PagSeguro Digital (NYSE:PAGS) Stock Rating Cut to Neutral at Citigroup

PagSeguro Digital (NYSE:PAGS) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, MarketBeat reports. They presently have a $8.00 target price on the stock. Citigroup‘s target price would suggest a potential downside of 6.53% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. 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 report on Wednesday, July 15th. Weiss Ratings upgraded PagSeguro Digital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, October 13th. UBS Group reduced their price target on 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 PagSeguro Digital in a research note on Thursday, July 23rd. They set a “hold” rating and a $10.40 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $10.57.

PagSeguro Digital Price Performance

Shares of NYSE PAGS opened at $8.56 on Tuesday. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 5.99, a P/E/G ratio of 0.46 and a beta of 1.27. The stock’s fifty day moving average price is $9.76 and its two-hundred day moving average price is $9.85. PagSeguro Digital has a one year low of $7.50 and a one year high of $12.32.

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

Insider Transactions at PagSeguro Digital

In other PagSeguro Digital news, Director Alexandre Magnani sold 27,294 shares of the firm’s stock in a transaction dated Friday, October 23rd. The shares were sold at an average price of $11.43, for a total value of $311,970.42. Following the transaction, the director directly owned 57,390 shares of the company’s stock, valued at $655,967.70. This trade represents a 32.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 550,000 shares of company stock worth $6,034,146 in the last 90 days.

Institutional Trading of PagSeguro Digital

Institutional investors and hedge funds have recently made changes to their positions in the company. Signaturefd LLC increased its stake in PagSeguro Digital by 83.9% in the third quarter. Signaturefd LLC now owns 11,121 shares of the company’s stock valued at $99,000 after acquiring an additional 5,074 shares during the last quarter. SBI Securities Co. Ltd. increased its position in PagSeguro Digital by 38.1% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,471 shares of the company’s stock worth $40,000 after purchasing an additional 1,233 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in PagSeguro Digital by 849.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 21,536 shares of the company’s stock valued at $192,000 after purchasing an additional 19,267 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in PagSeguro Digital by 62.4% in the 3rd quarter. CWA Asset Management Group LLC now owns 223,004 shares of the company’s stock valued at $1,985,000 after purchasing an additional 85,644 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in PagSeguro Digital in the 2nd quarter valued at approximately $172,000. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd., operating under the PagBank brand, is a Brazilian financial technology company that provides payment and banking services to small and medium-sized businesses, independent professionals, and consumers. The company is part of the Universo Online (UOL) group and serves customers primarily in Brazil.

PagSeguro offers point-of-sale payment terminals and mobile payment solutions that allow merchants to accept credit, debit, contactless, and other electronic payments.