Wall Street Zen Downgrades PagSeguro Digital (NYSE:PAGS) to Hold

PagSeguro Digital (NYSE:PAGS) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Saturday.

Other analysts also recently issued research reports about the company. Susquehanna lifted their price target on PagSeguro Digital from $11.00 to $12.00 and gave the company a “positive” rating in a research report on Friday, November 14th. Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a research report on Thursday, January 22nd. Finally, UBS Group lifted their target price on shares of PagSeguro Digital from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, PagSeguro Digital has an average rating of “Moderate Buy” and an average price target of $11.86.

PagSeguro Digital Stock Performance

PagSeguro Digital stock opened at $9.89 on Friday. PagSeguro Digital has a fifty-two week low of $7.16 and a fifty-two week high of $12.32. The stock has a market cap of $3.26 billion, a P/E ratio of 7.72, a PEG ratio of 0.42 and a beta of 1.38. The firm’s fifty day moving average price is $10.58 and its 200-day moving average price is $9.91.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.01. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%.The company had revenue of $991.79 million during the quarter, compared to analyst estimates of $1.03 billion. Sell-side analysts predict that PagSeguro Digital will post 1.17 earnings per share for the current year.

Hedge Funds Weigh In On PagSeguro Digital

A number of institutional investors have recently bought and sold shares of PAGS. Caitong International Asset Management Co. Ltd boosted its position in PagSeguro Digital by 77.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock valued at $40,000 after acquiring an additional 1,821 shares in the last quarter. DGS Capital Management LLC raised its position in shares of PagSeguro Digital by 8.7% in the 4th quarter. DGS Capital Management LLC now owns 15,814 shares of the company’s stock worth $152,000 after acquiring an additional 1,271 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of PagSeguro Digital in the 4th quarter valued at approximately $144,000. Vident Advisory LLC lifted its stake in shares of PagSeguro Digital by 29.1% in the 4th quarter. Vident Advisory LLC now owns 15,233 shares of the company’s stock valued at $147,000 after purchasing an additional 3,431 shares during the period. Finally, Mackenzie Financial Corp boosted its position in shares of PagSeguro Digital by 141.7% during the fourth quarter. Mackenzie Financial Corp now owns 240,262 shares of the company’s stock valued at $2,336,000 after purchasing an additional 140,864 shares in the last quarter. 45.88% of the stock is owned by institutional investors.

PagSeguro Digital Company Profile

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.