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

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have received an average recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, six have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $14.40.

A number of analysts have recently issued reports on PAGS shares. The Goldman Sachs Group lowered their price objective on PagSeguro Digital from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Cantor Fitzgerald raised shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Barclays dropped their price objective on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research note on Tuesday, October 15th. Morgan Stanley reiterated an “underweight” rating and set a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Finally, Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research note on Tuesday, October 1st.

PagSeguro Digital Price Performance

NYSE PAGS opened at $8.12 on Friday. The company’s fifty day moving average is $8.73 and its two-hundred day moving average is $11.07. PagSeguro Digital has a 52-week low of $7.29 and a 52-week high of $14.98. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 6.94, a P/E/G ratio of 0.42 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. During the same period last year, the business earned $0.26 earnings per share. As a group, sell-side analysts expect that PagSeguro Digital will post 1.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of PAGS. Sylebra Capital LLC raised its holdings in shares of PagSeguro Digital by 0.7% in the first quarter. Sylebra Capital LLC now owns 9,593,685 shares of the company’s stock valued at $136,998,000 after buying an additional 64,671 shares during the last quarter. Marshall Wace LLP raised its stake in shares of PagSeguro Digital by 55.5% in the second quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock worth $81,770,000 after acquiring an additional 2,497,968 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of PagSeguro Digital by 26.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock worth $47,168,000 after purchasing an additional 1,144,590 shares in the last quarter. Millennium Management LLC lifted its position in shares of PagSeguro Digital by 115.1% during the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock worth $44,585,000 after purchasing an additional 2,040,704 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of PagSeguro Digital by 35.7% during the second quarter. Acadian Asset Management LLC now owns 2,454,259 shares of the company’s stock valued at $28,670,000 after purchasing an additional 645,562 shares during the last quarter. Institutional investors own 45.88% of the company’s stock.

About PagSeguro Digital

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.