PagSeguro Digital (NYSE:PAGS) Now Covered by Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of PagSeguro Digital (NYSE:PAGS) in a research note issued to investors on Thursday, Marketbeat.com reports. The firm issued a hold rating and a $10.40 price target on the stock.

A number of other brokerages have also recently commented on PAGS. Autonomous Res cut shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Weiss Ratings cut PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. lowered their price target 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. Wall Street Zen lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Bank of America cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, PagSeguro Digital presently has an average rating of “Hold” and an average price target of $10.98.

PagSeguro Digital Stock Down 2.0%

NYSE PAGS opened at $9.47 on Thursday. The stock’s 50-day simple moving average is $9.05 and its two-hundred day simple moving average is $9.94. PagSeguro Digital has a twelve month low of $7.74 and a twelve month high of $12.32. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 6.97, a PEG ratio of 0.47 and a beta of 1.32.

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

Institutional Trading of PagSeguro Digital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Artemis Investment Management LLP raised its position in shares of PagSeguro Digital by 25.2% in the 4th quarter. Artemis Investment Management LLP now owns 6,764,422 shares of the company’s stock worth $65,209,000 after acquiring an additional 1,363,223 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of PagSeguro Digital by 108.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock valued at $63,729,000 after purchasing an additional 3,435,211 shares in the last quarter. State Street Corp boosted its position in shares of PagSeguro Digital by 3.1% during the fourth quarter. State Street Corp now owns 4,617,616 shares of the company’s stock valued at $44,514,000 after purchasing an additional 139,227 shares in the last quarter. Polunin Capital Partners Ltd grew its stake in PagSeguro Digital by 0.4% in the fourth quarter. Polunin Capital Partners Ltd now owns 4,450,160 shares of the company’s stock worth $44,858,000 after purchasing an additional 16,700 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in PagSeguro Digital by 0.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,926,789 shares of the company’s stock worth $37,854,000 after purchasing an additional 12,863 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.