PagSeguro Digital (NYSE:PAGS) PT Lowered to $14.00

PagSeguro Digital (NYSE:PAGS) had its target price decreased by analysts at The Goldman Sachs Group from $16.00 to $14.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 68.88% from the company’s current price.

PAGS has been the topic of several other reports. Barclays decreased their price target on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Morgan Stanley restated an “underweight” rating and set a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. UBS Group cut their price target on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a report on Monday, July 8th. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Itau BBA Securities downgraded PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research note on Tuesday, October 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.40.

PagSeguro Digital Stock Down 0.5 %

PAGS opened at $8.29 on Wednesday. The company has a market cap of $2.73 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 0.43 and a beta of 1.94. PagSeguro Digital has a twelve month low of $6.93 and a twelve month high of $14.98. The company has a 50-day moving average price of $9.61 and a 200 day moving average price of $11.40.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. The business had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. During the same quarter last year, the business posted $0.26 earnings per share. As a group, sell-side analysts expect that PagSeguro Digital will post 1.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PAGS. Sylebra Capital LLC lifted its holdings in shares of PagSeguro Digital by 0.7% in the 1st quarter. Sylebra Capital LLC now owns 9,593,685 shares of the company’s stock worth $136,998,000 after acquiring an additional 64,671 shares during the last quarter. Marshall Wace LLP boosted its position in shares of PagSeguro Digital by 55.5% during the second quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock worth $81,770,000 after buying an additional 2,497,968 shares during the period. Millennium Management LLC grew its stake in shares of PagSeguro Digital by 115.1% in the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock valued at $44,585,000 after buying an additional 2,040,704 shares in the last quarter. Acadian Asset Management LLC lifted its stake in PagSeguro Digital by 35.7% during the 2nd quarter. Acadian Asset Management LLC now owns 2,454,259 shares of the company’s stock worth $28,670,000 after acquiring an additional 645,562 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in PagSeguro Digital by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock valued at $21,496,000 after acquiring an additional 92,026 shares during the period. 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.