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

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have been given an average recommendation of “Moderate Buy” by the thirteen analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $13.18.

A number of analysts recently issued reports on PAGS shares. Citigroup reissued a “neutral” rating and set a $7.00 price objective (down previously from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. Susquehanna reduced their price objective on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, November 18th. The Goldman Sachs Group reduced their price objective on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, November 15th. KeyCorp raised PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. reduced their price objective on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, December 16th.

PagSeguro Digital Stock Down 1.5 %

Shares of PagSeguro Digital stock opened at $8.04 on Tuesday. The stock has a market cap of $2.65 billion, a PE ratio of 6.64, a price-to-earnings-growth ratio of 0.51 and a beta of 1.95. The business has a fifty day simple moving average of $6.96 and a 200-day simple moving average of $8.37. PagSeguro Digital has a 12 month low of $6.11 and a 12 month high of $14.98.

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

Hedge Funds Weigh In On PagSeguro Digital

A number of institutional investors have recently made changes to their positions in PAGS. Millennium Management LLC increased its stake in shares of PagSeguro Digital by 870.4% in the fourth quarter. Millennium Management LLC now owns 6,271,376 shares of the company’s stock worth $39,259,000 after purchasing an additional 5,625,121 shares during the period. SPX Gestao de Recursos Ltda bought a new position in shares of PagSeguro Digital in the third quarter worth about $38,151,000. Sylebra Capital LLC increased its stake 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 purchasing an additional 4,208,192 shares during the period. Marshall Wace LLP increased its stake 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 purchasing an additional 3,364,926 shares during the period. Finally, State Street Corp increased its stake 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 purchasing an additional 1,990,849 shares during the period. 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.