PagSeguro Digital (NYSE:PAGS) Given New $12.50 Price Target at UBS Group

PagSeguro Digital (NYSE:PAGS) had its price objective reduced by UBS Group from $14.00 to $12.50 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on the stock. Wall Street Zen downgraded shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. reduced their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Weiss Ratings downgraded shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd. Autonomous Res lowered shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Finally, Bank of America lowered PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.10.

PagSeguro Digital Price Performance

Shares of PAGS stock opened at $9.06 on Friday. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 6.66, a price-to-earnings-growth ratio of 0.45 and a beta of 1.32. The business has a fifty day moving average of $9.03 and a 200 day moving average of $9.94. PagSeguro Digital has a 1 year low of $7.74 and a 1 year high of $12.32.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. The firm had revenue of $642.01 million for the quarter, compared to analysts’ expectations of $952.64 million. As a group, equities research analysts expect that PagSeguro Digital will post 1.69 earnings per share for the current year.

Institutional Investors Weigh In On PagSeguro Digital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Confluence Investment Management LLC acquired a new position in shares of PagSeguro Digital in the 2nd quarter valued at $125,000. Bank of America Corp DE boosted its stake in PagSeguro Digital by 15.4% during the first quarter. Bank of America Corp DE now owns 479,554 shares of the company’s stock worth $4,805,000 after buying an additional 63,981 shares during the period. Amundi boosted its stake in PagSeguro Digital by 6.0% during the first quarter. Amundi now owns 54,586 shares of the company’s stock worth $547,000 after buying an additional 3,067 shares during the period. Royal Bank of Canada increased its position in shares of PagSeguro Digital by 3.7% during the first quarter. Royal Bank of Canada now owns 56,092 shares of the company’s stock valued at $562,000 after acquiring an additional 1,998 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of PagSeguro Digital by 25.1% in the 1st quarter. Quantinno Capital Management LP now owns 103,994 shares of the company’s stock valued at $1,042,000 after acquiring an additional 20,893 shares during the period. Hedge funds and other institutional investors own 45.88% of the company’s stock.

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.