PagSeguro Digital (NYSE:PAGS) Given New $16.00 Price Target at Susquehanna

PagSeguro Digital (NYSE:PAGS) had its price objective lowered by Susquehanna from $19.00 to $16.00 in a report released on Monday morning,Benzinga reports. The brokerage currently has a positive rating on the stock.

Several other equities analysts have also recently issued reports on the company. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Morgan Stanley reissued an “underweight” rating and issued a $6.50 target price (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. The Goldman Sachs Group decreased their price target on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, November 15th. Barclays dropped their price objective on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Finally, Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.36.

PagSeguro Digital Price Performance

Shares of PagSeguro Digital stock opened at $7.52 on Monday. The firm’s fifty day simple moving average is $8.40 and its 200-day simple moving average is $10.82. PagSeguro Digital has a 12 month low of $7.35 and a 12 month high of $14.98. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 6.21, a PEG ratio of 0.39 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The company had revenue of $874.38 million for the quarter, compared to analyst estimates of $816.34 million. During the same period in the previous year, the business posted $0.26 earnings per share. Analysts anticipate that PagSeguro Digital will post 1.19 earnings per share for the current year.

Hedge Funds Weigh In On PagSeguro Digital

Several hedge funds have recently bought and sold shares of the company. Y.D. More Investments Ltd increased its position in shares of PagSeguro Digital by 82.5% in the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after buying an additional 1,800 shares in the last quarter. Family Firm Inc. acquired a new stake in PagSeguro Digital in the 2nd quarter valued at about $50,000. Covestor Ltd increased its holdings in PagSeguro Digital by 11,990.2% during the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after acquiring an additional 4,916 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in PagSeguro Digital during the second quarter worth about $74,000. Finally, Quarry LP lifted its holdings in shares of PagSeguro Digital by 156.2% in the second quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after purchasing an additional 3,806 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

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.