PagSeguro Digital Ltd. (NYSE:PAGS) Receives $15.09 Average PT from Analysts

Shares of PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the nine brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $15.09.

Several equities research analysts recently commented on the stock. Barclays boosted their price target on shares of PagSeguro Digital from $15.00 to $17.00 and gave the stock an "overweight" rating in a report on Monday, March 4th. Evercore ISI raised PagSeguro Digital from an "in-line" rating to an "outperform" rating and increased their target price for the company from $12.00 to $18.00 in a report on Tuesday, March 26th. Cantor Fitzgerald increased their price objective on PagSeguro Digital from $14.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, March 4th. Citigroup lifted their target price on shares of PagSeguro Digital from $13.00 to $16.00 and gave the stock a "buy" rating in a research note on Wednesday, March 20th. Finally, New Street Research upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and increased their target price for the company from $15.00 to $18.00 in a research report on Monday, March 18th.

PagSeguro Digital Price Performance

PAGS stock traded down $0.16 during midday trading on Wednesday, hitting $11.69. 3,375,620 shares of the stock traded hands, compared to its average volume of 3,211,129. The stock's fifty day simple moving average is $13.30 and its 200-day simple moving average is $11.51. The firm has a market cap of $3.85 billion, a P/E ratio of 11.35, a PEG ratio of 0.63 and a beta of 1.78. PagSeguro Digital has a 1-year low of $6.93 and a 1-year high of $14.98.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its earnings results on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.04. The firm had revenue of $877.60 million for the quarter, compared to analysts' expectations of $786.91 million. PagSeguro Digital had a return on equity of 13.94% and a net margin of 10.37%. On average, research analysts predict that PagSeguro Digital will post 1.29 earnings per share for the current year.

Institutional Trading of PagSeguro Digital

Hedge funds and other institutional investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of PagSeguro Digital by 1,238.3% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 999,700 shares of the company's stock valued at $8,607,000 after buying an additional 925,000 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of PagSeguro Digital by 8.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,110,575 shares of the company's stock worth $9,562,000 after purchasing an additional 87,612 shares in the last quarter. Barclays PLC boosted its stake in shares of PagSeguro Digital by 5.6% in the third quarter. Barclays PLC now owns 73,550 shares of the company's stock valued at $635,000 after purchasing an additional 3,907 shares during the period. Sylebra Capital LLC acquired a new position in shares of PagSeguro Digital in the third quarter valued at approximately $80,028,000. Finally, Prudential PLC increased its stake in PagSeguro Digital by 37.0% during the 3rd quarter. Prudential PLC now owns 57,405 shares of the company's stock worth $494,000 after buying an additional 15,501 shares during the period. 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.