PagSeguro Digital Ltd. (NYSE:PAGS) Receives $11.88 Average Target Price from Analysts

PagSeguro Digital Ltd. (NYSE:PAGS) has received an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $11.88.

PAGS has been the topic of a number of research reports. Barclays reduced their price objective on PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 23rd. Citigroup raised PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their price objective for the company from $7.00 to $10.00 in a research note on Tuesday, April 22nd.

PagSeguro Digital Trading Up 4.6 %

Shares of PagSeguro Digital stock opened at $9.99 on Friday. The firm’s 50 day moving average is $8.44 and its 200 day moving average is $7.73. The firm has a market capitalization of $3.29 billion, a PE ratio of 8.25, a price-to-earnings-growth ratio of 0.51 and a beta of 1.70. PagSeguro Digital has a 1 year low of $6.11 and a 1 year high of $14.82.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The firm had revenue of $875.27 million for the quarter, compared to analysts’ expectations of $872.66 million. As a group, 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 company. Signaturefd LLC lifted its stake in shares of PagSeguro Digital by 1,306.5% in the 4th quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock valued at $29,000 after purchasing an additional 4,233 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of PagSeguro Digital by 626.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company’s stock worth $39,000 after buying an additional 4,435 shares in the last quarter. State of Wyoming grew its position in shares of 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 period. Harbor Capital Advisors Inc. increased its stake in shares of 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 acquiring an additional 4,180 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of PagSeguro Digital during the 4th quarter valued at $66,000. 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.