UBS Group Issues Positive Forecast for PagSeguro Digital (NYSE:PAGS) Stock Price

PagSeguro Digital (NYSE:PAGS) had its price target raised by analysts at UBS Group from $12.00 to $13.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 35.63% from the company’s current price.

PAGS has been the topic of a number of other reports. Susquehanna raised their target price on PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research note on Friday, November 14th. Zacks Research downgraded shares of PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 19th. Bank of America upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their target price for the company from $10.00 to $13.00 in a report on Friday, September 19th. Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 4th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, PagSeguro Digital has a consensus rating of “Moderate Buy” and a consensus target price of $11.71.

PagSeguro Digital Stock Performance

PAGS stock traded down $0.26 on Tuesday, reaching $9.59. The company had a trading volume of 2,882,657 shares, compared to its average volume of 5,017,215. PagSeguro Digital has a 1 year low of $6.11 and a 1 year high of $11.16. The company’s fifty day moving average is $9.57 and its 200 day moving average is $9.12. The company has a market cap of $3.16 billion, a P/E ratio of 7.43, a PEG ratio of 0.49 and a beta of 1.59.

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

Institutional Trading of PagSeguro Digital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAGS. Unison Advisors LLC lifted its holdings in PagSeguro Digital by 1.5% during the third quarter. Unison Advisors LLC now owns 74,926 shares of the company’s stock valued at $749,000 after purchasing an additional 1,126 shares during the last quarter. CWM LLC increased its holdings in shares of PagSeguro Digital by 29.0% in the third quarter. CWM LLC now owns 5,255 shares of the company’s stock worth $53,000 after buying an additional 1,182 shares during the period. GAMMA Investing LLC lifted its position in PagSeguro Digital by 61.2% in the second quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock valued at $34,000 after purchasing an additional 1,333 shares during the last quarter. Rhumbline Advisers raised its holdings in PagSeguro Digital by 0.5% during the 2nd quarter. Rhumbline Advisers now owns 275,244 shares of the company’s stock valued at $2,653,000 after buying an additional 1,367 shares during the last quarter. Finally, Waterfront Wealth Inc. increased its stake in shares of PagSeguro Digital by 0.5% during the second quarter. Waterfront Wealth Inc. now owns 275,967 shares of the company’s stock valued at $2,660,000 after buying an additional 1,448 shares during the period. 45.88% of the stock is 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.