PagSeguro Digital Ltd. (NYSE:PAGS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $14.40.

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

PagSeguro Digital Stock Down 3.3 %

PagSeguro Digital stock opened at $7.82 on Friday. The company has a 50 day moving average of $8.53 and a 200-day moving average of $10.97. PagSeguro Digital has a twelve month low of $7.62 and a twelve month high of $14.98. The stock has a market capitalization of $2.58 billion, a PE ratio of 6.68, a price-to-earnings-growth ratio of 0.44 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $874.38 million during the quarter, compared to analysts’ expectations of $816.34 million. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. During the same quarter in the prior year, the company earned $0.26 EPS. Equities analysts anticipate that PagSeguro Digital will post 1.19 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PAGS. Headlands Technologies LLC acquired a new stake in PagSeguro Digital during the 1st quarter valued at $30,000. Y.D. More Investments Ltd lifted its stake in shares of PagSeguro Digital by 82.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after buying an additional 1,800 shares during the last quarter. Family Firm Inc. bought a new stake in shares of PagSeguro Digital during the 2nd quarter worth about $50,000. Covestor Ltd grew its stake in PagSeguro Digital by 11,990.2% in the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after buying an additional 4,916 shares during the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in PagSeguro Digital in the 2nd quarter valued at about $74,000. 45.88% of the stock is currently owned by 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.