PagSeguro Digital Ltd. (NYSE:PAGS) Stock Has Average Target Price of $10.57

PagSeguro Digital Ltd. (NYSE:PAGS) has been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $10.07.

A number of brokerages recently weighed in on PAGS. Jefferies Financial Group began coverage on PagSeguro Digital in a research note on Thursday, July 23rd. They set a “hold” rating and a $10.40 price objective for the company. UBS Group downgraded PagSeguro Digital from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $13.00 to $8.00 in a research report on Thursday, November 5th. Weiss Ratings lowered PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, November 3rd. Citigroup downgraded shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $13.00 to $8.00 in a report on Tuesday, October 27th. Finally, Bank of America lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price target for the company. in a research report on Wednesday, July 15th.

Insider Activity

In other news, Director Alexandre Magnani sold 300,000 shares of PagSeguro Digital stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $10.95, for a total value of $3,285,000.00. Following the transaction, the director owned 207,390 shares of the company’s stock, valued at $2,270,920.50. The trade was a 59.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 550,000 shares of company stock valued at $6,034,146.

Institutional Investors Weigh In On PagSeguro Digital

Hedge funds and other institutional investors have recently bought and sold shares of the company. Banco BTG Pactual S.A. increased its position in shares of PagSeguro Digital by 532.0% during the third quarter. Banco BTG Pactual S.A. now owns 131,634 shares of the company’s stock worth $1,172,000 after purchasing an additional 110,806 shares in the last quarter. Voya Investment Management LLC lifted its holdings in shares of PagSeguro Digital by 24.7% during the 3rd quarter. Voya Investment Management LLC now owns 395,217 shares of the company’s stock valued at $3,517,000 after purchasing an additional 78,281 shares during the last quarter. Drive Wealth Management LLC acquired a new stake in shares of PagSeguro Digital in the 3rd quarter worth $180,000. R Squared Ltd acquired a new stake in shares of PagSeguro Digital in the 3rd quarter worth $140,000. Finally, Ritholtz Wealth Management purchased a new position in PagSeguro Digital during the 3rd quarter worth $92,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Stock Up 3.5%

Shares of PAGS stock opened at $7.95 on Thursday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 5.56, a PEG ratio of 0.31 and a beta of 1.46. PagSeguro Digital has a 52-week low of $7.48 and a 52-week high of $12.32. The company’s 50 day moving average is $9.54 and its 200 day moving average is $9.70.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. The company had revenue of $942.97 million during the quarter, compared to analyst estimates of $1 billion. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. Analysts anticipate that PagSeguro Digital will post 1.65 EPS for the current fiscal year.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that provides payment and digital banking services to businesses and consumers. Its platform helps merchants accept payments through in-person and online channels. The company offers payment terminals, payment processing, digital checkout tools and related business services. Through its PagBank brand, it also provides digital accounts, cards and other financial services to individuals and businesses. PagSeguro traces its roots to an online payments service launched in Brazil in 2006 by UOL.