PagSeguro Digital (NYSE:PAGS) Stock Price Expected to Rise, UBS Group Analyst Says

PagSeguro Digital (NYSE:PAGS) had its price objective hoisted by equities research analysts at UBS Group from $13.00 to $14.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target points to a potential upside of 16.81% from the company’s current price.

A number of other research firms have also commented on PAGS. The Goldman Sachs Group reissued a “neutral” rating and issued a $9.00 price target (down from $12.00) on shares of PagSeguro Digital in a research report on Tuesday, October 14th. Susquehanna upped their target price on shares of PagSeguro Digital from $11.00 to $12.00 and gave the stock a “positive” rating in a research note on Friday, November 14th. Wall Street Zen downgraded shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PagSeguro Digital in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, PagSeguro Digital has an average rating of “Moderate Buy” and a consensus target price of $11.86.

PagSeguro Digital Price Performance

PAGS opened at $11.99 on Wednesday. PagSeguro Digital has a fifty-two week low of $6.70 and a fifty-two week high of $12.32. The firm has a market capitalization of $3.95 billion, a PE ratio of 9.29, a P/E/G ratio of 0.50 and a beta of 1.41. The company’s 50-day moving average is $10.16 and its 200 day moving average is $9.47.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Wednesday, November 12th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $937.15 million during the quarter, compared to analyst estimates of $971.30 million. PagSeguro Digital had a return on equity of 15.39% and a net margin of 11.00%. As a group, analysts expect that PagSeguro Digital will post 1.17 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAGS. Pictet Asset Management Holding SA grew its position in shares of PagSeguro Digital by 23.5% during the 4th quarter. Pictet Asset Management Holding SA now owns 130,300 shares of the company’s stock valued at $1,256,000 after acquiring an additional 24,800 shares during the period. UBS Group AG lifted its stake in PagSeguro Digital by 97.1% in the fourth quarter. UBS Group AG now owns 1,379,312 shares of the company’s stock valued at $13,297,000 after purchasing an additional 679,490 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in PagSeguro Digital by 6.3% during the fourth quarter. Sanctuary Advisors LLC now owns 137,063 shares of the company’s stock valued at $1,321,000 after purchasing an additional 8,159 shares during the period. Walleye Partners LLC purchased a new stake in PagSeguro Digital in the fourth quarter worth $150,000. Finally, Waterfront Wealth Inc. raised its stake in shares of PagSeguro Digital by 0.9% in the fourth quarter. Waterfront Wealth Inc. now owns 338,436 shares of the company’s stock valued at $3,263,000 after buying an additional 3,096 shares during the period. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.