PagSeguro Digital Ltd. (NYSE:PAGS) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

PagSeguro Digital Ltd. (NYSE:PAGS) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $13.18.

Several research analysts have recently issued reports on the stock. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a report on Tuesday, October 1st. Barclays reduced their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. Susquehanna reduced their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. cut their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, December 16th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC acquired a new position in PagSeguro Digital in the 2nd quarter valued at $74,000. Quarry LP grew its stake in PagSeguro Digital by 156.2% in the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after buying an additional 3,806 shares during the last quarter. GW Henssler & Associates Ltd. acquired a new position in PagSeguro Digital in the 3rd quarter valued at $87,000. Point72 Hong Kong Ltd grew its stake in PagSeguro Digital by 34.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock valued at $93,000 after buying an additional 2,767 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in PagSeguro Digital in the 3rd quarter valued at $98,000. Institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Price Performance

PagSeguro Digital stock opened at $7.11 on Friday. The firm has a 50 day simple moving average of $6.86 and a 200-day simple moving average of $8.99. The stock has a market capitalization of $2.34 billion, a PE ratio of 5.87, a price-to-earnings-growth ratio of 0.41 and a beta of 1.94. PagSeguro Digital has a 12-month low of $6.11 and a 12-month high of $14.98.

PagSeguro Digital Company Profile

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.