PagSeguro Digital (NYSE:PAGS) Lowered to “Market Perform” at Itau BBA Securities

Itau BBA Securities lowered shares of PagSeguro Digital (NYSE:PAGS) from an outperform rating to a market perform rating in a research note issued to investors on Tuesday, MarketBeat.com reports. The firm currently has $12.00 price target on the stock.

A number of other brokerages have also recently issued reports on PAGS. Morgan Stanley restated an underweight rating and set a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. UBS Group lowered their target price on PagSeguro Digital from $16.50 to $15.50 and set a buy rating on the stock in a report on Monday, July 8th. JPMorgan Chase & Co. boosted their price target on PagSeguro Digital from $14.00 to $15.00 and gave the stock a neutral rating in a report on Monday, June 17th. The Goldman Sachs Group raised PagSeguro Digital from a neutral rating to a buy rating and set a $15.00 price objective on the stock in a research note on Wednesday, June 26th. Finally, Barclays cut their target price on shares of PagSeguro Digital from $18.00 to $16.00 and set an overweight rating for the company in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $14.80.

PagSeguro Digital Price Performance

Shares of NYSE:PAGS opened at $8.23 on Tuesday. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 0.46 and a beta of 1.94. The business’s 50 day simple moving average is $10.79 and its 200-day simple moving average is $11.96. PagSeguro Digital has a 12 month low of $6.93 and a 12 month high of $14.98.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. During the same period in the previous year, the business earned $0.26 earnings per share. On average, equities analysts anticipate that PagSeguro Digital will post 1.19 earnings per share for the current year.

Hedge Funds Weigh In On PagSeguro Digital

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Point72 Asset Management L.P. increased its stake in PagSeguro Digital by 9.0% during the fourth quarter. Point72 Asset Management L.P. now owns 10,924,410 shares of the company’s stock worth $136,227,000 after acquiring an additional 906,510 shares during the last quarter. Sylebra Capital LLC grew its holdings in shares of PagSeguro Digital by 0.7% during the 1st quarter. Sylebra Capital LLC now owns 9,593,685 shares of the company’s stock worth $136,998,000 after purchasing an additional 64,671 shares during the period. Marshall Wace LLP increased its position in PagSeguro Digital by 55.5% during the 2nd quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock worth $81,770,000 after purchasing an additional 2,497,968 shares in the last quarter. Polunin Capital Partners Ltd raised its holdings in PagSeguro Digital by 12.3% in the first quarter. Polunin Capital Partners Ltd now owns 4,088,380 shares of the company’s stock valued at $58,382,000 after buying an additional 447,411 shares during the period. Finally, Millennium Management LLC increased its position 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 worth $44,585,000 after acquiring an additional 2,040,704 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.