PagSeguro Digital (NYSE:PAGS) Earns “Neutral” Rating from Bank of America

PagSeguro Digital (NYSE:PAGS)‘s stock had its “neutral” rating reaffirmed by equities researchers at Bank of America in a research note issued on Tuesday.

Several other analysts have also recently weighed in on PAGS. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. KeyCorp raised PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Itau BBA Securities downgraded shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a research note on Tuesday, October 1st. Susquehanna lowered their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research report on Monday, November 18th. Finally, The Goldman Sachs Group cut their price objective on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.36.

PagSeguro Digital Stock Up 0.5 %

PagSeguro Digital stock opened at $7.15 on Tuesday. The company’s 50-day moving average price is $8.02 and its two-hundred day moving average price is $10.34. The stock has a market cap of $2.36 billion, a P/E ratio of 5.90, a P/E/G ratio of 0.36 and a beta of 1.92. PagSeguro Digital has a twelve month low of $7.08 and a twelve month high of $14.98.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Y.D. More Investments Ltd raised its stake in PagSeguro Digital by 82.5% during the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after acquiring an additional 1,800 shares in the last quarter. Family Firm Inc. bought a new stake in shares of PagSeguro Digital during the 2nd quarter valued at approximately $50,000. Quarry LP grew its holdings in shares of PagSeguro Digital by 156.2% during the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after purchasing an additional 3,806 shares during the last quarter. EverSource Wealth Advisors LLC acquired a new position in PagSeguro Digital during the 2nd quarter worth approximately $74,000. Finally, Nisa Investment Advisors LLC lifted its stake in PagSeguro Digital by 26.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock valued at $79,000 after purchasing an additional 1,421 shares during the last quarter. 45.88% of the stock is currently 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.