The Goldman Sachs Group Cuts PagSeguro Digital (NYSE:PAGS) Price Target to $12.00

PagSeguro Digital (NYSE:PAGS) had its price objective cut by The Goldman Sachs Group from $14.00 to $12.00 in a report published on Friday,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Morgan Stanley reiterated an “underweight” rating and issued a $6.50 price target (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Barclays cut their target price on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Itau BBA Securities cut PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target on the stock. in a report on Tuesday, October 1st. Finally, Cantor Fitzgerald raised shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.20.

PagSeguro Digital Price Performance

Shares of PAGS stock traded down $0.18 during trading hours on Friday, reaching $7.64. 6,227,352 shares of the company traded hands, compared to its average volume of 3,971,134. The firm has a 50-day moving average price of $8.50 and a 200 day moving average price of $10.94. The company has a market cap of $2.52 billion, a P/E ratio of 6.54, a P/E/G ratio of 0.42 and a beta of 1.95. PagSeguro Digital has a 12-month low of $7.56 and a 12-month high of $14.98.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results 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 business had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. During the same quarter in the previous year, the firm earned $0.26 earnings per share. Sell-side analysts predict that PagSeguro Digital will post 1.19 EPS for the current year.

Hedge Funds Weigh In On PagSeguro Digital

A number of institutional investors and hedge funds have recently made changes to their positions in PAGS. Janney Montgomery Scott LLC purchased a new position in PagSeguro Digital in the first quarter worth about $291,000. Sei Investments Co. lifted its position in PagSeguro Digital by 27.7% in the first quarter. Sei Investments Co. now owns 51,856 shares of the company’s stock worth $740,000 after buying an additional 11,236 shares during the last quarter. Headlands Technologies LLC bought a new stake in PagSeguro Digital in the first quarter worth $30,000. Avantax Advisory Services Inc. purchased a new position in PagSeguro Digital during the first quarter worth $186,000. Finally, ProShare Advisors LLC increased its position in PagSeguro Digital by 8.5% during the first quarter. ProShare Advisors LLC now owns 35,698 shares of the company’s stock valued at $510,000 after acquiring an additional 2,809 shares during the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

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.