The Goldman Sachs Group Cuts PagSeguro Digital (NYSE:PAGS) Price Target to $12.00

PagSeguro Digital (NYSE:PAGS - Free Report) had its price target cut by The Goldman Sachs Group from $14.00 to $12.00 in a report issued on Friday,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on the company. Barclays lowered their price target on PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating on the stock in a research report on Tuesday, October 15th. Cantor Fitzgerald raised PagSeguro Digital to a "strong-buy" rating in a report on Thursday, October 3rd. Morgan Stanley reissued an "underweight" rating and issued 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 cut shares of PagSeguro Digital from an "outperform" rating to a "market perform" rating and set a $12.00 price objective on the stock. in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $14.20.

PagSeguro Digital Price Performance

Shares of PAGS traded down $0.17 during trading hours on Friday, reaching $7.65. 6,226,988 shares of the company's stock traded hands, compared to its average volume of 3,971,134. PagSeguro Digital has a twelve month low of $7.56 and a twelve month high of $14.98. The business's fifty day simple moving average is $8.53 and its two-hundred day simple moving average is $10.97. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 6.73, a P/E/G ratio of 0.42 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The company had revenue of $874.38 million for the quarter, compared to the consensus estimate 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 previous year, the firm earned $0.26 EPS. On average, equities research analysts expect that PagSeguro Digital will post 1.19 EPS for the current year.

Institutional Trading of PagSeguro Digital

A number of hedge funds have recently modified their holdings of the business. Headlands Technologies LLC acquired a new position in PagSeguro Digital during the first quarter valued at $30,000. Y.D. More Investments Ltd increased its holdings in shares of PagSeguro Digital by 82.5% in 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 during the period. Family Firm Inc. purchased a new stake in shares of PagSeguro Digital in the second quarter worth approximately $50,000. Covestor Ltd boosted its holdings in shares of PagSeguro Digital by 11,990.2% during the first quarter. Covestor Ltd now owns 4,957 shares of the company's stock worth $71,000 after purchasing an additional 4,916 shares during the period. Finally, EverSource Wealth Advisors LLC purchased a new position in PagSeguro Digital during the second quarter valued at approximately $74,000. Hedge funds and other institutional investors own 45.88% of the company's stock.

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.