PagSeguro Digital (NYSE:PAGS) Price Target Lowered to $12.00 at JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. cut its price target for PagSeguro Digital from $13.00 to $12.00 and kept a "neutral" rating, implying about a 13% upside from the then-current share price.
• Analyst views are mixed: UBS raised its target to $14.00 with a "buy" rating, while the consensus across nine analysts is a "Moderate Buy" with an average price target of $11.71.
• Director Luis Frias bought 498,500 shares at an average price of $9.96 (~$4.97M), increasing his stake by 22.9%, marking notable insider confidence.

PagSeguro Digital (NYSE:PAGS - Get Free Report) had its target price reduced by JPMorgan Chase & Co. from $13.00 to $12.00 in a report issued on Monday,Benzinga reports. The firm currently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price objective suggests a potential upside of 13.15% from the company's current price.

Several other brokerages have also issued reports on PAGS. Weiss Ratings reaffirmed a "hold (c)" rating on shares of PagSeguro Digital in a research note on Thursday, January 22nd. Wall Street Zen lowered PagSeguro Digital from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Finally, UBS Group upped their price target on PagSeguro Digital from $13.00 to $14.00 and gave the company a "buy" rating in a research note on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, PagSeguro Digital has an average rating of "Moderate Buy" and an average price target of $11.71.

PagSeguro Digital Stock Performance

Shares of NYSE:PAGS traded down $0.07 during trading on Monday, hitting $10.61. 352,129 shares of the stock were exchanged, compared to its average volume of 4,053,856. PagSeguro Digital has a 1-year low of $7.74 and a 1-year high of $12.32. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 8.29, a price-to-earnings-growth ratio of 0.43 and a beta of 1.42. The company's fifty day simple moving average is $10.39 and its 200-day simple moving average is $10.03.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. PagSeguro Digital had a return on equity of 16.20% and a net margin of 10.37%.The business had revenue of $991.79 million for the quarter, compared to analyst estimates of $1.03 billion. On average, research analysts forecast that PagSeguro Digital will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling at PagSeguro Digital

In related news, Director Luis Frias bought 498,500 shares of the company's stock in a transaction that occurred on Friday, March 27th. The shares were acquired at an average price of $9.96 per share, for a total transaction of $4,965,060.00. Following the completion of the acquisition, the director owned 2,673,605 shares of the company's stock, valued at approximately $26,629,105.80. The trade was a 22.92% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Institutional Trading of PagSeguro Digital

Institutional investors and hedge funds have recently bought and sold shares of the business. Causeway Capital Management LLC increased its stake in shares of PagSeguro Digital by 44.6% during the third quarter. Causeway Capital Management LLC now owns 3,892,125 shares of the company's stock worth $38,921,000 after purchasing an additional 1,200,587 shares during the period. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of PagSeguro Digital during the third quarter worth approximately $3,864,000. Segall Bryant & Hamill LLC bought a new position in shares of PagSeguro Digital during the third quarter worth approximately $1,675,000. Principal Financial Group Inc. increased its stake in shares of PagSeguro Digital by 43.9% during the third quarter. Principal Financial Group Inc. now owns 788,922 shares of the company's stock worth $7,889,000 after purchasing an additional 240,846 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of PagSeguro Digital by 508.4% during the third quarter. SG Americas Securities LLC now owns 194,856 shares of the company's stock worth $1,949,000 after purchasing an additional 162,828 shares during the period. Institutional investors own 45.88% of the company's stock.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company's product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.