Analysts Set PagSeguro Digital Ltd. (NYSE:PAGS) Price Target at $13.18

PagSeguro Digital Ltd. (NYSE:PAGS) has earned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $13.18.

A number of brokerages have recently weighed in on PAGS. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Citigroup reiterated a “neutral” rating and set a $7.00 price target (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. JPMorgan Chase & Co. lowered their target price on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. Finally, KeyCorp upgraded PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th.

Institutional Trading of PagSeguro Digital

Hedge funds and other institutional investors have recently modified their holdings of the business. Vontobel Holding Ltd. purchased a new stake in shares of PagSeguro Digital during the fourth quarter worth $170,000. Robeco Institutional Asset Management B.V. raised its holdings in shares of PagSeguro Digital by 16.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company’s stock worth $39,770,000 after acquiring an additional 874,777 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of PagSeguro Digital by 112.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 81,371 shares of the company’s stock worth $509,000 after acquiring an additional 42,990 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in PagSeguro Digital during the fourth quarter valued at about $482,000. Finally, JPMorgan Chase & Co. raised its holdings in PagSeguro Digital by 101.4% during the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock valued at $17,091,000 after buying an additional 999,237 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Price Performance

Shares of PAGS opened at $7.63 on Friday. PagSeguro Digital has a 12-month low of $6.11 and a 12-month high of $14.98. The business’s fifty day moving average price is $6.85 and its 200 day moving average price is $8.97. The stock has a market capitalization of $2.51 billion, a PE ratio of 6.30, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94.

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.