PagSeguro Digital Ltd. (NYSE:PAGS) Receives Average Rating of “Moderate Buy” from Analysts

PagSeguro Digital Ltd. (NYSE:PAGS) has received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $11.88.

A number of equities research analysts recently commented on PAGS shares. Citigroup upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $7.00 to $10.00 in a report on Tuesday, April 22nd. Barclays cut their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd.

Institutional Trading of PagSeguro Digital

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Millennium Management LLC increased its holdings in PagSeguro Digital by 870.4% in the 4th quarter. Millennium Management LLC now owns 6,271,376 shares of the company’s stock valued at $39,259,000 after buying an additional 5,625,121 shares during the period. Sylebra Capital LLC increased its holdings in PagSeguro Digital by 53.0% in the fourth quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company’s stock valued at $76,020,000 after purchasing an additional 4,208,192 shares during the period. Marshall Wace LLP raised its position in shares of PagSeguro Digital by 307.4% during the fourth quarter. Marshall Wace LLP now owns 4,459,616 shares of the company’s stock worth $27,917,000 after acquiring an additional 3,364,926 shares during the last quarter. Azora Capital LP bought a new position in PagSeguro Digital during the 4th quarter worth approximately $8,604,000. Finally, Saba Capital Management L.P. lifted its position in shares of PagSeguro Digital by 147.1% in the 4th quarter. Saba Capital Management L.P. now owns 1,877,626 shares of the company’s stock worth $11,754,000 after purchasing an additional 1,117,811 shares during the period. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Stock Down 1.0 %

Shares of PAGS stock opened at $9.65 on Friday. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 7.98, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70. PagSeguro Digital has a 12-month low of $6.11 and a 12-month high of $14.82. The firm has a fifty day moving average of $8.27 and a 200-day moving average of $7.69.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly 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 company had revenue of $875.27 million during the quarter, compared to the consensus estimate of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. Research analysts expect that PagSeguro Digital will post 1.17 earnings per share for the current 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.