shares. The stock had previously closed at $11.82.

Several analysts have commented on the company. The Goldman Sachs Group cut their target price on PagSeguro Digital from $27.00 to $19.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 20th. Piper Sandler began coverage on PagSeguro Digital in a report on Wednesday, April 13th. They issued an “overweight” rating and a $22.00 target price on the stock. Wells Fargo & Company decreased their target price on PagSeguro Digital from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, June 9th. Itaú Unibanco raised PagSeguro Digital from a “market perform” rating to an “outperform” rating and set a $31.00 price target on the stock in a report on Wednesday, March 30th. Finally, Evercore ISI assumed coverage on PagSeguro Digital in a research report on Friday, February 18th. They set a “hold” rating and a $19.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $27.31.

The company has a market cap of $3.53 billion, a price-to-earnings ratio of 14.87, a P/E/G ratio of 0.59 and a beta of 1.67. The stock’s fifty day simple moving average is $14.63 and its 200 day simple moving average is $18.64.

PagSeguro Digital (NYSE:PAGS – Get Rating) last posted its quarterly earnings results on Tuesday, March 22nd. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. PagSeguro Digital had a net margin of 10.56% and a return on equity of 14.81%. The business had revenue of $579.92 million during the quarter, compared to analysts’ expectations of $530.40 million. As a group, equities research analysts expect that PagSeguro Digital Ltd. will post 0.9 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in PAGS. Provida Pension Fund Administrator acquired a new stake in PagSeguro Digital during the 4th quarter worth $52,000. Bellwether Advisors LLC purchased a new position in PagSeguro Digital during the 4th quarter worth $34,000. Marshall Wace LLP purchased a new position in PagSeguro Digital during the 4th quarter worth $46,000. Asset Management One Co. Ltd. grew its position in PagSeguro Digital by 77.0% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,829 shares of the company’s stock worth $72,000 after purchasing an additional 1,231 shares during the last quarter. Finally, Advisors Asset Management Inc. purchased a new stake in shares of PagSeguro Digital in the first quarter valued at about $66,000. Institutional investors own 57.31% of the company’s stock.

PagSeguro Digital Company Profile (NYSE:PAGS)

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 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.

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