PagSeguro Digital (NYSE:PAGS) Stock Rating Upgraded by Citigroup

PagSeguro Digital (NYSE:PAGS) was upgraded by stock analysts at Citigroup from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday, MarketBeat Ratings reports. The firm presently has a $10.00 target price on the stock, up from their prior target price of $7.00. Citigroup’s target price indicates a potential upside of 8.34% from the stock’s current price.

PagSeguro Digital Trading Down 1.3 %

PagSeguro Digital stock opened at $9.23 on Tuesday. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 7.63, a PEG ratio of 0.51 and a beta of 1.85. The stock has a 50 day moving average of $8.02 and a two-hundred day moving average of $7.62. PagSeguro Digital has a twelve month low of $6.11 and a twelve month high of $14.82.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Friday, February 21st. The company reported $0.34 earnings per share 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 the consensus estimate of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. Equities analysts predict that PagSeguro Digital will post 1.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PAGS. Barclays PLC increased its position in PagSeguro Digital by 240.0% during the 3rd quarter. Barclays PLC now owns 270,215 shares of the company’s stock worth $2,327,000 after purchasing an additional 190,740 shares during the period. Geode Capital Management LLC boosted its stake in shares of PagSeguro Digital by 49.1% in the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock valued at $29,014,000 after buying an additional 1,113,103 shares in the last quarter. Virtu Financial LLC acquired a new position in PagSeguro Digital during the third quarter worth $98,000. Sanctuary Advisors LLC acquired a new stake in PagSeguro Digital in the third quarter valued at $157,000. Finally, Tidal Investments LLC acquired a new stake in PagSeguro Digital in the third quarter valued at $339,000. 45.88% of the stock is owned by hedge funds and other institutional investors.

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.