UBS Group Cuts PagSeguro Digital (NYSE:PAGS) Price Target to $12.50

PagSeguro Digital (NYSE:PAGS) had its price target decreased by UBS Group from $14.00 to $12.50 in a report issued on Friday,Benzinga reports. UBS Group currently has a buy rating on the stock.

PAGS has been the topic of several other research reports. Bank of America downgraded PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a report on Wednesday, July 15th. JPMorgan Chase & Co. dropped their target price 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. Autonomous Res lowered PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Wall Street Zen cut PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings downgraded PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $11.10.

PagSeguro Digital Price Performance

PAGS stock opened at $9.06 on Friday. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 6.66, a P/E/G ratio of 0.44 and a beta of 1.32. The company has a 50 day simple moving average of $9.03 and a 200 day simple moving average of $9.94. PagSeguro Digital has a 1 year low of $7.74 and a 1 year high of $12.32.

PagSeguro Digital (NYSE:PAGS) last issued its 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). The company had revenue of $642.01 million during the quarter, compared to analyst estimates of $952.64 million. PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. On average, equities research analysts anticipate that PagSeguro Digital will post 1.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PAGS. Caitong International Asset Management Co. Ltd grew its position in shares of PagSeguro Digital by 77.0% in the 4th 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 raised its position in shares of PagSeguro Digital by 37.0% during the fourth quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock worth $45,000 after acquiring an additional 1,249 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new position in shares of PagSeguro Digital in the fourth quarter worth approximately $45,000. Meeder Asset Management Inc. acquired a new position in shares of PagSeguro Digital in the fourth quarter worth approximately $53,000. Finally, CWM LLC boosted its holdings in PagSeguro Digital by 50.4% in the fourth quarter. CWM LLC now owns 7,902 shares of the company’s stock valued at $76,000 after acquiring an additional 2,647 shares during the last quarter. 45.88% of the stock is owned by institutional investors.

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.