PagSeguro Digital (NYSE:PAGS) Stock Price Expected to Rise, UBS Group Analyst Says

PagSeguro Digital (NYSE:PAGS) had its price target raised by stock analysts at UBS Group from $13.00 to $14.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s target price would suggest a potential upside of 20.12% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Susquehanna lifted their price target on shares of PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, November 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a research report on Thursday, January 22nd. Wall Street Zen cut shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $9.00 price objective (down from $12.00) on shares of PagSeguro Digital in a research note on Tuesday, October 14th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, PagSeguro Digital presently has an average rating of “Moderate Buy” and a consensus price target of $11.86.

PagSeguro Digital Stock Down 1.5%

PagSeguro Digital stock traded down $0.18 during trading hours on Wednesday, hitting $11.66. The stock had a trading volume of 837,199 shares, compared to its average volume of 3,671,790. The business’s 50 day simple moving average is $10.06 and its 200-day simple moving average is $9.44. PagSeguro Digital has a one year low of $6.70 and a one year high of $12.10. The stock has a market cap of $3.73 billion, a price-to-earnings ratio of 9.06, a P/E/G ratio of 0.48 and a beta of 1.41.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $937.15 million during the quarter, compared to analysts’ expectations of $971.30 million. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%. Research analysts anticipate that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PAGS. Robeco Institutional Asset Management B.V. increased its stake in shares of 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 worth $63,729,000 after acquiring an additional 3,435,211 shares in the last quarter. Maple Rock Capital Partners Inc. purchased a new stake in PagSeguro Digital during the 3rd quarter valued at $28,011,000. Baupost Group LLC MA bought a new stake in PagSeguro Digital in the 2nd quarter worth about $24,100,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of PagSeguro Digital by 5,302.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 2,156,848 shares of the company’s stock valued at $21,568,000 after acquiring an additional 2,116,925 shares during the last quarter. Finally, Orbis Allan Gray Ltd bought a new position in PagSeguro Digital during the second quarter valued at approximately $20,106,000. 45.88% of the stock is owned by hedge funds and other institutional investors.

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.