PagSeguro Digital Ltd. (NYSE:PAGS) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have been given a consensus recommendation of “Moderate Buy” by the nine ratings firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $15.09.

PAGS has been the subject of a number of analyst reports. Barclays upped their price objective on PagSeguro Digital from $15.00 to $17.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. New Street Research upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $15.00 to $18.00 in a research note on Monday, March 18th. Cantor Fitzgerald upped their price objective on PagSeguro Digital from $14.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, March 4th. Citigroup upped their price objective on PagSeguro Digital from $13.00 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Finally, The Goldman Sachs Group upgraded PagSeguro Digital from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $7.40 to $13.80 in a research note on Monday, January 22nd.

PagSeguro Digital Trading Up 7.3 %

Shares of PAGS stock opened at $12.68 on Wednesday. PagSeguro Digital has a twelve month low of $6.93 and a twelve month high of $14.98. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 0.68 and a beta of 1.78. The stock has a fifty day simple moving average of $13.23 and a two-hundred day simple moving average of $11.56.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.04. PagSeguro Digital had a return on equity of 13.94% and a net margin of 10.37%. The business had revenue of $877.60 million during the quarter, compared to analysts’ expectations of $786.91 million. Research analysts predict that PagSeguro Digital will post 1.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. increased its holdings in shares of PagSeguro Digital by 9.0% in the fourth 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 acquired a new position in shares of PagSeguro Digital in the third quarter valued at about $80,028,000. Norges Bank acquired a new position in shares of PagSeguro Digital in the fourth quarter valued at about $54,522,000. Polunin Capital Partners Ltd increased its holdings in shares of 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 purchasing an additional 447,411 shares during the period. Finally, SPX Gestao de Recursos Ltda increased its holdings in shares of PagSeguro Digital by 247.4% in the fourth quarter. SPX Gestao de Recursos Ltda now owns 3,759,906 shares of the company’s stock valued at $46,886,000 after purchasing an additional 2,677,659 shares during the period. 45.88% of the stock is 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.