PagSeguro Digital Ltd. (NYSE:PAGS) Receives Average Recommendation of “Moderate Buy” from Analysts

by · The Markets Daily

Shares of PagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the thirteen research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $14.00.

Several research firms have recently weighed in on PAGS. Barclays lowered their price objective on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Itau BBA Securities downgraded shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research note on Tuesday, October 1st. The Goldman Sachs Group cut their price objective on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Susquehanna decreased their target price on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, November 18th. Finally, KeyCorp raised PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th.

Read Our Latest Research Report on PagSeguro Digital

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. SPX Gestao de Recursos Ltda purchased a new stake in PagSeguro Digital in the 3rd quarter valued at $38,151,000. Marshall Wace LLP grew its stake in shares of PagSeguro Digital by 55.5% in the 2nd quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock worth $81,770,000 after acquiring an additional 2,497,968 shares in the last quarter. Millennium Management LLC raised its holdings in shares of PagSeguro Digital by 115.1% in the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock valued at $44,585,000 after purchasing an additional 2,040,704 shares during the last quarter. State Street Corp lifted its position in shares of PagSeguro Digital by 50.8% during the third quarter. State Street Corp now owns 5,908,054 shares of the company’s stock valued at $50,868,000 after purchasing an additional 1,990,849 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in PagSeguro Digital by 26.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock worth $47,168,000 after purchasing an additional 1,144,590 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Performance

Shares of PAGS stock opened at $6.28 on Monday. PagSeguro Digital has a fifty-two week low of $6.11 and a fifty-two week high of $14.98. The stock has a 50 day simple moving average of $7.35 and a two-hundred day simple moving average of $9.65. The company has a market cap of $2.07 billion, a P/E ratio of 5.19, a PEG ratio of 0.44 and a beta of 1.92.

PagSeguro Digital Company Profile

(Get Free Report

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a 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; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.

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