PagSeguro Digital (NYSE:PAGS) Trading Down 3.8% - Should You Sell?

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) shares were down 3.8% on Thursday . The stock traded as low as $8.55 and last traded at $8.76. Approximately 722,836 shares changed hands during trading, a decline of 86% from the average daily volume of 5,146,831 shares. The stock had previously closed at $9.11.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Citigroup upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and upped their target price for the stock from $7.00 to $10.00 in a report on Tuesday, April 22nd. Susquehanna dropped their price objective on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating on the stock in a research note on Wednesday, May 14th. Finally, Barclays reduced their target price on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $11.63.

PagSeguro Digital Stock Down 1.9%

The business has a fifty day moving average price of $9.01 and a 200-day moving average price of $7.89. The company has a market cap of $2.75 billion, a P/E ratio of 6.90, a PEG ratio of 0.51 and a beta of 1.58.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.02. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The business had revenue of $857.50 million during the quarter, compared to the consensus estimate of $914.45 million. As a group, research analysts expect that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Dividend Announcement

The firm also recently announced a -- dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a $0.14 dividend. The ex-dividend date was Friday, May 23rd. PagSeguro Digital's payout ratio is presently 11.48%.

Hedge Funds Weigh In On PagSeguro Digital

A number of hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new position in shares of PagSeguro Digital during the 1st quarter worth approximately $26,000. Signaturefd LLC boosted its stake in shares of PagSeguro Digital by 1,306.5% in the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after buying an additional 4,233 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in PagSeguro Digital by 626.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock worth $39,000 after buying an additional 4,435 shares in the last quarter. State of Wyoming increased its stake in PagSeguro Digital by 32.8% during the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock worth $40,000 after acquiring an additional 1,591 shares during the period. Finally, Harbor Capital Advisors Inc. raised its holdings in PagSeguro Digital by 166.9% in the 1st quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company's stock valued at $51,000 after acquiring an additional 4,180 shares in the last quarter. 45.88% of the stock is owned by institutional investors.

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.