PagSeguro Digital Ltd. (NYSE:PAGS) Given Average Recommendation of “Moderate Buy” by Brokerages

PagSeguro Digital Ltd. (NYSE:PAGS) has been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $13.18.

Several brokerages recently commented on PAGS. The Goldman Sachs Group reduced their price objective 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. Citigroup reiterated a “neutral” rating and issued a $7.00 price objective (down previously from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. JPMorgan Chase & Co. cut their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Susquehanna cut their target price on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, November 18th. Finally, Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th.

PagSeguro Digital Stock Up 4.1 %

Shares of NYSE PAGS opened at $8.06 on Tuesday. PagSeguro Digital has a 52 week low of $6.11 and a 52 week high of $14.98. The firm has a 50-day moving average price of $6.87 and a 200 day moving average price of $8.45. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 6.66, a price-to-earnings-growth ratio of 0.48 and a beta of 1.95.

Institutional Investors Weigh In On PagSeguro Digital

Institutional investors have recently bought and sold shares of the stock. Voloridge Investment Management LLC lifted its position in PagSeguro Digital by 53.9% during the fourth quarter. Voloridge Investment Management LLC now owns 2,766,492 shares of the company’s stock valued at $17,318,000 after buying an additional 968,926 shares in the last quarter. Sone Capital Management LLC acquired a new position in PagSeguro Digital during the fourth quarter valued at approximately $3,174,000. Wexford Capital LP acquired a new position in PagSeguro Digital during the fourth quarter valued at approximately $90,000. Tidal Investments LLC lifted its position in PagSeguro Digital by 26.6% during the fourth quarter. Tidal Investments LLC now owns 49,864 shares of the company’s stock valued at $312,000 after buying an additional 10,478 shares in the last quarter. Finally, Teza Capital Management LLC acquired a new position in PagSeguro Digital during the fourth quarter valued at approximately $354,000. 45.88% of the stock is currently 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.