Zacks Investment Research Lowers PagSeguro Digital (PAGS) to Hold

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Zacks Investment Research downgraded shares of PagSeguro Digital (NYSE:PAGS) from a buy rating to a hold rating in a research note released on Tuesday morning.

According to Zacks, “PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants and small and medium-sized businesses primarily in Brazil and internationally. The Company offers multiple digital payment solutions, in-person payments via point of sales devices and prepaid cards services. PagSeguro Digital Ltd. is headquartered in Sao Paulo, Brazil. “

Other equities analysts also recently issued research reports about the company. Citigroup raised PagSeguro Digital from a sell rating to a neutral rating in a research report on Tuesday, November 13th. ValuEngine downgraded PagSeguro Digital from a buy rating to a hold rating in a research report on Tuesday, November 20th. KeyCorp lowered their price target on PagSeguro Digital from $42.00 to $35.00 and set an overweight rating on the stock in a research report on Friday, November 30th. Finally, Deutsche Bank lowered their price target on PagSeguro Digital from $47.00 to $40.00 and set a buy rating on the stock in a research report on Friday, August 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $33.75.

Shares of NYSE PAGS opened at $21.36 on Tuesday. The company has a market cap of $2.67 billion and a price-to-earnings ratio of 37.47. PagSeguro Digital has a twelve month low of $20.02 and a twelve month high of $39.97.

Several institutional investors have recently bought and sold shares of the company. Legal & General Group Plc grew its position in shares of PagSeguro Digital by 13.7% in the third quarter. Legal & General Group Plc now owns 45,449 shares of the company’s stock valued at $1,258,000 after purchasing an additional 5,464 shares during the last quarter. Lombard Odier Asset Management USA Corp grew its position in shares of PagSeguro Digital by 50.0% in the third quarter. Lombard Odier Asset Management USA Corp now owns 525,000 shares of the company’s stock valued at $14,527,000 after purchasing an additional 174,886 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of PagSeguro Digital by 152.4% in the third quarter. TIAA CREF Investment Management LLC now owns 1,058,608 shares of the company’s stock valued at $29,292,000 after purchasing an additional 639,260 shares during the last quarter. Teachers Advisors LLC grew its position in shares of PagSeguro Digital by 22.8% in the third quarter. Teachers Advisors LLC now owns 600,857 shares of the company’s stock valued at $16,626,000 after purchasing an additional 111,400 shares during the last quarter. Finally, Neuberger Berman Group LLC grew its position in shares of PagSeguro Digital by 139.4% in the third quarter. Neuberger Berman Group LLC now owns 1,042,716 shares of the company’s stock valued at $28,852,000 after purchasing an additional 607,178 shares during the last quarter.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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