PagSeguro Digital’s (PAGS) Neutral Rating Reaffirmed at Citigroup

Citigroup reiterated their neutral rating on shares of PagSeguro Digital (NYSE:PAGS) in a report published on Thursday, MarketBeat reports. Citigroup currently has a $7.00 price target on the stock, down from their previous price target of $17.00.

Other research analysts have also recently issued reports about the stock. Barclays decreased their price objective on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Bank of America reiterated a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. The Goldman Sachs Group decreased their price objective on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday, November 15th. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $13.18.

PagSeguro Digital Trading Down 4.0 %

Shares of NYSE:PAGS opened at $6.65 on Thursday. The firm’s 50 day moving average is $7.05 and its two-hundred day moving average is $9.35. PagSeguro Digital has a 52 week low of $6.11 and a 52 week high of $14.98. The firm has a market capitalization of $2.19 billion, a P/E ratio of 5.49, a PEG ratio of 0.40 and a beta of 1.94.

Institutional Trading of PagSeguro Digital

Large investors have recently added to or reduced their stakes in the business. Truvestments Capital LLC boosted 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 purchasing an additional 1,923 shares during the period. Point72 Hong Kong Ltd boosted its stake in PagSeguro Digital by 34.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock worth $93,000 after purchasing an additional 2,767 shares during the period. Quarry LP boosted its stake in PagSeguro Digital by 156.2% in the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock worth $73,000 after purchasing an additional 3,806 shares during the period. Mackenzie Financial Corp boosted its stake in PagSeguro Digital by 18.4% in the 2nd quarter. Mackenzie Financial Corp now owns 36,070 shares of the company’s stock worth $422,000 after purchasing an additional 5,596 shares during the period. Finally, EverSource Wealth Advisors LLC acquired a new position in PagSeguro Digital in the 2nd quarter worth approximately $74,000. 45.88% of the stock is currently 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.