PagSeguro Digital Ltd. (NYSE:PAGS) Receives Average Rating of “Hold” from Analysts

PagSeguro Digital Ltd. (NYSE:PAGS) has received a consensus rating of “Hold” from the eight analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $12.00.

PAGS has been the topic of several research reports. Autonomous Res downgraded shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Weiss Ratings restated a “hold (c+)” rating on shares of PagSeguro Digital in a report on Friday, May 8th. JPMorgan Chase & Co. lowered their price objective on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Finally, Wall Street Zen downgraded shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, May 16th.

PagSeguro Digital Stock Up 0.0%

PagSeguro Digital stock opened at $8.94 on Monday. PagSeguro Digital has a 12-month low of $7.74 and a 12-month high of $12.32. The firm’s fifty day moving average is $9.82 and its 200 day moving average is $10.11. The company has a market capitalization of $2.50 billion, a PE ratio of 6.58, a PEG ratio of 0.35 and a beta of 1.33.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. The company had revenue of $642.01 million for the quarter, compared to analyst estimates of $952.64 million. Sell-side analysts expect that PagSeguro Digital will post 1.7 EPS for the current fiscal year.

Insider Buying and Selling at PagSeguro Digital

In other PagSeguro Digital news, Director Alexandre Mr Magnani sold 200,000 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $11.26, for a total transaction of $2,252,000.00. Following the transaction, the director owned 607,390 shares in the company, valued at approximately $6,839,211.40. This represents a 24.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Luis Frias acquired 498,500 shares of the stock in a transaction 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 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. Additional details regarding this purchase are available in the official SEC disclosure.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Artemis Investment Management LLP raised its holdings in shares of PagSeguro Digital by 25.2% in the fourth quarter. Artemis Investment Management LLP now owns 6,764,422 shares of the company’s stock valued at $65,209,000 after purchasing an additional 1,363,223 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of PagSeguro Digital by 108.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock valued at $63,729,000 after purchasing an additional 3,435,211 shares during the last quarter. State Street Corp raised its holdings in shares of PagSeguro Digital by 3.1% in the fourth quarter. State Street Corp now owns 4,617,616 shares of the company’s stock valued at $44,514,000 after purchasing an additional 139,227 shares during the last quarter. Polunin Capital Partners Ltd raised its holdings in shares of PagSeguro Digital by 0.4% in the fourth quarter. Polunin Capital Partners Ltd now owns 4,450,160 shares of the company’s stock valued at $44,858,000 after purchasing an additional 16,700 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of PagSeguro Digital by 0.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,926,789 shares of the company’s stock valued at $37,854,000 after purchasing an additional 12,863 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Company Profile

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.