PagSeguro Digital Ltd. (NYSE:PAGS) Given Average Recommendation of “Moderate Buy” by Analysts

PagSeguro Digital Ltd. (NYSE:PAGS) has received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $15.09.

Several equities analysts recently weighed in on the stock. Cantor Fitzgerald raised their target price on shares of PagSeguro Digital from $14.00 to $16.00 and gave the company an “overweight” rating in a research note on Monday, March 4th. Evercore ISI upgraded PagSeguro Digital from an “in-line” rating to an “outperform” rating and lifted their price target for the stock from $12.00 to $18.00 in a report on Tuesday, March 26th. The Goldman Sachs Group upgraded PagSeguro Digital from a “sell” rating to a “neutral” rating and upped their price objective for the company from $7.40 to $13.80 in a research note on Monday, January 22nd. Barclays raised their price objective on PagSeguro Digital from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Finally, Citigroup increased their price target on PagSeguro Digital from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th.

Hedge Funds Weigh In On PagSeguro Digital

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAGS. Nisa Investment Advisors LLC increased its holdings in PagSeguro Digital by 34.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock valued at $64,000 after buying an additional 1,330 shares during the period. Allspring Global Investments Holdings LLC increased its stake in PagSeguro Digital by 48.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,809 shares of the company’s stock valued at $67,000 after acquiring an additional 2,560 shares during the last quarter. Canton Hathaway LLC acquired a new position in PagSeguro Digital during the fourth quarter valued at approximately $69,000. Principal Securities Inc. bought a new stake in PagSeguro Digital during the fourth quarter worth $69,000. Finally, Neo Ivy Capital Management bought a new position in shares of PagSeguro Digital in the 3rd quarter valued at $100,000. 45.88% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Stock Up 0.5 %

Shares of NYSE PAGS opened at $11.85 on Wednesday. PagSeguro Digital has a twelve month low of $6.93 and a twelve month high of $14.98. The stock has a market cap of $3.91 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 0.61 and a beta of 1.78. The company’s fifty day moving average is $13.32 and its 200-day moving average is $11.49.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The company had revenue of $877.60 million during the quarter, compared to the consensus estimate of $786.91 million. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. On average, research analysts anticipate that PagSeguro Digital will post 1.29 EPS for the current fiscal year.

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.