PagSeguro Digital (NYSE:PAGS) Price Target Lowered to $13.00 at Barclays

PagSeguro Digital (NYSE:PAGS) had its price target reduced by Barclays from $16.00 to $13.00 in a research note released on Tuesday, Benzinga reports. Barclays currently has an overweight rating on the stock.

Several other research firms have also issued reports on PAGS. UBS Group decreased their price target on shares of PagSeguro Digital from $16.50 to $15.50 and set a buy rating on the stock in a research report on Monday, July 8th. Cantor Fitzgerald raised PagSeguro Digital to a strong-buy rating in a research report on Thursday, October 3rd. Itau BBA Securities downgraded PagSeguro Digital from an outperform rating to a market perform rating and set a $12.00 target price for the company. in a report on Tuesday, October 1st. The Goldman Sachs Group raised PagSeguro Digital from a neutral rating to a buy rating and set a $15.00 price target on the stock in a research note on Wednesday, June 26th. Finally, JPMorgan Chase & Co. raised their target price on shares of 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 sell rating, two have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $14.50.

PagSeguro Digital Stock Down 1.6 %

Shares of PagSeguro Digital stock opened at $8.24 on Tuesday. The business has a fifty day simple moving average of $10.29 and a 200-day simple moving average of $11.67. PagSeguro Digital has a fifty-two week low of $6.93 and a fifty-two week high of $14.98. The firm has a market cap of $2.71 billion, a price-to-earnings ratio of 7.42, a price-to-earnings-growth ratio of 0.42 and a beta of 1.94.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share 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 net margin of 10.93% and a return on equity of 14.97%. During the same period in the prior year, the company earned $0.26 EPS. Analysts anticipate that PagSeguro Digital will post 1.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PAGS. Headlands Technologies LLC bought a new stake in shares of PagSeguro Digital in the 1st quarter valued at approximately $30,000. Y.D. More Investments Ltd grew its position in PagSeguro Digital by 82.5% in the second 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. Family Firm Inc. acquired a new position in shares of PagSeguro Digital during the 2nd quarter worth $50,000. Covestor Ltd raised its holdings in shares of PagSeguro Digital by 11,990.2% during the 1st 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, Quarry LP lifted its stake in shares of PagSeguro Digital by 156.2% in the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after purchasing an additional 3,806 shares during the last quarter. 45.88% of the stock is owned by institutional investors and hedge funds.

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.