Susquehanna Has Lowered Expectations for PagSeguro Digital (NYSE:PAGS) Stock Price

PagSeguro Digital (NYSE:PAGS) had its price target trimmed by Susquehanna from $19.00 to $16.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a positive rating on the stock.

Several other analysts have also recently commented on PAGS. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. Morgan Stanley restated 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. The Goldman Sachs Group decreased their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Barclays decreased their target price on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 15th. 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 report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $14.36.

PagSeguro Digital Stock Down 0.2 %

Shares of PAGS stock opened at $7.55 on Monday. The stock has a market cap of $2.49 billion, a P/E ratio of 6.24, a PEG ratio of 0.39 and a beta of 1.95. PagSeguro Digital has a 52 week low of $7.35 and a 52 week high of $14.98. The company’s fifty day simple moving average is $8.40 and its two-hundred day simple moving average is $10.82.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The business had revenue of $874.38 million for the quarter, compared to analysts’ expectations of $816.34 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. During the same quarter in the previous year, the company earned $0.26 EPS. On average, analysts anticipate that PagSeguro Digital will post 1.19 EPS for the current fiscal year.

Institutional Trading of PagSeguro Digital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in PagSeguro Digital by 26.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock worth $79,000 after purchasing an additional 1,421 shares during the period. Y.D. More Investments Ltd grew its stake in PagSeguro Digital by 82.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after acquiring an additional 1,800 shares in the last quarter. Truvestments Capital LLC grew its stake in PagSeguro Digital by 9.9% in the 3rd quarter. Truvestments Capital LLC now owns 21,410 shares of the company’s stock worth $184,000 after acquiring an additional 1,923 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in PagSeguro Digital by 1.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company’s stock worth $1,297,000 after acquiring an additional 2,083 shares in the last quarter. Finally, Csenge Advisory Group grew its stake in PagSeguro Digital by 21.0% in the 2nd quarter. Csenge Advisory Group now owns 12,410 shares of the company’s stock worth $145,000 after acquiring an additional 2,152 shares in the last quarter. 45.88% of the stock is owned by hedge funds and other 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.