PagSeguro Digital (NYSE:PAGS) Downgraded by Wall Street Zen to Buy

PagSeguro Digital (NYSE:PAGS) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

A number of other analysts have also commented on PAGS. Zacks Research lowered PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a report on Saturday, September 27th. JPMorgan Chase & Co. lifted their price objective on shares of PagSeguro Digital from $12.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Finally, Bank of America upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their target price for the company from $10.00 to $13.00 in a report on Friday, September 19th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $12.33.

PagSeguro Digital Trading Down 2.3%

NYSE PAGS opened at $9.36 on Friday. PagSeguro Digital has a 12-month low of $6.11 and a 12-month high of $11.16. The company has a market cap of $3.08 billion, a P/E ratio of 7.54, a PEG ratio of 0.47 and a beta of 1.57. The company has a fifty day simple moving average of $9.15 and a 200 day simple moving average of $8.96.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. PagSeguro Digital had a net margin of 11.04% and a return on equity of 15.52%. The firm had revenue of $930.17 million during the quarter, compared to analysts’ expectations of $901.10 million. Sell-side analysts predict that PagSeguro Digital will post 1.17 EPS for the current year.

Institutional Trading of PagSeguro Digital

Several hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC boosted its stake in PagSeguro Digital by 6.6% in the second quarter. Acadian Asset Management LLC now owns 7,831,041 shares of the company’s stock valued at $75,445,000 after acquiring an additional 485,575 shares during the last quarter. Nuveen LLC bought a new stake in shares of PagSeguro Digital in the 1st quarter worth approximately $59,603,000. Baupost Group LLC MA purchased a new position in PagSeguro Digital in the second quarter valued at approximately $24,100,000. Orbis Allan Gray Ltd bought a new position in PagSeguro Digital during the second quarter valued at $20,106,000. Finally, JPMorgan Chase & Co. increased its position in PagSeguro Digital by 15.3% in the second quarter. JPMorgan Chase & Co. now owns 1,718,588 shares of the company’s stock worth $16,567,000 after buying an additional 228,633 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

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.