PagSeguro Digital (NYSE:PAGS) Downgraded by UBS Group to Neutral

PagSeguro Digital (NYSE:PAGS) was downgraded by equities researchers at UBS Group from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, MarketBeat.com reports. They currently have a $8.00 price target on the stock. UBS Group‘s price objective points to a potential upside of 1.37% from the stock’s previous close.

A number of other brokerages have also issued reports on PAGS. Bank of America lowered shares of 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. Citigroup downgraded shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $13.00 to $8.00 in a research note on Tuesday, October 27th. Weiss Ratings lowered PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday. Finally, Jefferies Financial Group began coverage on PagSeguro Digital in a report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price objective for the company. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $10.07.

PagSeguro Digital Stock Performance

PAGS stock opened at $7.89 on Thursday. The stock has a market cap of $2.21 billion, a P/E ratio of 5.52, a P/E/G ratio of 0.31 and a beta of 1.46. The firm has a 50 day simple moving average of $9.67 and a 200 day simple moving average of $9.77. PagSeguro Digital has a 52 week low of $7.50 and a 52 week high of $12.32.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. The firm had revenue of $942.97 million for the quarter, compared to the consensus estimate of $1 billion. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. Sell-side analysts predict that PagSeguro Digital will post 1.65 EPS for the current year.

Insider Transactions at PagSeguro Digital

In other PagSeguro Digital news, Director Alexandre Magnani sold 27,294 shares of the business’s stock in a transaction that occurred on Friday, October 23rd. The shares were sold at an average price of $11.43, for a total value of $311,970.42. Following the completion of the sale, the director directly owned 57,390 shares of the company’s stock, valued at $655,967.70. The trade was a 32.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 550,000 shares of company stock valued at $6,034,146 in the last ninety days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC lifted its stake in shares of PagSeguro Digital by 101.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,986,771 shares of the company’s stock valued at $19,907,000 after purchasing an additional 1,001,581 shares during the last quarter. Absolute Gestao de Investimentos Ltda. boosted its holdings in PagSeguro Digital by 224.2% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 1,175,125 shares of the company’s stock worth $11,775,000 after purchasing an additional 812,641 shares in the last quarter. Sei Investments Co. increased its position in PagSeguro Digital by 168.5% during the first quarter. Sei Investments Co. now owns 611,057 shares of the company’s stock worth $6,123,000 after buying an additional 383,452 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in PagSeguro Digital during the second quarter worth $4,407,000. Finally, Bank of America Corp DE raised its holdings in PagSeguro Digital by 15.4% during the first quarter. Bank of America Corp DE now owns 479,554 shares of the company’s stock valued at $4,805,000 after buying an additional 63,981 shares in the last quarter. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd., operating under the PagBank brand, is a Brazilian financial technology company that provides payment and banking services to small and medium-sized businesses, independent professionals, and consumers. The company is part of the Universo Online (UOL) group and serves customers primarily in Brazil.

PagSeguro offers point-of-sale payment terminals and mobile payment solutions that allow merchants to accept credit, debit, contactless, and other electronic payments.