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

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $14.98.

A number of equities analysts recently issued reports on the company. New Street Research raised PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their price target for the company from $15.00 to $18.00 in a report on Monday, March 18th. Barclays increased their target price on shares of PagSeguro Digital from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Monday, March 4th. Citigroup upped their price objective on shares of PagSeguro Digital from $13.00 to $16.00 and gave the company a “buy” rating in a research note on Wednesday, March 20th. Evercore ISI upgraded PagSeguro Digital from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $12.00 to $18.00 in a research report on Tuesday. Finally, The Goldman Sachs Group raised PagSeguro Digital from a “sell” rating to a “neutral” rating and boosted their target price for the company from $7.40 to $13.80 in a report on Monday, January 22nd.

Institutional Investors Weigh In On PagSeguro Digital

Several large investors have recently modified their holdings of PAGS. BlackRock Inc. lifted its position in PagSeguro Digital by 672.4% in the second quarter. BlackRock Inc. now owns 28,839,358 shares of the company’s stock valued at $272,244,000 after purchasing an additional 25,105,756 shares during the period. Capital World Investors lifted its holdings in shares of PagSeguro Digital by 15.1% in the 1st quarter. Capital World Investors now owns 20,291,708 shares of the company’s stock valued at $406,848,000 after buying an additional 2,666,516 shares during the period. Sylebra Capital Ltd boosted its stake in shares of PagSeguro Digital by 3.5% in the first quarter. Sylebra Capital Ltd now owns 13,295,793 shares of the company’s stock valued at $113,945,000 after buying an additional 443,953 shares in the last quarter. Point72 Asset Management L.P. grew its holdings in PagSeguro Digital by 9.0% during the fourth quarter. Point72 Asset Management L.P. now owns 10,924,410 shares of the company’s stock worth $136,227,000 after acquiring an additional 906,510 shares during the period. Finally, Sylebra Capital LLC raised its position in PagSeguro Digital by 2.5% in the fourth quarter. Sylebra Capital LLC now owns 9,529,014 shares of the company’s stock worth $118,827,000 after acquiring an additional 234,189 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Trading Down 0.6 %

Shares of PAGS stock opened at $14.28 on Friday. The company has a market cap of $4.71 billion, a P/E ratio of 13.86, a PEG ratio of 0.78 and a beta of 1.78. The firm has a fifty day moving average price of $13.45 and a 200 day moving average price of $10.98. PagSeguro Digital has a 12 month low of $6.93 and a 12 month high of $14.98.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.04. PagSeguro Digital had a return on equity of 13.94% and a net margin of 10.37%. The company had revenue of $877.60 million during the quarter, compared to the consensus estimate of $786.91 million. On average, equities analysts forecast that PagSeguro Digital will post 1.28 EPS for the current year.

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.