PagSeguro Digital (NYSE:PAGS – Get Free Report) was downgraded by investment analysts at UBS Group from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports. They presently have a $8.00 price objective on the stock, down from their previous price objective of $13.00. UBS Group‘s price target would indicate a potential upside of 5.33% from the company’s current price.
Other equities analysts have also recently issued reports about the stock. Bank of America cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research note on Wednesday, July 15th. Jefferies Financial Group assumed coverage on shares of PagSeguro Digital in a research report on Thursday, July 23rd. They set a “hold” rating and a $10.40 target price on the stock. Citigroup downgraded shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and lowered their price target for the company from $13.00 to $8.00 in a report on Tuesday, October 27th. Finally, Weiss Ratings lowered PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.07.
View Our Latest Research Report on PAGS
PagSeguro Digital Stock Performance
NYSE:PAGS traded down $0.07 during trading hours on Thursday, reaching $7.59. The stock had a trading volume of 2,444,826 shares, compared to its average volume of 4,902,553. The stock has a market capitalization of $2.12 billion, a PE ratio of 5.31, 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 has a 50 day moving average price of $9.61 and a two-hundred day moving average price of $9.75.
PagSeguro Digital (NYSE:PAGS – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. PagSeguro Digital had a net margin of 10.46% and a return on equity of 16.36%. The firm had revenue of $942.97 million during the quarter, compared to analyst estimates of $1 billion. Equities research analysts predict that PagSeguro Digital will post 1.65 EPS for the current year.
Insider Activity at PagSeguro Digital
In related news, Director Alexandre Magnani sold 300,000 shares of PagSeguro Digital stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $10.95, for a total transaction of $3,285,000.00. Following the completion of the transaction, the director directly owned 207,390 shares of the company’s stock, valued at approximately $2,270,920.50. The trade was a 59.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 550,000 shares of company stock worth $6,034,146.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. raised its stake in shares of PagSeguro Digital by 38.1% during the third quarter. SBI Securities Co. Ltd. now owns 4,471 shares of the company’s stock valued at $40,000 after acquiring an additional 1,233 shares in the last quarter. Meeder Asset Management Inc. grew its stake in PagSeguro Digital by 86.7% in the first quarter. Meeder Asset Management Inc. now owns 10,308 shares of the company’s stock worth $103,000 after purchasing an additional 4,786 shares in the last quarter. Ritholtz Wealth Management bought a new position in PagSeguro Digital in the third quarter worth approximately $92,000. Signaturefd LLC increased its holdings in PagSeguro Digital by 83.9% during the 3rd quarter. Signaturefd LLC now owns 11,121 shares of the company’s stock worth $99,000 after purchasing an additional 5,074 shares during the period. Finally, Confluence Investment Management LLC purchased a new position in PagSeguro Digital during the 2nd quarter worth $125,000. Hedge funds and other institutional investors own 45.88% of the company’s stock.
PagSeguro Digital Company Profile
PagSeguro Digital Ltd., operating under the PagBank brand, is a Brazilian financial technology company that provides payment and banking services to small and medium-sized businesses, independent professionals, and consumers. The company is part of the Universo Online (UOL) group and serves customers primarily in Brazil.
PagSeguro offers point-of-sale payment terminals and mobile payment solutions that allow merchants to accept credit, debit, contactless, and other electronic payments.
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