PagSeguro Digital (NYSE:PAGS) Stock Rating Upgraded by The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of PagSeguro Digital (NYSE:PAGS) from a neutral rating to a buy rating in a research note released on Wednesday, Marketbeat.com reports. They currently have $15.00 target price on the stock.

Several other equities research analysts have also recently issued reports on the company. Evercore ISI upgraded PagSeguro Digital from an in-line rating to an outperform rating and lifted their price objective for the stock from $12.00 to $18.00 in a report on Tuesday, March 26th. Citigroup lifted their price objective on PagSeguro Digital from $13.00 to $16.00 and gave the stock a buy rating in a report on Wednesday, March 20th. Barclays lifted their price objective on PagSeguro Digital from $17.00 to $18.00 and gave the stock an overweight rating in a report on Monday, April 29th. New Street Research upgraded PagSeguro Digital from a neutral rating to a buy rating and lifted their price objective for the stock from $15.00 to $18.00 in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. lifted their price objective on PagSeguro Digital from $14.00 to $15.00 and gave the stock a neutral rating in a report on Monday, June 17th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $16.25.

PagSeguro Digital Stock Down 0.9 %

Shares of PagSeguro Digital stock opened at $11.68 on Wednesday. PagSeguro Digital has a twelve month low of $6.93 and a twelve month high of $14.98. The business has a 50-day moving average price of $12.10 and a 200 day moving average price of $12.65. The firm has a market cap of $3.85 billion, a PE ratio of 10.52, a P/E/G ratio of 0.48 and a beta of 1.97.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Friday, May 24th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.03. PagSeguro Digital had a return on equity of 14.51% and a net margin of 10.70%. The firm had revenue of $869.86 million during the quarter, compared to analyst estimates of $679.16 million. On average, sell-side analysts expect that PagSeguro Digital will post 1.44 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in shares of PagSeguro Digital during the 1st quarter worth approximately $30,000. Covestor Ltd lifted its holdings in 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 acquiring an additional 4,916 shares during the last quarter. Nisa Investment Advisors LLC lifted its holdings in PagSeguro Digital by 34.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock valued at $64,000 after acquiring an additional 1,330 shares during the last quarter. Principal Securities Inc. acquired a new position in PagSeguro Digital in the fourth quarter valued at approximately $69,000. Finally, Canton Hathaway LLC acquired a new position in PagSeguro Digital in the fourth quarter valued at approximately $69,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

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.