Analysts Set PagSeguro Digital Ltd. (NYSE:PAGS) PT at $13.18

PagSeguro Digital Ltd. (NYSE:PAGS) has received an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $13.18.

PAGS has been the topic of several recent analyst reports. KeyCorp raised PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. lowered their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Susquehanna lowered their price target on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research report on Monday, November 18th. Citigroup reaffirmed a “neutral” rating and set a $7.00 price target (down previously from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. Finally, Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th.

PagSeguro Digital Stock Performance

Shares of PagSeguro Digital stock opened at $8.19 on Tuesday. The business’s 50 day simple moving average is $6.94 and its 200 day simple moving average is $8.42. PagSeguro Digital has a 52-week low of $6.11 and a 52-week high of $14.98. The firm has a market cap of $2.70 billion, a PE ratio of 6.76, a P/E/G ratio of 0.51 and a beta of 1.95.

Hedge Funds Weigh In On PagSeguro Digital

Large investors have recently made changes to their positions in the stock. Millennium Management LLC raised its position in PagSeguro Digital by 870.4% during the fourth quarter. Millennium Management LLC now owns 6,271,376 shares of the company’s stock valued at $39,259,000 after purchasing an additional 5,625,121 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of PagSeguro Digital in the third quarter worth about $38,151,000. Sylebra Capital LLC increased its holdings in shares of PagSeguro Digital by 53.0% in the fourth quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company’s stock worth $76,020,000 after buying an additional 4,208,192 shares during the period. Marshall Wace LLP increased its holdings in shares of PagSeguro Digital by 307.4% in the fourth quarter. Marshall Wace LLP now owns 4,459,616 shares of the company’s stock worth $27,917,000 after buying an additional 3,364,926 shares during the period. Finally, State Street Corp increased its holdings in shares of PagSeguro Digital by 50.8% in the third quarter. State Street Corp now owns 5,908,054 shares of the company’s stock worth $50,868,000 after buying an additional 1,990,849 shares during the period. 45.88% of the stock is 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.