PagSeguro Digital (NYSE:PAGS – Get Free Report) had its target price lowered by research analysts at UBS Group from $12.50 to $11.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 25.36% from the stock’s previous close.
A number of other research analysts have also recently weighed in on PAGS. 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 report on Wednesday, July 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of PagSeguro Digital in a research report on Friday, September 18th. Finally, Jefferies Financial Group began 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. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.73.
Read Our Latest Research Report on PAGS
PagSeguro Digital Price Performance
PagSeguro Digital (NYSE:PAGS – Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1 billion. On average, equities analysts predict that PagSeguro Digital will post 1.66 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, insider Silva Dutra sold 25,000 shares of the company’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $9.24, for a total value of $231,000.00. Following the completion of the sale, the insider owned 25,000 shares in the company, valued at approximately $231,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Hedge Funds Weigh In On PagSeguro Digital
A number of institutional investors have recently modified their holdings of PAGS. DGS Capital Management LLC lifted its holdings in shares of PagSeguro Digital by 8.7% during the fourth quarter. DGS Capital Management LLC now owns 15,814 shares of the company’s stock worth $152,000 after purchasing an additional 1,271 shares during the period. Caitong International Asset Management Co. Ltd raised its position in PagSeguro Digital by 77.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock valued at $40,000 after purchasing an additional 1,821 shares during the period. First Trust Advisors LP increased its holdings in PagSeguro Digital by 10.9% during the 1st quarter. First Trust Advisors LP now owns 18,678 shares of the company’s stock worth $187,000 after purchasing an additional 1,835 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of PagSeguro Digital by 3.7% in the 1st quarter. Royal Bank of Canada now owns 56,092 shares of the company’s stock valued at $562,000 after acquiring an additional 1,998 shares during the last quarter. Finally, Amundi increased its position in PagSeguro Digital by 6.0% in the first quarter. Amundi now owns 54,586 shares of the company’s stock worth $547,000 after buying an additional 3,067 shares during the period. Institutional investors and hedge funds 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-processing and digital banking services. The company serves individual consumers, self-employed professionals, microbusinesses and small and medium-sized enterprises, with a focus on expanding access to electronic payments and financial services in Brazil.
Its offerings include point-of-sale payment terminals, online payment acceptance, mobile payment tools, QR code and Pix transactions, digital accounts, payment cards, personal and business loans, and other financial products.
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