PagSeguro Digital (NYSE:PAGS) PT Lowered to $14.00

PagSeguro Digital (NYSE:PAGS) had its target price cut by The Goldman Sachs Group from $16.00 to $14.00 in a research note released on Wednesday, Benzinga reports. They currently have a buy rating on the stock.

PAGS has been the subject of several other reports. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Barclays lowered their price objective 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. Morgan Stanley reissued an “underweight” rating and set a $6.50 price target (down from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Itau BBA Securities lowered PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a research report on Tuesday, October 1st. Finally, UBS Group lowered their target price on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating on the stock in a research note on Monday, July 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.40.

PagSeguro Digital Trading Up 0.4 %

NYSE:PAGS opened at $8.33 on Wednesday. The company has a 50-day moving average of $9.72 and a 200-day moving average of $11.42. PagSeguro Digital has a twelve month low of $6.93 and a twelve month high of $14.98. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 0.43 and a beta of 1.94.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $874.38 million during the quarter, compared to the consensus estimate of $816.34 million. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. During the same quarter in the prior year, the firm earned $0.26 EPS. On average, research analysts forecast that PagSeguro Digital will post 1.19 earnings per share for the current year.

Institutional Investors Weigh In On PagSeguro Digital

Large investors have recently bought and sold shares of the business. Headlands Technologies LLC acquired a new position in PagSeguro Digital in the 1st quarter valued at $30,000. Y.D. More Investments Ltd grew its position in shares of PagSeguro Digital by 82.5% in the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after purchasing an additional 1,800 shares during the last quarter. Family Firm Inc. bought a new position in shares of PagSeguro Digital in the second quarter worth about $50,000. Covestor Ltd raised its stake in shares of PagSeguro Digital by 11,990.2% in the first quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after purchasing an additional 4,916 shares in the last quarter. Finally, EverSource Wealth Advisors LLC bought a new position in PagSeguro Digital in the second quarter worth $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.