PagSeguro Digital (NYSE:PAGS) Price Target Raised to $12.00

PagSeguro Digital (NYSE:PAGS) had its price objective boosted by equities researchers at Susquehanna from $11.00 to $12.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s target price would suggest a potential upside of 26.92% from the stock’s previous close.

A number of other research firms have also recently commented on PAGS. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $9.00 target price (down previously from $12.00) on shares of PagSeguro Digital in a research note on Tuesday, October 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PagSeguro Digital in a research report on Wednesday, October 8th. 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 report on Friday, September 19th. Zacks Research cut shares of PagSeguro Digital from a “strong-buy” rating to a “hold” rating in a report on Friday, September 19th. Finally, Wall Street Zen lowered shares of PagSeguro Digital from a “strong-buy” rating to a “buy” rating in a report on Saturday, October 4th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Hold” and a consensus price target of $11.50.

PagSeguro Digital Stock Performance

PAGS stock traded up $0.07 during midday trading on Friday, reaching $9.46. 1,320,516 shares of the company traded hands, compared to its average volume of 4,955,055. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 7.34, a P/E/G ratio of 0.48 and a beta of 1.59. PagSeguro Digital has a 52-week low of $6.11 and a 52-week high of $11.16. The business has a 50 day moving average of $9.57 and a 200-day moving average of $9.14.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $937.15 million for the quarter, compared to analyst estimates of $971.30 million. PagSeguro Digital had a return on equity of 15.56% and a net margin of 11.00%. Research analysts anticipate that PagSeguro Digital will post 1.17 earnings per share for the current year.

Hedge Funds Weigh In On PagSeguro Digital

Several hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new stake in PagSeguro Digital in the first quarter valued at approximately $26,000. GAMMA Investing LLC increased its holdings in shares of PagSeguro Digital by 61.2% in the second quarter. GAMMA Investing LLC now owns 3,510 shares of the company’s stock valued at $34,000 after purchasing an additional 1,333 shares during the last quarter. CWM LLC increased its stake in shares of PagSeguro Digital by 78.1% in the 2nd quarter. CWM LLC now owns 4,073 shares of the company’s stock worth $39,000 after acquiring an additional 1,786 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in PagSeguro Digital during the third quarter worth about $46,000. Finally, Virtus Advisers LLC acquired a new position in PagSeguro Digital in the second quarter valued at approximately $51,000. 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.