PagSeguro Digital (NYSE:PAGS) Downgraded to “Market Perform” at Itau BBA Securities

Itau BBA Securities cut shares of PagSeguro Digital (NYSE:PAGS) from an outperform rating to a market perform rating in a research report released on Tuesday morning, MarketBeat reports. Itau BBA Securities currently has $12.00 price target on the stock.

Other analysts have also issued research reports about the stock. Morgan Stanley reiterated an underweight rating and set a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Barclays decreased their price target on shares of PagSeguro Digital from $18.00 to $16.00 and set an overweight rating for the company in a research report on Thursday, August 22nd. UBS Group decreased their price target on shares of PagSeguro Digital from $16.50 to $15.50 and set a buy rating for the company in a research report on Monday, July 8th. The Goldman Sachs Group raised shares of PagSeguro Digital from a neutral rating to a buy rating and set a $15.00 price target for the company in a research report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of PagSeguro Digital from $14.00 to $15.00 and gave the stock a neutral rating in a research report on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average target price of $14.80.

PagSeguro Digital Stock Down 1.6 %

PAGS opened at $8.48 on Tuesday. The firm has a market capitalization of $2.79 billion, a P/E ratio of 7.64, a P/E/G ratio of 0.47 and a beta of 1.95. The firm’s 50 day moving average is $11.20 and its 200-day moving average is $12.09. PagSeguro Digital has a 52-week low of $6.93 and a 52-week high of $14.98.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $874.38 million for the quarter, compared to analyst estimates of $816.34 million. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. During the same quarter last year, the firm posted $0.26 earnings per share. Equities analysts expect that PagSeguro Digital will post 1.19 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PagSeguro Digital

Hedge funds have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in PagSeguro Digital in the first quarter valued at $30,000. Y.D. More Investments Ltd lifted its stake in PagSeguro Digital by 82.5% in the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after buying an additional 1,800 shares during the last quarter. Family Firm Inc. bought a new stake in PagSeguro Digital in the second quarter valued at $50,000. Covestor Ltd lifted its stake in PagSeguro Digital by 11,990.2% in the first quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after buying an additional 4,916 shares during the last quarter. Finally, Quarry LP lifted its stake in PagSeguro Digital by 156.2% in the second quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after buying an additional 3,806 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors.

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.