PagSeguro Digital Ltd. (NYSE:PAGS) Receives Consensus Rating of "Moderate Buy" from Brokerages

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $14.40.

Several research analysts have recently issued reports on PAGS shares. Barclays lowered their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating for the company in a report on Tuesday, October 15th. The Goldman Sachs Group dropped their price objective on PagSeguro Digital from $16.00 to $14.00 and set a "buy" rating on the stock in a research note on Wednesday, October 23rd. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a "strong-buy" rating in a research note on Thursday, October 3rd. Morgan Stanley restated an "underweight" rating and set a $6.50 price target (down from $14.00) on shares of PagSeguro Digital in a 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 price objective for the company. in a research note on Tuesday, October 1st.

PagSeguro Digital Stock Performance

Shares of NYSE PAGS traded up $0.11 during mid-day trading on Friday, reaching $8.12. The company had a trading volume of 3,280,899 shares, compared to its average volume of 3,784,901. PagSeguro Digital has a one year low of $7.29 and a one year high of $14.98. The business's 50-day simple moving average is $8.73 and its 200 day simple moving average is $11.07. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 6.94, a PEG ratio of 0.42 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. The company had revenue of $874.38 million during the quarter, compared to the consensus estimate of $816.34 million. During the same quarter in the prior year, the firm posted $0.26 EPS. On average, sell-side analysts anticipate that PagSeguro Digital will post 1.19 EPS for the current year.

Hedge Funds Weigh In On PagSeguro Digital

Several institutional investors and hedge funds have recently bought and sold shares of PAGS. Nisa Investment Advisors LLC lifted its position in PagSeguro Digital by 26.8% in the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company's stock valued at $79,000 after purchasing an additional 1,421 shares during the last quarter. Y.D. More Investments Ltd boosted its stake in shares of PagSeguro Digital by 82.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company's stock valued at $47,000 after purchasing an additional 1,800 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of PagSeguro Digital during the first quarter valued at about $30,000. Los Angeles Capital Management LLC raised its stake in PagSeguro Digital by 1.9% in the second quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company's stock worth $1,297,000 after buying an additional 2,083 shares in the last quarter. Finally, Csenge Advisory Group lifted its holdings in PagSeguro Digital by 21.0% in the second quarter. Csenge Advisory Group now owns 12,410 shares of the company's stock worth $145,000 after buying an additional 2,152 shares during the period. 45.88% of the stock is owned by 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.