PagSeguro Digital (NYSE:PAGS) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of PagSeguro Digital (NYSE:PAGSGet Rating) in a research report sent to investors on Friday morning, Marketbeat reports. The firm issued an overweight rating and a $25.00 target price on the stock.

PAGS has been the topic of a number of other research reports. Susquehanna dropped their price target on PagSeguro Digital from $50.00 to $38.00 and set a positive rating on the stock in a research report on Wednesday, March 23rd. Susquehanna Bancshares dropped their price target on PagSeguro Digital from $50.00 to $38.00 and set a positive rating on the stock in a research report on Wednesday, March 23rd. Itau BBA Securities raised PagSeguro Digital from a market perform rating to an outperform rating and set a $31.00 price target on the stock in a research report on Wednesday, March 30th. The Goldman Sachs Group lowered PagSeguro Digital from a buy rating to a neutral rating and dropped their target price for the company from $60.00 to $27.00 in a research report on Wednesday, January 26th. Finally, Zacks Investment Research raised PagSeguro Digital from a sell rating to a hold rating in a research report on Thursday, March 31st. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Buy and an average target price of $31.33.

Shares of PAGS opened at $17.89 on Friday. PagSeguro Digital has a 1 year low of $11.76 and a 1 year high of $61.65. The stock has a market cap of $5.89 billion, a P/E ratio of 27.11, a price-to-earnings-growth ratio of 0.86 and a beta of 1.59. The stock’s 50-day moving average price is $17.00 and its two-hundred day moving average price is $26.04.

Hedge funds and other institutional investors have recently modified their holdings of the company. Exchange Traded Concepts LLC bought a new position in shares of PagSeguro Digital during the 3rd quarter worth approximately $27,000. Bellwether Advisors LLC bought a new position in shares of PagSeguro Digital during the 4th quarter worth approximately $34,000. Evolution Wealth Advisors LLC boosted its stake in shares of PagSeguro Digital by 98.8% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 686 shares of the company’s stock worth $35,000 after acquiring an additional 341 shares during the period. Marshall Wace LLP bought a new position in shares of PagSeguro Digital during the 4th quarter worth approximately $46,000. Finally, Provida Pension Fund Administrator bought a new position in shares of PagSeguro Digital during the 4th quarter worth approximately $52,000. Institutional investors own 56.75% of the company’s stock.

About PagSeguro Digital (Get Rating)

PagSeguro Digital Ltd. engages in the provision of financial technology solutions focused on Micro-Merchants, Small Companies and Medium-Sized Companies, or Small Medium Enterprises. Its business model covers the following pillars: Multiple digital payment solutions; In-person payments via POS devices that sell to merchants; Free digital accounts; Issuer of prepaid cards to clients for spending or withdrawing account balances, and Operating as an acquirer.

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Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

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