PagSeguro Digital Ltd. (NYSE:PAGS) Given Average Recommendation of "Moderate Buy" by Analysts

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the nine brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $15.20.

Several research analysts recently weighed in on the company. Evercore ISI upgraded PagSeguro Digital from an "in-line" rating to an "outperform" rating and lifted their price target for the company from $12.00 to $18.00 in a research report on Tuesday, March 26th. Citigroup raised their price target on shares of PagSeguro Digital from $13.00 to $16.00 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Cantor Fitzgerald upped their price objective on shares of PagSeguro Digital from $14.00 to $16.00 and gave the stock an "overweight" rating in a research report on Monday, March 4th. Barclays increased their target price on shares of PagSeguro Digital from $17.00 to $18.00 and gave the stock an "overweight" rating in a research note on Monday, April 29th. Finally, New Street Research upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and increased their price target for the stock from $15.00 to $18.00 in a research report on Monday, March 18th.

PagSeguro Digital Price Performance

PAGS traded down $0.02 on Friday, reaching $12.76. 1,280,384 shares of the stock were exchanged, compared to its average volume of 2,968,884. 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 capitalization of $4.21 billion, a PE ratio of 12.39, a PEG ratio of 0.68 and a beta of 1.82. The company's 50-day moving average price is $13.07 and its 200 day moving average price is $12.13.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAGS. Headlands Technologies LLC purchased a new stake in shares of PagSeguro Digital in the first quarter valued at approximately $30,000. Nisa Investment Advisors LLC raised its holdings in shares of PagSeguro Digital by 34.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company's stock worth $64,000 after acquiring an additional 1,330 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of PagSeguro Digital by 48.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 7,809 shares of the company's stock valued at $67,000 after purchasing an additional 2,560 shares during the period. Canton Hathaway LLC acquired a new stake in PagSeguro Digital during the fourth quarter worth about $69,000. Finally, Principal Securities Inc. purchased a new position in PagSeguro Digital during the fourth quarter worth about $69,000. Hedge funds and other institutional investors own 45.88% of the company's stock.

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.