PagSeguro Digital’s (PAGS) Neutral Rating Reiterated at Citigroup

Citigroup restated their neutral rating on shares of PagSeguro Digital (NYSE:PAGS) in a research note published on Thursday morning, MarketBeat reports. The brokerage currently has a $7.00 price objective on the stock, down from their prior price objective of $17.00.

Several other equities research analysts have also recently commented on PAGS. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. The Goldman Sachs Group reduced their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Barclays lowered their target price 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, Susquehanna lowered their price objective on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.18.

PagSeguro Digital Stock Performance

PagSeguro Digital stock opened at $6.73 on Thursday. PagSeguro Digital has a fifty-two week low of $6.11 and a fifty-two week high of $14.98. The stock has a 50-day simple moving average of $7.02 and a 200-day simple moving average of $9.30. The company has a market capitalization of $2.22 billion, a P/E ratio of 5.56, a PEG ratio of 0.40 and a beta of 1.94.

Institutional Trading of PagSeguro Digital

A number of hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new stake in shares of PagSeguro Digital in the 2nd quarter valued at approximately $74,000. Quarry LP raised its holdings in shares of PagSeguro Digital by 156.2% during the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after purchasing an additional 3,806 shares in the last quarter. GW Henssler & Associates Ltd. bought a new stake in PagSeguro Digital in the third quarter worth $87,000. Point72 Hong Kong Ltd increased its position in PagSeguro Digital by 34.6% during the third quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock worth $93,000 after buying an additional 2,767 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in PagSeguro Digital during the third quarter valued at about $98,000. 45.88% of the stock is owned by hedge funds and other 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.