Zacks Investment Research upgraded shares of PagSeguro Digital (NYSE:PAGS) from a hold rating to a buy rating in a research report released on Tuesday. They currently have $30.00 target price on the stock.

According to Zacks, “PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants and small and medium-sized businesses primarily in Brazil and internationally. The Company offers multiple digital payment solutions, in-person payments via point of sales devices and prepaid cards services. PagSeguro Digital Ltd. is headquartered in Sao Paulo, Brazil. “

Several other research firms also recently weighed in on PAGS. ValuEngine upgraded PagSeguro Digital from a hold rating to a buy rating in a report on Wednesday, October 3rd. Deutsche Bank reduced their target price on shares of PagSeguro Digital from $47.00 to $40.00 and set a buy rating for the company in a report on Friday, August 31st. Finally, Itau BBA Securities assumed coverage on shares of PagSeguro Digital in a report on Friday, July 27th. They issued an outperform rating and a $37.00 target price for the company. Two analysts have rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $35.58.

Shares of PAGS stock traded down $0.93 on Tuesday, hitting $24.51. The stock had a trading volume of 4,960,936 shares, compared to its average volume of 3,544,459. The company has a market capitalization of $3.45 billion and a P/E ratio of 43.00. PagSeguro Digital has a one year low of $23.14 and a one year high of $39.97.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Thursday, August 30th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. The firm had revenue of $279.20 million during the quarter, compared to the consensus estimate of $248.46 million. On average, analysts predict that PagSeguro Digital will post 0.8 EPS for the current year.

A number of institutional investors have recently made changes to their positions in PAGS. Cubist Systematic Strategies LLC bought a new position in PagSeguro Digital in the second quarter worth about $191,000. Partner Investment Management L.P. raised its holdings in PagSeguro Digital by 76.1% in the second quarter. Partner Investment Management L.P. now owns 8,981 shares of the company’s stock worth $249,000 after purchasing an additional 3,880 shares in the last quarter. Zions Bancorporation bought a new position in PagSeguro Digital in the second quarter worth about $256,000. Essex Investment Management Co. LLC purchased a new stake in shares of PagSeguro Digital during the third quarter worth about $269,000. Finally, JPMorgan Chase & Co. purchased a new stake in shares of PagSeguro Digital during the first quarter worth about $270,000.

About PagSeguro Digital

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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