PagSeguro Digital (NYSE:PAGS) Rating Increased to Buy at Wall Street Zen

Key Points

• PagSeguro Digital's stock rating has been upgraded from "hold" to "buy" by Wall Street Zen, indicating positive sentiment among analysts.
• The company reported earnings of $0.34 per share for the latest quarter, exceeding analysts' expectations of $0.31, along with revenue of $930.17 million.
• Currently, PagSeguro Digital has a market capitalization of $2.87 billion and substantial recent activity from institutional investors, with 45.88% of the shares owned by them.

PagSeguro Digital (NYSE:PAGS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday.

Other equities analysts have also issued reports about the company. Susquehanna decreased their price target on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research note on Wednesday, May 14th. JPMorgan Chase & Co. increased their price target on PagSeguro Digital from $12.00 to $13.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $11.36.

PagSeguro Digital Price Performance

Shares of PAGS stock opened at $8.7050 on Friday. PagSeguro Digital has a 12-month low of $6.11 and a 12-month high of $11.97. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 7.02, a price-to-earnings-growth ratio of 0.57 and a beta of 1.57. The business has a 50 day simple moving average of $8.74 and a 200 day simple moving average of $8.55.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its quarterly earnings results on Thursday, August 14th. The company reported $0.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.31 by $0.03. The firm had revenue of $930.17 million during the quarter, compared to analyst estimates of $901.10 million. PagSeguro Digital had a return on equity of 15.52% and a net margin of 11.04%. On average, equities analysts anticipate that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

Institutional Trading of PagSeguro Digital

Several hedge funds and other institutional investors have recently modified their holdings of PAGS. PNC Financial Services Group Inc. acquired a new stake in shares of PagSeguro Digital in the first quarter worth $26,000. GAMMA Investing LLC raised its holdings in shares of PagSeguro Digital by 61.2% during the second quarter. GAMMA Investing LLC now owns 3,510 shares of the company's stock worth $34,000 after acquiring an additional 1,333 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of PagSeguro Digital by 626.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock worth $39,000 after acquiring an additional 4,435 shares in the last quarter. CWM LLC raised its holdings in shares of PagSeguro Digital by 78.1% during the second quarter. CWM LLC now owns 4,073 shares of the company's stock worth $39,000 after acquiring an additional 1,786 shares in the last quarter. Finally, State of Wyoming raised its holdings in shares of PagSeguro Digital by 32.8% during the fourth quarter. State of Wyoming now owns 6,436 shares of the company's stock worth $40,000 after acquiring an additional 1,591 shares in the last quarter. Institutional investors and hedge funds 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.

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