PagSeguro Digital (NYSE:PAGS) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of PagSeguro Digital (NYSE:PAGS) from a neutral rating to a buy rating in a report released on Wednesday, MarketBeat.com reports. The Goldman Sachs Group currently has $15.00 price objective on the stock.

A number of other research firms also recently issued reports on PAGS. JPMorgan Chase & Co. lifted their price objective on shares of PagSeguro Digital from $14.00 to $15.00 and gave the company a neutral rating in a report on Monday, June 17th. Evercore ISI raised shares of PagSeguro Digital from an in-line rating to an outperform rating and boosted their price target for the stock from $12.00 to $18.00 in a research report on Tuesday, March 26th. New Street Research upgraded shares of PagSeguro Digital from a neutral rating to a buy rating and increased their price objective for the stock from $15.00 to $18.00 in a research note on Monday, March 18th. Citigroup lifted their target price on PagSeguro Digital from $13.00 to $16.00 and gave the company a buy rating in a research report on Wednesday, March 20th. Finally, Cantor Fitzgerald raised their price target on PagSeguro Digital from $14.00 to $16.00 and gave the company an overweight rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $16.25.

PagSeguro Digital Trading Down 0.8 %

Shares of NYSE PAGS opened at $11.69 on Wednesday. The company has a fifty day moving average price of $12.10 and a 200 day moving average price of $12.66. PagSeguro Digital has a 1-year low of $6.93 and a 1-year high of $14.98. The firm has a market cap of $3.85 billion, a PE ratio of 10.53, a PEG ratio of 0.50 and a beta of 1.97.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Friday, May 24th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03. PagSeguro Digital had a return on equity of 14.51% and a net margin of 10.70%. The company had revenue of $869.86 million during the quarter, compared to analysts’ expectations of $679.16 million. Equities research analysts forecast that PagSeguro Digital will post 1.44 EPS for the current year.

Institutional Trading of PagSeguro Digital

A number of hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. boosted its holdings in PagSeguro Digital by 9.0% in the 4th quarter. Point72 Asset Management L.P. now owns 10,924,410 shares of the company’s stock valued at $136,227,000 after purchasing an additional 906,510 shares during the period. Sylebra Capital LLC grew its position in PagSeguro Digital by 0.7% during the first quarter. Sylebra Capital LLC now owns 9,593,685 shares of the company’s stock worth $136,998,000 after buying an additional 64,671 shares in the last quarter. Norges Bank acquired a new stake in PagSeguro Digital during the fourth quarter worth approximately $54,522,000. Polunin Capital Partners Ltd increased its stake in PagSeguro Digital by 12.3% during the 1st quarter. Polunin Capital Partners Ltd now owns 4,088,380 shares of the company’s stock worth $58,382,000 after acquiring an additional 447,411 shares during the period. Finally, SPX Gestao de Recursos Ltda raised its holdings in PagSeguro Digital by 247.4% in the 4th quarter. SPX Gestao de Recursos Ltda now owns 3,759,906 shares of the company’s stock valued at $46,886,000 after acquiring an additional 2,677,659 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

About PagSeguro Digital

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.