PagSeguro Digital Ltd. (NYSE:PAGS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

PagSeguro Digital Ltd. (NYSE:PAGS) has been given an average recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $13.18.

A number of research firms recently weighed in on PAGS. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. JPMorgan Chase & Co. decreased their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Citigroup reaffirmed a “neutral” rating and set a $7.00 price target (down from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. Barclays decreased their price target on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Finally, Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd.

PagSeguro Digital Price Performance

Shares of NYSE:PAGS opened at $7.63 on Friday. The firm has a market capitalization of $2.51 billion, a PE ratio of 6.30, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94. The firm’s 50-day moving average is $6.85 and its two-hundred day moving average is $8.97. PagSeguro Digital has a 1 year low of $6.11 and a 1 year high of $14.98.

Hedge Funds Weigh In On PagSeguro Digital

Several hedge funds and other institutional investors have recently modified their holdings of PAGS. SPX Gestao de Recursos Ltda acquired a new position in shares of PagSeguro Digital in the 3rd quarter valued at about $38,151,000. Millennium Management LLC lifted its position in PagSeguro Digital by 115.1% during the 2nd quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock worth $44,585,000 after acquiring an additional 2,040,704 shares in the last quarter. State Street Corp lifted its position in PagSeguro Digital by 50.8% during the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company’s stock worth $50,868,000 after acquiring an additional 1,990,849 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in PagSeguro Digital by 26.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock worth $47,168,000 after acquiring an additional 1,144,590 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in PagSeguro Digital by 49.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock worth $29,014,000 after acquiring an additional 1,113,103 shares in the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

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.