Jefferies Financial Group Begins Coverage on PagSeguro Digital (NYSE:PAGS)

Research analysts at Jefferies Financial Group started coverage on shares of PagSeguro Digital (NYSE:PAGS) in a research note issued to investors on Thursday,Benzinga reports. The firm set a “hold” rating and a $10.40 price target on the stock. Jefferies Financial Group’s price objective points to a potential upside of 7.38% from the company’s previous close.

PAGS has been the subject of a number of other research reports. Autonomous Res lowered shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Weiss Ratings lowered PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. JPMorgan Chase & Co. cut their price objective on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, April 13th. UBS Group cut their price objective on PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating for the company in a research report on Friday, July 17th. Finally, Bank of America downgraded PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $10.98.

PagSeguro Digital Stock Up 1.1%

Shares of PAGS stock opened at $9.69 on Thursday. PagSeguro Digital has a 12 month low of $7.74 and a 12 month high of $12.32. The company has a market cap of $2.71 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 0.47 and a beta of 1.32. The business’s 50 day moving average is $9.04 and its two-hundred day moving average is $9.94.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%.The firm had revenue of $642.01 million for the quarter, compared to the consensus estimate of $952.64 million. As a group, equities analysts expect that PagSeguro Digital will post 1.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its position in shares of PagSeguro Digital by 77.0% during 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 last quarter. GAMMA Investing LLC increased its stake in PagSeguro Digital by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock valued at $45,000 after acquiring an additional 1,249 shares during the period. Atlas Capital Advisors Inc. bought a new position in PagSeguro Digital during the fourth quarter valued at about $45,000. Meeder Asset Management Inc. acquired a new position in PagSeguro Digital in the 4th quarter valued at approximately $53,000. Finally, Osaic Holdings Inc. lifted its position in shares of PagSeguro Digital by 93.4% in the 2nd quarter. Osaic Holdings Inc. now owns 7,891 shares of the company’s stock worth $76,000 after acquiring an additional 3,810 shares during the period. Institutional investors own 45.88% of the company’s stock.

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.