PagSeguro Digital (NYSE:PAGS) Raised to "Buy" at Citigroup

PagSeguro Digital (NYSE:PAGS - Get Free Report) was upgraded by investment analysts at Citigroup from a "neutral" rating to a "buy" rating in a report issued on Tuesday, MarketBeat.com reports. The firm currently has a $10.00 target price on the stock, up from their prior target price of $7.00. Citigroup's price target would indicate a potential upside of 1.32% from the stock's previous close.

PagSeguro Digital Trading Up 2.7 %

NYSE PAGS traded up $0.26 during trading on Tuesday, reaching $9.87. 4,434,587 shares of the company's stock were exchanged, compared to its average volume of 4,681,038. The firm has a market capitalization of $3.25 billion, a PE ratio of 8.16, a P/E/G ratio of 0.51 and a beta of 1.85. PagSeguro Digital has a fifty-two week low of $6.11 and a fifty-two week high of $14.82. The company's fifty day simple moving average is $8.08 and its 200-day simple moving average is $7.63.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly 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 net margin of 11.12% and a return on equity of 15.49%. Equities analysts forecast that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

Hedge Funds Weigh In On PagSeguro Digital

A number of hedge funds have recently modified their holdings of PAGS. Sylebra Capital LLC grew its stake in PagSeguro Digital by 53.0% in the fourth quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company's stock valued at $76,020,000 after purchasing an additional 4,208,192 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of PagSeguro Digital by 16.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock valued at $39,770,000 after buying an additional 874,777 shares during the last quarter. Millennium Management LLC grew its stake in shares of PagSeguro Digital by 870.4% in the 4th quarter. Millennium Management LLC now owns 6,271,376 shares of the company's stock valued at $39,259,000 after buying an additional 5,625,121 shares in the last quarter. Marshall Wace LLP increased its holdings in 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 buying an additional 3,364,926 shares during the last quarter. Finally, SPX Gestao de Recursos Ltda bought a new position in PagSeguro Digital during the third quarter valued at approximately $38,151,000. 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.