PagSeguro Digital (NYSE:PAGS) Price Target Cut to $14.00 by Analysts at The Goldman Sachs Group

PagSeguro Digital (NYSE:PAGS - Free Report) had its price target cut by The Goldman Sachs Group from $16.00 to $14.00 in a report released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

PAGS has been the subject of a number of other reports. UBS Group reduced their price target on PagSeguro Digital from $16.50 to $15.50 and set a "buy" rating on the stock in a report on Monday, July 8th. Barclays reduced their target price on shares of PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 15th. Cantor Fitzgerald raised shares of PagSeguro Digital to a "strong-buy" rating in a research note on Thursday, October 3rd. Itau BBA Securities lowered shares of PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 price target on the stock. in a research report on Tuesday, October 1st. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, PagSeguro Digital presently has a consensus rating of "Moderate Buy" and an average price target of $14.40.

PagSeguro Digital Price Performance

NYSE PAGS traded up $0.04 during mid-day trading on Wednesday, hitting $8.33. The stock had a trading volume of 3,320,409 shares, compared to its average volume of 3,892,024. The firm's 50 day moving average is $9.72 and its 200 day moving average is $11.42. The stock has a market capitalization of $2.74 billion, a price-to-earnings ratio of 7.12, a PEG ratio of 0.43 and a beta of 1.94. PagSeguro Digital has a twelve month low of $6.93 and a twelve month high of $14.98.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its earnings results on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The business had revenue of $874.38 million during the quarter, compared to analysts' expectations of $816.34 million. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. During the same period in the prior year, the business earned $0.26 earnings per share. As a group, equities research analysts expect that PagSeguro Digital will post 1.19 earnings per share for the current year.

Hedge Funds Weigh In On PagSeguro Digital

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake in shares of PagSeguro Digital by 26.8% in the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company's stock worth $79,000 after acquiring an additional 1,421 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in PagSeguro Digital by 82.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company's stock worth $47,000 after purchasing an additional 1,800 shares during the period. Headlands Technologies LLC acquired a new stake in PagSeguro Digital in the 1st quarter valued at about $30,000. Los Angeles Capital Management LLC boosted its stake in shares of PagSeguro Digital by 1.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company's stock valued at $1,297,000 after buying an additional 2,083 shares during the period. Finally, Csenge Advisory Group boosted its stake in shares of PagSeguro Digital by 21.0% in the 2nd quarter. Csenge Advisory Group now owns 12,410 shares of the company's stock valued at $145,000 after buying an additional 2,152 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., 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.