PagSeguro Digital (NYSE:PAGS) PT Lowered to $13.00 at Barclays

PagSeguro Digital (NYSE:PAGS) had its price target lowered by Barclays from $16.00 to $13.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has an overweight rating on the stock.

Other equities analysts have also recently issued reports about the company. JPMorgan Chase & Co. raised their price objective on PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, June 17th. 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. Morgan Stanley reissued an “underweight” rating and set a $6.50 price target (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. The Goldman Sachs Group raised PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Wednesday, June 26th. Finally, Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $14.50.

PagSeguro Digital Trading Up 1.0 %

PagSeguro Digital stock opened at $8.42 on Tuesday. The stock has a 50 day moving average of $10.07 and a 200-day moving average of $11.58. PagSeguro Digital has a 52 week low of $6.93 and a 52 week high of $14.98. The stock has a market cap of $2.78 billion, a P/E ratio of 7.20, a price-to-earnings-growth ratio of 0.43 and a beta of 1.94.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $874.38 million for the quarter, compared to analysts’ expectations of $816.34 million. During the same period last year, the business posted $0.26 earnings per share. As a group, equities analysts predict that PagSeguro Digital will post 1.19 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. New Century Financial Group LLC bought a new position in PagSeguro Digital during the third quarter valued at about $641,000. nVerses Capital LLC boosted its position in shares of PagSeguro Digital by 47.9% in the 3rd quarter. nVerses Capital LLC now owns 24,700 shares of the company’s stock valued at $213,000 after purchasing an additional 8,000 shares during the period. Creative Planning acquired a new position in shares of PagSeguro Digital in the 3rd quarter valued at $115,000. Unison Advisors LLC acquired a new position in shares of PagSeguro Digital in the 3rd quarter valued at $635,000. Finally, Perpetual Ltd boosted its position in shares of PagSeguro Digital by 6.1% in the 3rd quarter. Perpetual Ltd now owns 150,073 shares of the company’s stock valued at $1,292,000 after purchasing an additional 8,688 shares during the period. Institutional investors own 45.88% of the company’s stock.

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.