PagSeguro Digital Ltd. (NYSE:PAGS) Stock Has Average Price Target of $10.73 According to Analysts

PagSeguro Digital Ltd. (NYSE:PAGS) has been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $11.08.

PAGS has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a research note on Friday, September 18th. Bank of America lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a report on Wednesday, July 15th. UBS Group decreased their target price on shares of PagSeguro Digital from $12.50 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. Finally, Jefferies Financial Group began coverage on shares of PagSeguro Digital in a report on Thursday, July 23rd. They issued a “hold” rating and a $10.40 target price for the company.

Insider Buying and Selling

In other news, Director Alexandre Magnani sold 300,000 shares of the business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $10.95, for a total transaction of $3,285,000.00. Following the completion of the sale, the director directly owned 207,390 shares of the company’s stock, valued at $2,270,920.50. The trade was a 59.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Silva Dutra sold 25,000 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $9.24, for a total transaction of $231,000.00. Following the sale, the insider directly owned 25,000 shares of the company’s stock, valued at $231,000. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 460,677 shares of company stock worth $4,975,582.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. DGS Capital Management LLC boosted its stake in shares of PagSeguro Digital by 8.7% in the fourth quarter. DGS Capital Management LLC now owns 15,814 shares of the company’s stock valued at $152,000 after purchasing an additional 1,271 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in PagSeguro Digital by 77.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock worth $40,000 after buying an additional 1,821 shares during the period. First Trust Advisors LP increased its stake in PagSeguro Digital by 10.9% during the 1st quarter. First Trust Advisors LP now owns 18,678 shares of the company’s stock worth $187,000 after buying an additional 1,835 shares during the period. Royal Bank of Canada increased its stake in PagSeguro Digital by 3.7% during the 1st quarter. Royal Bank of Canada now owns 56,092 shares of the company’s stock worth $562,000 after buying an additional 1,998 shares during the period. Finally, Amundi increased its stake in PagSeguro Digital by 6.0% during the 1st quarter. Amundi now owns 54,586 shares of the company’s stock worth $547,000 after buying an additional 3,067 shares during the period. 45.88% of the stock is owned by hedge funds and other institutional investors.

PagSeguro Digital Trading Down 1.3%

PagSeguro Digital stock opened at $10.99 on Friday. The firm has a market capitalization of $3.08 billion, a P/E ratio of 7.69, a PEG ratio of 0.44 and a beta of 1.27. The stock has a fifty day moving average price of $9.42 and a 200 day moving average price of $9.51. PagSeguro Digital has a 52 week low of $8.42 and a 52 week high of $12.32.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.02. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. The firm had revenue of $942.97 million for the quarter, compared to the consensus estimate of $1 billion. As a group, equities analysts predict that PagSeguro Digital will post 1.65 EPS for the current year.

PagSeguro Digital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th were paid a dividend of $0.28 per share. This is an increase from PagSeguro Digital’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend was Wednesday, September 16th. PagSeguro Digital’s payout ratio is 78.32%.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazilian financial technology company that operates the PagBank ecosystem. The company provides payment acceptance and digital banking services primarily to micro, small and medium-sized businesses, self-employed professionals and individual consumers in Brazil.

Its products and services include point-of-sale payment terminals, online payment processing, digital accounts, payment cards, money transfers, bill payment and other financial services. PagSeguro also offers tools designed to help merchants manage transactions and business finances through digital platforms and mobile applications.

PagSeguro was developed as part of Brazil’s UOL group and became a publicly traded company on the New York Stock Exchange in 2018.