PagSeguro Digital (NYSE:PAGS) PT Lowered to $15.50

PagSeguro Digital (NYSE:PAGS) had its price target dropped by investment analysts at UBS Group from $16.50 to $15.50 in a research note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 22.63% from the company’s current price.

A number of other research firms have also recently commented on PAGS. Citigroup lifted their target price on shares of PagSeguro Digital from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, June 26th. 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 research note on Monday, June 17th. Evercore ISI upgraded shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and lifted their price objective for the company from $12.00 to $18.00 in a research note on Tuesday, March 26th. Finally, New Street Research upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $15.00 to $18.00 in a research note on Monday, March 18th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.44.

PagSeguro Digital Stock Up 0.7 %

PAGS stock opened at $12.64 on Monday. The firm has a 50 day moving average of $12.09 and a 200 day moving average of $12.70. The stock has a market capitalization of $4.17 billion, a PE ratio of 11.39, a price-to-earnings-growth ratio of 0.51 and a beta of 1.92. PagSeguro Digital has a 52 week low of $6.93 and a 52 week high of $14.98.

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

Hedge Funds Weigh In On PagSeguro Digital

Several large investors have recently made changes to their positions in the company. Headlands Technologies LLC purchased a new stake in PagSeguro Digital in the 1st quarter worth $30,000. Covestor Ltd increased its holdings in PagSeguro Digital by 11,990.2% in the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock worth $71,000 after acquiring an additional 4,916 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in PagSeguro Digital by 34.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock worth $64,000 after acquiring an additional 1,330 shares in the last quarter. Principal Securities Inc. purchased a new stake in PagSeguro Digital in the 4th quarter worth $69,000. Finally, Canton Hathaway LLC purchased a new stake in PagSeguro Digital in the 4th quarter worth $69,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Company Profile

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.