PagSeguro Digital’s (PAGS) Neutral Rating Reiterated at Bank of America

Bank of America reissued their neutral rating on shares of PagSeguro Digital (NYSE:PAGS) in a report published on Tuesday morning, MarketBeat Ratings reports.

Several other analysts have also recently weighed in on PAGS. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays lowered their price target on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. Susquehanna cut their price objective on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday, November 18th. Morgan Stanley reissued an “underweight” rating and set a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. Finally, Itau BBA Securities lowered PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research note on Tuesday, October 1st. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $14.36.

PagSeguro Digital Trading Down 2.1 %

PAGS stock opened at $6.95 on Tuesday. PagSeguro Digital has a 1-year low of $6.82 and a 1-year high of $14.98. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 5.74, a price-to-earnings-growth ratio of 0.36 and a beta of 1.92. The company’s 50 day moving average is $7.95 and its 200 day moving average is $10.26.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. SPX Gestao de Recursos Ltda bought a new stake in PagSeguro Digital in the 3rd quarter worth $38,151,000. DGS Capital Management LLC bought a new stake in shares of PagSeguro Digital in the third quarter worth about $113,000. Tidal Investments LLC purchased a new position in PagSeguro Digital during the 3rd quarter valued at about $339,000. Sanctuary Advisors LLC bought a new position in PagSeguro Digital during the 3rd quarter valued at approximately $157,000. Finally, Virtu Financial LLC purchased a new stake in PagSeguro Digital in the 3rd quarter worth approximately $98,000. 45.88% of the stock is owned by hedge funds and other institutional investors.

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.