PagSeguro Digital Ltd. (NYSE:PAGS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $15.11.

A number of research firms recently issued reports on PAGS. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, June 26th. Barclays lowered their price objective on shares of PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. Morgan Stanley restated an “underweight” rating and set a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. UBS Group lowered their price target on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, July 8th. Finally, JPMorgan Chase & Co. upped their price target on PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th.

PagSeguro Digital Stock Up 1.5 %

Shares of PagSeguro Digital stock opened at $8.94 on Friday. The firm has a market cap of $2.95 billion, a PE ratio of 8.05, a P/E/G ratio of 0.47 and a beta of 1.95. PagSeguro Digital has a fifty-two week low of $6.93 and a fifty-two week high of $14.98. The business’s fifty day moving average is $11.29 and its two-hundred day moving average is $12.15.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. The firm had revenue of $874.38 million for the quarter, compared to analyst estimates of $816.34 million. During the same period last year, the company earned $0.26 EPS. Equities research analysts anticipate that PagSeguro Digital will post 1.19 EPS for the current year.

Institutional Investors Weigh In On PagSeguro Digital

Several hedge funds have recently modified their holdings of PAGS. Quarry LP boosted its holdings in PagSeguro Digital by 156.2% in the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock worth $73,000 after acquiring an additional 3,806 shares during the period. Algert Global LLC purchased a new position in shares of PagSeguro Digital in the second quarter valued at $1,212,000. Mackenzie Financial Corp grew its holdings in PagSeguro Digital by 18.4% during the 2nd quarter. Mackenzie Financial Corp now owns 36,070 shares of the company’s stock valued at $422,000 after purchasing an additional 5,596 shares in the last quarter. Millennium Management LLC increased its stake in PagSeguro Digital by 115.1% during the 2nd quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock worth $44,585,000 after buying an additional 2,040,704 shares during the period. Finally, Maverick Capital Ltd. lifted its holdings in PagSeguro Digital by 328.9% in the 2nd quarter. Maverick Capital Ltd. now owns 123,867 shares of the company’s stock worth $1,448,000 after buying an additional 94,989 shares in the last quarter. 45.88% of the stock is currently owned by hedge funds and other 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.