As published in a research note from Citigroup on February 06, 2023, PagSeguro Digital Ltd. [PAGS] has been rated down from a Buy to a Neutral and the price target has been revised to $12 from $17. This represents a 29.5% premium over Thursday’s closing price. Analysts at Credit Suisse downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid January. As of December 21, 2022, New Street has increased its “Neutral” rating to a “Buy” for PAGS. Earlier on December 07, 2022, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for PAGS stock which previously was a “an Overweight”.
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Analyzing PAGS Stock Performance
On Thursday, PagSeguro Digital Ltd. [NYSE: PAGS] plunged -1.17% to $8.46. The stock’s lowest price that day was $8.29, but it reached a high of $8.59 in the same session. During the last five days, there has been a drop of approximately -6.21%. Over the course of the year, PagSeguro Digital Ltd. shares have dropped approximately -3.20%. Shares of the company reached a 52-week high of $10.75 on 02/02/23 and a 52-week low of $8.19 on 01/03/23. A 50-day SMA is recorded $9.09, while a 200-day SMA reached $11.96. Nevertheless, trading volume fell to 5.11 million shares from 1.93 million shares the previous day.
Support And Resistance Levels for PagSeguro Digital Ltd. (PAGS)
According to the 24-hour chart, there is a support level at 8.30, which, if violated, would cause prices to drop to 8.15. In the upper region, resistance lies at 8.60. The next price resistance is at 8.75. RSI (Relative Strength Index) is 35.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.44, which suggests the price will decrease in the coming days. Percent R is at 87.81%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is PagSeguro Digital Ltd. subject to short interest?
Stocks of PagSeguro Digital Ltd. saw a sharp rise in short interest on Jan 12, 2023 jumping by 3.97 million shares to 8.84 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 4.87 million shares. A jump of 44.91% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.17 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.17.
Which companies own the most shares of PagSeguro Digital Ltd. (PAGS)?
According to Capital Research & Management Co filings, the company currently owns 24,528,462 shares, which is about 12.28% of the total PAGS shares outstanding. The investor’s shares have appreciated by 50,188 from its previous 13-F filing of 24478274.0 shares. Sylebra Capital Ltd. acquire a 21.17% interest valued at $129.68 million while Point72 Asset Management LP purchased a 2,739,474 stake. A total of 149,462 shares of PagSeguro Digital Ltd. were bought by Tekne Capital Management LLC during the quarter, and 6,226,103 were bought by Norges Bank Investment Management. In its current portfolio, Sands Capital Management LLC holds 5,532,915 shares valued at $55.83 million.
In terms of PagSeguro Digital Ltd. share price expectations, FactSet research, analysts set an average price target of $75.28 in the next 12 months, up nearly 621.26% from the previous closing price of $8.56. Analysts anticipate PagSeguro Digital Ltd. stock to reach $210.07 by 2023, with the lowest price target being $40.79. In spite of this, 22 analysts ranked PagSeguro Digital Ltd. stock as an Overweight at the end of 2023. On December 01, 2022, Goldman assigned a price target of “a Sell” to the stock and downgraded coverage with a $9.