Citigroup Reaffirms “Neutral” Rating for PagSeguro Digital (NYSE:PAGS)

PagSeguro Digital (NYSE:PAGS)‘s stock had its “neutral” rating restated by research analysts at Citigroup in a note issued to investors on Thursday, Marketbeat Ratings reports. They currently have a $7.00 price target on the stock, down from their prior price target of $17.00. Citigroup’s price target would indicate a potential upside of 4.09% from the company’s previous close.

PAGS has been the topic of several other research reports. KeyCorp raised PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Itau BBA Securities lowered PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Tuesday, October 1st. JPMorgan Chase & Co. lowered their target price on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. The Goldman Sachs Group lowered their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $13.18.

PagSeguro Digital Price Performance

Shares of PAGS stock opened at $6.73 on Thursday. The business’s fifty day moving average price is $7.02 and its 200 day moving average price is $9.32. PagSeguro Digital has a 1-year low of $6.11 and a 1-year high of $14.98. The firm has a market capitalization of $2.22 billion, a PE ratio of 5.56, a P/E/G ratio of 0.40 and a beta of 1.94.

Hedge Funds Weigh In On PagSeguro Digital

Large investors have recently added to or reduced their stakes in the business. Quarry LP lifted its position in PagSeguro Digital by 156.2% during the second quarter. Quarry LP now owns 6,242 shares of the company’s stock worth $73,000 after buying an additional 3,806 shares during the period. EverSource Wealth Advisors LLC purchased a new position in shares of PagSeguro Digital in the 2nd quarter worth about $74,000. GW Henssler & Associates Ltd. purchased a new position in shares of PagSeguro Digital in the 3rd quarter worth about $87,000. Point72 Hong Kong Ltd raised its holdings in shares of PagSeguro Digital by 34.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock worth $93,000 after purchasing an additional 2,767 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of PagSeguro Digital in the 3rd quarter worth about $98,000. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

About PagSeguro Digital

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.