Brokerages Set PagSeguro Digital Ltd. (NYSE:PAGS) Price Target at $12.90

PagSeguro Digital Ltd. (NYSE:PAGS) has been assigned a consensus rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $12.33.

PAGS has been the subject of several research reports. Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Susquehanna decreased their price objective on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research note on Monday, November 18th. JPMorgan Chase & Co. decreased their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Citigroup restated a “neutral” rating and set a $7.00 price objective (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th.

PagSeguro Digital Trading Up 6.4 %

NYSE:PAGS opened at $8.31 on Friday. The company has a market cap of $2.74 billion, a PE ratio of 6.87, a P/E/G ratio of 0.51 and a beta of 2.04. PagSeguro Digital has a twelve month low of $6.11 and a twelve month high of $14.82. The company’s 50 day moving average is $7.34 and its two-hundred day moving average is $7.79.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $875.27 million for the quarter, compared to the consensus estimate of $872.66 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. As a group, analysts expect that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

Hedge Funds Weigh In On PagSeguro Digital

Large investors have recently made changes to their positions in the company. Jefferies Financial Group Inc. acquired a new position in PagSeguro Digital during the fourth quarter worth $6,577,000. Public Employees Retirement System of Ohio raised its position in PagSeguro Digital by 94.8% during the fourth quarter. Public Employees Retirement System of Ohio now owns 550,117 shares of the company’s stock worth $3,444,000 after acquiring an additional 267,765 shares during the period. Sylebra Capital LLC raised its position in PagSeguro Digital by 53.0% during the fourth quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company’s stock worth $76,020,000 after acquiring an additional 4,208,192 shares during the period. Voloridge Investment Management LLC raised its position in PagSeguro Digital by 53.9% during the fourth quarter. Voloridge Investment Management LLC now owns 2,766,492 shares of the company’s stock worth $17,318,000 after acquiring an additional 968,926 shares during the period. Finally, Sone Capital Management LLC acquired a new position in PagSeguro Digital during the fourth quarter worth $3,174,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

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.