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

PagSeguro Digital Ltd. (NYSE:PAGS) has received an average recommendation of “Moderate Buy” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $15.09.

A number of analysts have issued reports on PAGS shares. Citigroup boosted their target price on PagSeguro Digital from $13.00 to $16.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Cantor Fitzgerald increased their target price on PagSeguro Digital from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Evercore ISI raised PagSeguro Digital from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $12.00 to $18.00 in a research report on Tuesday, March 26th. The Goldman Sachs Group raised shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and raised their price objective for the company from $7.40 to $13.80 in a research note on Monday, January 22nd. Finally, Barclays upped their target price on shares of PagSeguro Digital from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th.

Hedge Funds Weigh In On PagSeguro Digital

Several large investors have recently bought and sold shares of the business. Point72 Asset Management L.P. lifted its position in shares of PagSeguro Digital by 9.0% during the 4th quarter. Point72 Asset Management L.P. now owns 10,924,410 shares of the company’s stock worth $136,227,000 after buying an additional 906,510 shares during the last quarter. Sylebra Capital LLC purchased a new stake in PagSeguro Digital in the third quarter valued at $80,028,000. Norges Bank acquired a new position in PagSeguro Digital in the fourth quarter valued at $54,522,000. SPX Gestao de Recursos Ltda grew its holdings in shares of PagSeguro Digital by 247.4% during the fourth quarter. SPX Gestao de Recursos Ltda now owns 3,759,906 shares of the company’s stock worth $46,886,000 after purchasing an additional 2,677,659 shares during the last quarter. Finally, Polunin Capital Partners Ltd increased its position in shares of PagSeguro Digital by 19.3% during the fourth quarter. Polunin Capital Partners Ltd now owns 3,640,969 shares of the company’s stock worth $45,403,000 after purchasing an additional 589,600 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Up 0.5 %

Shares of PagSeguro Digital stock opened at $11.85 on Wednesday. The firm has a market cap of $3.91 billion, a PE ratio of 11.50, a price-to-earnings-growth ratio of 0.61 and a beta of 1.78. PagSeguro Digital has a 52 week low of $6.93 and a 52 week high of $14.98. The business’s fifty day simple moving average is $13.32 and its 200-day simple moving average is $11.49.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. The company had revenue of $877.60 million during the quarter, compared to analyst estimates of $786.91 million. As a group, equities analysts expect that PagSeguro Digital will post 1.29 earnings per share for the current year.

About PagSeguro Digital

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.