Analysts Set PagSeguro Digital Ltd. (NYSE:PAGS) PT at $10.98

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have earned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $10.9833.

Several analysts have recently commented on PAGS shares. Wall Street Zen downgraded shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Autonomous Res downgraded shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th. Bank of America lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Wednesday, July 15th. Weiss Ratings cut shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Finally, Jefferies Financial Group assumed coverage on shares of PagSeguro Digital in a research note on Thursday, July 23rd. They issued a “hold” rating and a $10.40 price target for the company.

Insider Activity

In other news, insider Da Silva Ricardo Dutra sold 25,000 shares of the stock in a transaction dated Monday, July 20th. The shares were sold at an average price of $9.24, for a total transaction of $231,000.00. Following the transaction, the insider owned 25,000 shares of the company’s stock, valued at $231,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of PagSeguro Digital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its holdings in PagSeguro Digital by 77.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock worth $40,000 after acquiring an additional 1,821 shares in the last quarter. GAMMA Investing LLC grew its stake in PagSeguro Digital by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock valued at $45,000 after acquiring an additional 1,249 shares during the period. Atlas Capital Advisors Inc. bought a new stake in shares of PagSeguro Digital during the fourth quarter valued at approximately $45,000. Meeder Asset Management Inc. bought a new stake in shares of PagSeguro Digital during the fourth quarter valued at approximately $53,000. Finally, Osaic Holdings Inc. raised its position in shares of PagSeguro Digital by 93.4% during the second quarter. Osaic Holdings Inc. now owns 7,891 shares of the company’s stock worth $76,000 after purchasing an additional 3,810 shares during the period. 45.88% of the stock is owned by institutional investors.

PagSeguro Digital Price Performance

Shares of PagSeguro Digital stock opened at $9.85 on Tuesday. PagSeguro Digital has a one year low of $7.74 and a one year high of $12.32. The stock’s 50-day moving average is $9.09 and its 200 day moving average is $9.92. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 0.47 and a beta of 1.32.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%.The business had revenue of $642.01 million during the quarter, compared to the consensus estimate of $952.64 million. On average, sell-side analysts expect that PagSeguro Digital will post 1.69 EPS for the current fiscal year.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.