PagSeguro Digital (NYSE:PAGS) Cut to “Neutral” at Bank of America

Bank of America lowered shares of PagSeguro Digital (NYSE:PAGS) from a buy rating to a neutral rating in a report issued on Wednesday morning, Marketbeat.com reports. The brokerage currently has $10.00 price target on the stock.

A number of other analysts also recently commented on PAGS. Wall Street Zen downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings cut PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. lowered their target price on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Finally, Autonomous Res cut shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, PagSeguro Digital presently has a consensus rating of “Hold” and a consensus price target of $11.10.

PagSeguro Digital Price Performance

NYSE PAGS opened at $9.06 on Wednesday. PagSeguro Digital has a 12 month low of $7.74 and a 12 month high of $12.32. The firm has a market capitalization of $2.53 billion, a PE ratio of 6.66, a P/E/G ratio of 0.45 and a beta of 1.32. The company’s 50 day simple moving average is $9.03 and its 200 day simple moving average is $9.94.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Wednesday, May 13th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $642.01 million for the quarter, compared to the consensus estimate of $952.64 million. PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%. Sell-side analysts anticipate that PagSeguro Digital will post 1.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Unison Advisors LLC grew its stake in shares of PagSeguro Digital by 1.3% in the fourth quarter. Unison Advisors LLC now owns 75,921 shares of the company’s stock worth $732,000 after acquiring an additional 995 shares during the last quarter. GAMMA Investing LLC raised its stake in PagSeguro Digital by 37.0% during the 4th quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock valued at $45,000 after purchasing an additional 1,249 shares during the last quarter. DGS Capital Management LLC boosted its holdings in PagSeguro Digital by 8.7% in the 4th quarter. DGS Capital Management LLC now owns 15,814 shares of the company’s stock valued at $152,000 after purchasing an additional 1,271 shares during the period. Mariner LLC boosted its holdings in PagSeguro Digital by 6.0% in the 4th quarter. Mariner LLC now owns 26,406 shares of the company’s stock valued at $255,000 after purchasing an additional 1,488 shares during the period. Finally, Handelsbanken Fonder AB grew its position in PagSeguro Digital by 4.4% in the 4th quarter. Handelsbanken Fonder AB now owns 42,628 shares of the company’s stock worth $411,000 after purchasing an additional 1,800 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Company Profile

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.