Autonomous Res Downgrades PagSeguro Digital (NYSE:PAGS) to Strong Sell

PagSeguro Digital (NYSE:PAGS) was downgraded by analysts at Autonomous Res from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

PAGS has been the subject of a number of other research reports. JPMorgan Chase & Co. reduced their price target on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, April 13th. UBS Group boosted their price objective on PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, January 28th. Wall Street Zen upgraded PagSeguro Digital from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PagSeguro Digital in a report on Thursday, January 22nd. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.00.

PagSeguro Digital Stock Performance

PagSeguro Digital stock traded down $0.15 during midday trading on Thursday, reaching $9.88. 2,874,386 shares of the company’s stock were exchanged, compared to its average volume of 3,400,205. PagSeguro Digital has a 52 week low of $7.74 and a 52 week high of $12.32. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 7.71, a P/E/G ratio of 0.41 and a beta of 1.42. The stock’s 50-day simple moving average is $10.33 and its 200 day simple moving average is $10.14.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Wednesday, March 4th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.01. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%.The business had revenue of $991.79 million during the quarter, compared to analysts’ expectations of $1.03 billion. Research analysts forecast that PagSeguro Digital will post 1.66 earnings per share for the current year.

Insider Activity at PagSeguro Digital

In related news, Director Luis Frias purchased 498,500 shares of the business’s stock in a transaction that occurred on Friday, March 27th. The stock was acquired at an average cost of $9.96 per share, for a total transaction of $4,965,060.00. Following the completion of the purchase, the director owned 2,673,605 shares in the company, valued at approximately $26,629,105.80. This represents a 22.92% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexandre Mr Magnani sold 200,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $11.26, for a total value of $2,252,000.00. Following the completion of the sale, the director owned 607,390 shares of the company’s stock, valued at approximately $6,839,211.40. This trade represents a 24.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing.

Institutional Investors Weigh In On PagSeguro Digital

Institutional investors have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of PagSeguro Digital by 77.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock valued at $40,000 after buying an additional 1,821 shares during the period. GAMMA Investing LLC boosted its stake in shares of PagSeguro Digital by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock valued at $45,000 after buying an additional 1,249 shares during the period. Farther Finance Advisors LLC bought a new stake in shares of PagSeguro Digital in the third quarter valued at approximately $46,000. Atlas Capital Advisors Inc. bought a new stake in shares of PagSeguro Digital in the fourth quarter valued at approximately $45,000. Finally, Versant Capital Management Inc boosted its stake in shares of PagSeguro Digital by 114.1% in the third quarter. Versant Capital Management Inc now owns 5,156 shares of the company’s stock valued at $52,000 after buying an additional 2,748 shares during the period. 45.88% of the stock is currently owned by institutional investors.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.