Analysts Set PagSeguro Digital Ltd. (NYSE:PAGS) PT at $14.40

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have been assigned a consensus recommendation of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $14.40.

PAGS has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price target on PagSeguro Digital from $16.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Morgan Stanley reaffirmed an “underweight” rating and issued a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research report on Tuesday, October 1st. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Barclays dropped their target price on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th.

PagSeguro Digital Stock Performance

Shares of PagSeguro Digital stock opened at $8.51 on Friday. The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 0.42 and a beta of 1.95. The company has a fifty day moving average of $8.62 and a 200-day moving average of $11.02. PagSeguro Digital has a 52-week low of $7.81 and a 52-week high of $14.98.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. The firm had revenue of $874.38 million for the quarter, compared to analysts’ expectations of $816.34 million. During the same period last year, the firm earned $0.26 earnings per share. On average, equities research analysts forecast that PagSeguro Digital will post 1.19 earnings per share for the current fiscal year.

Institutional Trading of PagSeguro Digital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC raised its position in shares of PagSeguro Digital by 26.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock worth $79,000 after acquiring an additional 1,421 shares in the last quarter. Y.D. More Investments Ltd raised its holdings in PagSeguro Digital by 82.5% in the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after purchasing an additional 1,800 shares in the last quarter. Headlands Technologies LLC purchased a new position in PagSeguro Digital during the first quarter valued at $30,000. Los Angeles Capital Management LLC boosted its holdings in shares of PagSeguro Digital by 1.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company’s stock valued at $1,297,000 after buying an additional 2,083 shares in the last quarter. Finally, Csenge Advisory Group grew its position in shares of PagSeguro Digital by 21.0% in the 2nd quarter. Csenge Advisory Group now owns 12,410 shares of the company’s stock worth $145,000 after buying an additional 2,152 shares during the period. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

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.