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

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $15.11.

Several research analysts have issued reports on the company. The Goldman Sachs Group upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, June 26th. Barclays reduced their price objective on shares of PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. JPMorgan Chase & Co. boosted their price objective on shares of PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. UBS Group dropped their target price on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a report on Monday, July 8th. Finally, Morgan Stanley reissued an “underweight” rating and set a $6.50 price target (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th.

Institutional Investors Weigh In On PagSeguro Digital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Nisa Investment Advisors LLC increased its position in PagSeguro Digital by 26.8% during the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock worth $79,000 after buying an additional 1,421 shares in the last quarter. Y.D. More Investments Ltd increased its position in PagSeguro Digital by 82.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after purchasing an additional 1,800 shares in the last quarter. Headlands Technologies LLC purchased a new stake in PagSeguro Digital during the 1st quarter worth about $30,000. Los Angeles Capital Management LLC raised its stake in PagSeguro Digital by 1.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company’s stock valued at $1,297,000 after purchasing an additional 2,083 shares during the last quarter. Finally, Csenge Advisory Group lifted its holdings in PagSeguro Digital by 21.0% in the 2nd quarter. Csenge Advisory Group now owns 12,410 shares of the company’s stock valued at $145,000 after purchasing an additional 2,152 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Price Performance

Shares of NYSE PAGS opened at $8.94 on Friday. The stock has a fifty day moving average price of $11.29 and a 200 day moving average price of $12.15. PagSeguro Digital has a 1-year low of $6.93 and a 1-year high of $14.98. The company has a market cap of $2.95 billion, a PE ratio of 8.05, a P/E/G ratio of 0.47 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $874.38 million for the quarter, compared to analysts’ expectations of $816.34 million. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. During the same quarter in the previous year, the firm posted $0.26 EPS. Analysts anticipate that PagSeguro Digital will post 1.19 earnings per share for the current fiscal year.

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.