PagSeguro Digital (NYSE:PAGS) Earns Neutral Rating from Bank of America

PagSeguro Digital (NYSE:PAGS - Get Free Report)'s stock had its "neutral" rating restated by equities research analysts at Bank of America in a research note issued on Tuesday, MarketBeat reports.

A number of other equities research analysts have also recently commented on PAGS. The Goldman Sachs Group decreased their price target on PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating on the stock in a report on Friday, November 15th. Barclays decreased their target price on PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. Susquehanna dropped their price target on PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating for the company in a research note on Monday, November 18th. Morgan Stanley reiterated an "underweight" rating and set a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Finally, Itau BBA Securities lowered shares of PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 target price for the company. in a research report on Tuesday, October 1st. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $14.36.

PagSeguro Digital Stock Performance

Shares of NYSE PAGS traded down $0.05 during midday trading on Tuesday, reaching $7.09. The stock had a trading volume of 6,542,078 shares, compared to its average volume of 4,221,653. PagSeguro Digital has a 12-month low of $6.94 and a 12-month high of $14.98. The stock has a 50-day moving average of $8.02 and a 200-day moving average of $10.34. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 5.90, a price-to-earnings-growth ratio of 0.36 and a beta of 1.92.

Institutional Trading of PagSeguro Digital

A number of large investors have recently made changes to their positions in the business. Marshall Wace LLP lifted its holdings in shares of PagSeguro Digital by 55.5% in the 2nd quarter. Marshall Wace LLP now owns 6,994,870 shares of the company's stock valued at $81,770,000 after acquiring an additional 2,497,968 shares during the last quarter. Millennium Management LLC raised its position in PagSeguro Digital by 115.1% during the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company's stock valued at $44,585,000 after purchasing an additional 2,040,704 shares during the period. State Street Corp lifted its stake in shares of PagSeguro Digital by 50.8% in the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company's stock valued at $50,868,000 after purchasing an additional 1,990,849 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of PagSeguro Digital by 26.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company's stock worth $47,168,000 after purchasing an additional 1,144,590 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of PagSeguro Digital by 49.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock valued at $29,014,000 after purchasing an additional 1,113,103 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors.

PagSeguro Digital Company Profile

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.