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

PagSeguro Digital (NYSE:PAGS) had its target price dropped by investment analysts at Barclays from $13.00 to $12.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective suggests a potential upside of 24.74% from the company’s current price.

Separately, Citigroup upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and raised their price objective for the company from $7.00 to $10.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, PagSeguro Digital currently has an average rating of “Moderate Buy” and a consensus target price of $11.88.

PagSeguro Digital Trading Up 4.1 %

Shares of NYSE PAGS opened at $9.62 on Wednesday. PagSeguro Digital has a 12-month low of $6.11 and a 12-month high of $14.82. The stock has a market cap of $3.17 billion, a P/E ratio of 7.95, a PEG ratio of 0.51 and a beta of 1.85. The business’s fifty day simple moving average is $8.05 and its 200-day simple moving average is $7.63.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Friday, February 21st. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The business had revenue of $875.27 million during the quarter, compared to the consensus estimate of $872.66 million. On average, equities analysts forecast that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

Institutional Trading of PagSeguro Digital

Several institutional investors and hedge funds have recently made changes to their positions in the company. State of Wyoming grew its stake in PagSeguro Digital by 32.8% during the 4th quarter. State of Wyoming now owns 6,436 shares of the company’s stock worth $40,000 after buying an additional 1,591 shares during the last quarter. Truvestments Capital LLC grew its position in shares of PagSeguro Digital by 8.4% during the fourth quarter. Truvestments Capital LLC now owns 23,202 shares of the company’s stock worth $145,000 after acquiring an additional 1,792 shares during the last quarter. Intellectus Partners LLC grew its position in shares of PagSeguro Digital by 4.8% during the first quarter. Intellectus Partners LLC now owns 76,293 shares of the company’s stock worth $582,000 after acquiring an additional 3,500 shares during the last quarter. LPL Financial LLC increased its holdings in shares of PagSeguro Digital by 14.2% in the 4th quarter. LPL Financial LLC now owns 33,534 shares of the company’s stock valued at $210,000 after acquiring an additional 4,165 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in PagSeguro Digital by 166.9% in the 1st quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company’s stock valued at $51,000 after purchasing an additional 4,180 shares during the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

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.