PagSeguro Digital Ltd. (NYSE:PAGS) Receives $10.98 Average Price Target from Analysts

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have received a consensus rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $10.9833.

PAGS has been the subject of a number of research reports. Autonomous Res cut shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Bank of America cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target on the stock. in a report on Wednesday, July 15th. Wall Street Zen downgraded shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Jefferies Financial Group assumed coverage on shares of PagSeguro Digital in a research report on Thursday, July 23rd. They set a “hold” rating and a $10.40 price objective for the company. Finally, Weiss Ratings downgraded PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, June 23rd.

Insiders Place Their Bets

In related news, insider Da Silva Ricardo Dutra sold 25,000 shares of the business’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $9.24, for a total value of $231,000.00. Following the completion of the sale, the insider directly owned 25,000 shares in the company, valued at $231,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Artemis Investment Management LLP boosted its position in shares of PagSeguro Digital by 25.2% in the fourth quarter. Artemis Investment Management LLP now owns 6,764,422 shares of the company’s stock valued at $65,209,000 after acquiring an additional 1,363,223 shares during the period. Robeco Institutional Asset Management B.V. raised its stake in PagSeguro Digital by 108.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock worth $63,729,000 after purchasing an additional 3,435,211 shares in the last quarter. State Street Corp raised its stake in PagSeguro Digital by 3.1% in the 4th quarter. State Street Corp now owns 4,617,616 shares of the company’s stock worth $44,514,000 after purchasing an additional 139,227 shares in the last quarter. Polunin Capital Partners Ltd boosted its holdings in PagSeguro Digital by 0.4% in the 4th quarter. Polunin Capital Partners Ltd now owns 4,450,160 shares of the company’s stock valued at $44,858,000 after purchasing an additional 16,700 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in PagSeguro Digital by 0.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,926,789 shares of the company’s stock valued at $37,854,000 after purchasing an additional 12,863 shares during the period. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Trading Down 0.5%

PAGS stock opened at $9.60 on Tuesday. The firm has a market capitalization of $2.68 billion, a PE ratio of 7.06, a PEG ratio of 0.47 and a beta of 1.31. PagSeguro Digital has a 1-year low of $7.85 and a 1-year high of $12.32. The business’s 50 day simple moving average is $9.11 and its 200 day simple moving average is $9.91.

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

PagSeguro Digital Company Profile

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.