PagSeguro Digital (NYSE:PAGS) Research Coverage Started at Jefferies Financial Group

Jefferies Financial Group assumed coverage on shares of PagSeguro Digital (NYSE:PAGS) in a research note published on Thursday, MarketBeat.com reports. The firm issued a hold rating and a $10.40 price objective on the stock.

A number of other research analysts have also recently issued reports on PAGS. Weiss Ratings cut shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Bank of America lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a report on Wednesday, July 15th. Autonomous Res cut shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. decreased their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Finally, Wall Street Zen cut shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, PagSeguro Digital has a consensus rating of “Hold” and a consensus price target of $10.98.

PagSeguro Digital Trading Down 2.6%

Shares of PAGS opened at $9.21 on Thursday. PagSeguro Digital has a 1 year low of $7.74 and a 1 year high of $12.32. The stock has a market cap of $2.58 billion, a P/E ratio of 6.78, a price-to-earnings-growth ratio of 0.45 and a beta of 1.32. The stock’s 50-day moving average price is $9.06 and its two-hundred day moving average price is $9.93.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $642.01 million during the quarter, compared to the consensus estimate of $952.64 million. PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. As a group, equities analysts forecast that PagSeguro Digital will post 1.69 EPS for the current year.

Institutional Trading of PagSeguro Digital

Hedge funds have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. lifted its position in PagSeguro Digital by 108.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock valued at $63,729,000 after acquiring an additional 3,435,211 shares in the last quarter. UBS Group AG increased its holdings in PagSeguro Digital by 97.1% during the 4th quarter. UBS Group AG now owns 1,379,312 shares of the company’s stock worth $13,297,000 after purchasing an additional 679,490 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in PagSeguro Digital during the 4th quarter worth about $2,024,000. Artemis Investment Management LLP increased its holdings in PagSeguro Digital by 25.2% during the 4th quarter. Artemis Investment Management LLP now owns 6,764,422 shares of the company’s stock worth $65,209,000 after purchasing an additional 1,363,223 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of PagSeguro Digital in the 4th quarter valued at about $473,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

About PagSeguro Digital

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.