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

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $11.88.

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

PagSeguro Digital Stock Performance

Shares of NYSE:PAGS opened at $9.65 on Friday. The company’s fifty day moving average is $8.27 and its 200-day moving average is $7.69. PagSeguro Digital has a 52 week low of $6.11 and a 52 week high of $14.82. The company has a market capitalization of $3.18 billion, a PE ratio of 7.98, a P/E/G ratio of 0.51 and a beta of 1.70.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Friday, February 21st. The company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $875.27 million for 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%. On average, analysts forecast that PagSeguro Digital will post 1.17 EPS for the current year.

Hedge Funds Weigh In On PagSeguro Digital

Large investors have recently bought and sold shares of the business. Signaturefd LLC raised its position in shares of PagSeguro Digital by 1,306.5% during the 4th quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock valued at $29,000 after acquiring an additional 4,233 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in PagSeguro Digital by 626.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company’s stock valued at $39,000 after purchasing an additional 4,435 shares during the last quarter. State of Wyoming lifted its stake in PagSeguro Digital by 32.8% in the fourth quarter. State of Wyoming now owns 6,436 shares of the company’s stock valued at $40,000 after buying an additional 1,591 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in PagSeguro Digital by 166.9% during the first quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company’s stock worth $51,000 after buying an additional 4,180 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of PagSeguro Digital during the 4th quarter worth about $66,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

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.