Brokerages Set PagSeguro Digital Ltd. (NYSE:PAGS) Target Price at $10.98

PagSeguro Digital Ltd. (NYSE:PAGS) has received an average recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $10.9833.

A number of equities research analysts recently weighed in on the company. Wall Street Zen cut PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Autonomous Res downgraded PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lowered their target price on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Weiss Ratings cut PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Finally, UBS Group decreased their price objective on shares of PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating on the stock in a research report on Friday, July 17th.

PagSeguro Digital Stock Down 2.0%

Shares of PAGS opened at $9.64 on Tuesday. PagSeguro Digital has a 52-week low of $7.74 and a 52-week high of $12.32. The company has a 50-day simple moving average of $9.10 and a 200-day simple moving average of $9.92. The company has a market capitalization of $2.70 billion, a PE ratio of 7.09, a P/E/G ratio of 0.47 and a beta of 1.32.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%.The company had revenue of $642.01 million for the quarter, compared to analyst estimates of $952.64 million. On average, research analysts anticipate that PagSeguro Digital will post 1.69 EPS for the current year.

Insider Activity

In other news, insider Da Silva Ricardo Dutra sold 25,000 shares of the stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $9.24, for a total value of $231,000.00. Following the sale, the insider directly owned 25,000 shares in the company, valued at $231,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Investors Weigh In On PagSeguro Digital

Large investors have recently bought and sold shares of the stock. Confluence Investment Management LLC purchased a new stake in shares of PagSeguro Digital in the second quarter valued at $125,000. Bank of America Corp DE raised its stake in PagSeguro Digital by 15.4% in the 1st quarter. Bank of America Corp DE now owns 479,554 shares of the company’s stock valued at $4,805,000 after purchasing an additional 63,981 shares during the last quarter. Amundi lifted its holdings in PagSeguro Digital by 6.0% in the 1st quarter. Amundi now owns 54,586 shares of the company’s stock valued at $547,000 after purchasing an additional 3,067 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of PagSeguro Digital by 3.7% during the 1st quarter. Royal Bank of Canada now owns 56,092 shares of the company’s stock worth $562,000 after purchasing an additional 1,998 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of PagSeguro Digital by 25.1% during the first quarter. Quantinno Capital Management LP now owns 103,994 shares of the company’s stock worth $1,042,000 after buying an additional 20,893 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.