Brokerages Set PagSeguro Digital Ltd. (NYSE:PAGS) Price Target at $12.90

PagSeguro Digital Ltd. (NYSE:PAGS) has been assigned an average rating of “Moderate Buy” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $12.33.

A number of equities research analysts recently weighed in on PAGS shares. Citigroup reiterated a “neutral” rating and set a $7.00 price objective (down previously from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Susquehanna decreased their price objective on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday, November 18th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, December 16th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PAGS. Principal Financial Group Inc. grew its position in shares of PagSeguro Digital by 23.8% in the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock worth $3,478,000 after buying an additional 77,543 shares during the last quarter. GSA Capital Partners LLP grew its position in shares of PagSeguro Digital by 88.6% in the 3rd quarter. GSA Capital Partners LLP now owns 131,408 shares of the company’s stock worth $1,131,000 after buying an additional 61,736 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of PagSeguro Digital in the 3rd quarter worth approximately $3,246,000. Aigen Investment Management LP purchased a new position in shares of PagSeguro Digital in the 3rd quarter worth approximately $432,000. Finally, Metis Global Partners LLC grew its position in shares of PagSeguro Digital by 11.5% in the 3rd quarter. Metis Global Partners LLC now owns 209,439 shares of the company’s stock worth $1,803,000 after buying an additional 21,643 shares during the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Trading Up 6.4 %

PagSeguro Digital stock opened at $8.31 on Friday. The firm has a 50-day moving average price of $7.34 and a 200-day moving average price of $7.79. The firm has a market capitalization of $2.74 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 0.51 and a beta of 2.04. PagSeguro Digital has a 12-month low of $6.11 and a 12-month high of $14.82.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $875.27 million during the quarter, compared to analyst estimates of $872.66 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. As a group, sell-side analysts predict that PagSeguro Digital will post 1.17 earnings per share for the current fiscal year.

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.