UBS Group upgraded shares of PagSeguro Digital (NYSE:PAGS) from an underperform rating to a neutral rating in a research note published on Friday, The Fly reports.

PAGS has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of PagSeguro Digital from a sell rating to a hold rating in a research report on Wednesday, October 31st. Deutsche Bank reduced their price objective on shares of PagSeguro Digital from $47.00 to $40.00 and set a buy rating for the company in a research report on Friday, August 31st. KeyCorp reduced their price target on shares of PagSeguro Digital from $42.00 to $35.00 and set an overweight rating for the company in a research report on Friday, November 30th. ValuEngine upgraded shares of PagSeguro Digital from a hold rating to a buy rating in a research report on Wednesday, October 3rd. Finally, Citigroup upgraded shares of PagSeguro Digital from a neutral rating to a buy rating and set a $31.00 price target for the company in a research report on Tuesday, November 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $33.75.

NYSE:PAGS traded up $0.15 during mid-day trading on Friday, reaching $21.36. The stock had a trading volume of 2,816,485 shares, compared to its average volume of 3,931,159. The company has a market cap of $2.61 billion and a P/E ratio of 37.47. PagSeguro Digital has a twelve month low of $20.02 and a twelve month high of $39.97.

Hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of PagSeguro Digital during the 2nd quarter valued at approximately $191,000. Partner Investment Management L.P. increased its stake in shares of PagSeguro Digital by 76.1% during the 2nd quarter. Partner Investment Management L.P. now owns 8,981 shares of the company’s stock worth $249,000 after purchasing an additional 3,880 shares in the last quarter. Zions Bancorporation purchased a new position in shares of PagSeguro Digital during the 2nd quarter worth approximately $256,000. Essex Investment Management Co. LLC purchased a new position in shares of PagSeguro Digital during the 3rd quarter worth approximately $269,000. Finally, First Trust Advisors LP purchased a new position in shares of PagSeguro Digital during the 2nd quarter worth approximately $338,000.

About PagSeguro Digital

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

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