Susquehanna Issues Pessimistic Forecast for PagSeguro Digital (NYSE:PAGS) Stock Price

PagSeguro Digital (NYSE:PAGS - Get Free Report) had its target price lowered by Susquehanna from $19.00 to $16.00 in a report issued on Monday,Benzinga reports. The firm currently has a "positive" rating on the stock. Susquehanna's price target indicates a potential upside of 110.80% from the stock's current price.

A number of other research firms also recently commented on PAGS. Itau BBA Securities downgraded PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 price target for the company. in a research note on Tuesday, October 1st. Morgan Stanley reiterated an "underweight" rating and issued a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. Barclays decreased their price target on PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating for the company in a research note on Tuesday, October 15th. The Goldman Sachs Group lowered their price objective on PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating for the company in a research report on Friday. Finally, Cantor Fitzgerald upgraded shares of PagSeguro Digital to a "strong-buy" rating in a research report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.36.

PagSeguro Digital Price Performance

NYSE PAGS traded down $0.05 on Monday, hitting $7.59. 4,417,557 shares of the stock were exchanged, compared to its average volume of 3,973,138. The company has a market capitalization of $2.50 billion, a PE ratio of 6.27, a P/E/G ratio of 0.39 and a beta of 1.95. The business's fifty day moving average is $8.47 and its 200 day moving average is $10.88. PagSeguro Digital has a 52 week low of $7.56 and a 52 week high of $14.98.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The business had revenue of $874.38 million for the quarter, compared to analysts' expectations of $816.34 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. During the same quarter in the prior year, the business earned $0.26 EPS. Analysts predict that PagSeguro Digital will post 1.19 EPS for the current fiscal year.

Hedge Funds Weigh In On PagSeguro Digital

A number of hedge funds have recently added to or reduced their stakes in PAGS. Y.D. More Investments Ltd increased its position in shares of PagSeguro Digital by 82.5% during the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company's stock valued at $47,000 after acquiring an additional 1,800 shares during the last quarter. Family Firm Inc. purchased a new position in PagSeguro Digital during the 2nd quarter valued at about $50,000. Covestor Ltd increased its holdings in PagSeguro Digital by 11,990.2% during the 1st quarter. Covestor Ltd now owns 4,957 shares of the company's stock worth $71,000 after acquiring an additional 4,916 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in shares of PagSeguro Digital in the second quarter worth $74,000. Finally, Quarry LP boosted its position in shares of PagSeguro Digital by 156.2% during the 2nd quarter. Quarry LP now owns 6,242 shares of the company's stock valued at $73,000 after acquiring an additional 3,806 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company's stock.

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.