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

Key Points

• PagSeguro Digital has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, with other analysts also lowering their ratings recently.
• The company's stock saw a trading decline of 2.3%, with an opening price of $9.36 and a target of $12.33 according to average analyst estimates.
• PagSeguro Digital reported a quarterly earnings per share (EPS) of $0.34, exceeding expectations, with revenues of $930.17 million for the same period.

PagSeguro Digital (NYSE:PAGS - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research note issued on Saturday.

Other equities analysts have also recently issued reports about the company. Zacks Research cut PagSeguro Digital from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 19th. Weiss Ratings reiterated a "hold (c)" rating on shares of PagSeguro Digital in a research note on Saturday, September 27th. JPMorgan Chase & Co. lifted their target price on PagSeguro Digital from $12.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 16th. Finally, Bank of America upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $10.00 to $13.00 in a research note on Friday, September 19th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $12.33.

PagSeguro Digital Trading Down 2.3%

NYSE PAGS opened at $9.36 on Friday. The company has a fifty day simple moving average of $9.15 and a 200 day simple moving average of $8.95. PagSeguro Digital has a 12-month low of $6.11 and a 12-month high of $11.16. The company has a market cap of $3.08 billion, a P/E ratio of 7.54, a PEG ratio of 0.49 and a beta of 1.57.

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

Institutional Trading of PagSeguro Digital

A number of hedge funds have recently bought and sold shares of the company. Acadian Asset Management LLC lifted its position in PagSeguro Digital by 6.6% in the 2nd quarter. Acadian Asset Management LLC now owns 7,831,041 shares of the company's stock worth $75,445,000 after buying an additional 485,575 shares during the last quarter. Nuveen LLC bought a new stake in PagSeguro Digital in the 1st quarter worth approximately $59,603,000. Baupost Group LLC MA bought a new stake in PagSeguro Digital in the 2nd quarter worth approximately $24,100,000. Orbis Allan Gray Ltd bought a new stake in PagSeguro Digital in the 2nd quarter worth approximately $20,106,000. Finally, JPMorgan Chase & Co. lifted its position in PagSeguro Digital by 15.3% in the second quarter. JPMorgan Chase & Co. now owns 1,718,588 shares of the company's stock valued at $16,567,000 after purchasing an additional 228,633 shares during the last quarter. 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.

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