PagSeguro Digital (NYSE:PAGS) Given New $14.00 Price Target at The Goldman Sachs Group

PagSeguro Digital (NYSE:PAGS) had its price objective lowered by The Goldman Sachs Group from $16.00 to $14.00 in a report released on Wednesday morning, Benzinga reports. The Goldman Sachs Group currently has a buy rating on the stock.

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

PagSeguro Digital Trading Up 0.4 %

NYSE:PAGS opened at $8.33 on Wednesday. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 7.12, a price-to-earnings-growth ratio of 0.43 and a beta of 1.94. PagSeguro Digital has a 12-month low of $6.93 and a 12-month high of $14.98. The company’s 50-day moving average is $9.72 and its two-hundred day moving average is $11.42.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. The company had revenue of $874.38 million during the quarter, compared to the consensus estimate of $816.34 million. During the same quarter in the prior year, the company posted $0.26 EPS. On average, equities research analysts forecast that PagSeguro Digital will post 1.19 earnings per share for the current fiscal year.

Institutional Trading of PagSeguro Digital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC acquired a new position in PagSeguro Digital during the 1st quarter valued at approximately $30,000. Y.D. More Investments Ltd boosted its holdings in shares of PagSeguro Digital by 82.5% during the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after acquiring an additional 1,800 shares during the period. Family Firm Inc. acquired a new stake in shares of PagSeguro Digital in the 2nd quarter worth about $50,000. Covestor Ltd lifted its position in PagSeguro Digital by 11,990.2% in the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after purchasing an additional 4,916 shares during the last quarter. Finally, Quarry LP boosted its stake in PagSeguro Digital by 156.2% during the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after purchasing an additional 3,806 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

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.