PagSeguro Digital (NYSE:PAGS) Given “Neutral” Rating at Citigroup

PagSeguro Digital (NYSE:PAGS)‘s stock had its “neutral” rating reiterated by analysts at Citigroup in a research note issued on Thursday,Benzinga reports. They currently have a $7.00 target price on the stock, down from their previous target price of $17.00. Citigroup’s price target would suggest a potential upside of 1.16% from the company’s current price.

A number of other analysts have also weighed in on PAGS. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Susquehanna dropped their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, November 18th. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Barclays dropped their target price 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. Finally, JPMorgan Chase & Co. lowered their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, PagSeguro Digital has an average rating of “Moderate Buy” and an average target price of $13.18.

PagSeguro Digital Price Performance

Shares of PAGS stock opened at $6.92 on Thursday. The business has a 50-day moving average of $7.08 and a 200 day moving average of $9.37. PagSeguro Digital has a 1-year low of $6.11 and a 1-year high of $14.98. The stock has a market capitalization of $2.28 billion, a PE ratio of 5.72, a P/E/G ratio of 0.40 and a beta of 1.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PAGS. Quarry LP raised its holdings in PagSeguro Digital by 156.2% in the second quarter. Quarry LP now owns 6,242 shares of the company’s stock worth $73,000 after purchasing an additional 3,806 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new stake in shares of PagSeguro Digital in the 2nd quarter worth about $74,000. GW Henssler & Associates Ltd. bought a new position in shares of PagSeguro Digital in the 3rd quarter worth about $87,000. Point72 Hong Kong Ltd lifted its position in PagSeguro Digital by 34.6% during the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock valued at $93,000 after acquiring an additional 2,767 shares during the period. Finally, Virtu Financial LLC bought a new stake in PagSeguro Digital during the third quarter worth about $98,000. 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.