PagSeguro Digital (NYSE:PAGS) PT Lowered to $13.00

PagSeguro Digital (NYSE:PAGS) had its price target trimmed by Barclays from $16.00 to $13.00 in a research note released on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Several other analysts have also weighed in on PAGS. Cantor Fitzgerald raised PagSeguro Digital to a strong-buy rating in a report on Thursday, October 3rd. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a neutral rating to a buy rating and set a $15.00 price target on the stock in a research note on Wednesday, June 26th. JPMorgan Chase & Co. increased their price objective on shares of PagSeguro Digital from $14.00 to $15.00 and gave the company a neutral rating in a research note on Monday, June 17th. Morgan Stanley reiterated an underweight rating and set a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Finally, UBS Group dropped their price target on shares of PagSeguro Digital from $16.50 to $15.50 and set a buy rating for the company in a research report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of Moderate Buy and an average target price of $14.50.

PagSeguro Digital Stock Performance

NYSE PAGS opened at $8.24 on Tuesday. The stock has a 50-day simple moving average of $10.29 and a 200 day simple moving average of $11.67. PagSeguro Digital has a twelve month low of $6.93 and a twelve month high of $14.98. The stock has a market capitalization of $2.71 billion, a PE ratio of 7.42, a P/E/G ratio of 0.42 and a beta of 1.94.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $874.38 million during 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 period in the prior year, the business earned $0.26 earnings per share. As a group, equities research analysts forecast that PagSeguro Digital will post 1.19 EPS for the current fiscal year.

Institutional Trading of PagSeguro Digital

Hedge funds and other institutional investors have recently made changes to their positions in the business. Headlands Technologies LLC acquired a new stake in shares of PagSeguro Digital in the first quarter valued at approximately $30,000. Y.D. More Investments Ltd lifted 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 valued at $47,000 after purchasing an additional 1,800 shares during the period. Family Firm Inc. bought a new position in shares of PagSeguro Digital in the 2nd quarter valued at about $50,000. Covestor Ltd grew its position in shares of PagSeguro Digital by 11,990.2% during the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock worth $71,000 after buying an additional 4,916 shares during the period. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of PagSeguro Digital during the second quarter worth approximately $74,000. 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.