PagSeguro Digital (NYSE:PAGS) Stock Rating Lowered by Wall Street Zen

PagSeguro Digital (NYSE:PAGS) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other analysts have also recently issued reports about the stock. Autonomous Res cut shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. UBS Group boosted their price objective on shares of PagSeguro Digital from $13.00 to $14.00 and gave the stock a “buy” rating in a research report on Wednesday, January 28th. JPMorgan Chase & Co. reduced their price objective on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of PagSeguro Digital in a research report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.00.

PagSeguro Digital Stock Down 0.1%

PagSeguro Digital stock opened at $8.85 on Friday. The stock has a 50-day simple moving average of $10.14 and a 200 day simple moving average of $10.18. PagSeguro Digital has a 12-month low of $7.74 and a 12-month high of $12.32. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 6.51, a P/E/G ratio of 0.36 and a beta of 1.37.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Tuesday, May 12th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.01). The company had revenue of $642.01 million for the quarter, compared to the consensus estimate of $952.64 million. PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%. As a group, sell-side analysts anticipate that PagSeguro Digital will post 1.68 EPS for the current year.

Insider Activity at PagSeguro Digital

In other news, Director Luis Frias purchased 498,500 shares of the firm’s stock in a transaction dated Friday, March 27th. The stock was bought at an average price of $9.96 per share, with a total value of $4,965,060.00. Following the acquisition, the director directly owned 2,673,605 shares of the company’s stock, valued at approximately $26,629,105.80. This represents a 22.92% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alexandre Mr Magnani sold 200,000 shares of the company’s stock in a transaction on Friday, April 17th. The shares were sold at an average price of $11.26, for a total transaction of $2,252,000.00. Following the completion of the sale, the director owned 607,390 shares of the company’s stock, valued at approximately $6,839,211.40. This represents a 24.77% decrease in their position. The disclosure for this sale is available in the SEC filing.

Institutional Investors Weigh In On PagSeguro Digital

A number of hedge funds have recently modified their holdings of PAGS. Caitong International Asset Management Co. Ltd raised its holdings in PagSeguro Digital by 77.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock worth $40,000 after buying an additional 1,821 shares during the period. GAMMA Investing LLC raised its position in PagSeguro Digital by 37.0% in the 4th quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock valued at $45,000 after buying an additional 1,249 shares during the last quarter. Atlas Capital Advisors Inc. acquired a new stake in PagSeguro Digital in the 4th quarter valued at approximately $45,000. Versant Capital Management Inc lifted its stake in PagSeguro Digital by 114.1% in the 3rd quarter. Versant Capital Management Inc now owns 5,156 shares of the company’s stock valued at $52,000 after acquiring an additional 2,748 shares in the last quarter. Finally, CWM LLC boosted its position in PagSeguro Digital by 29.0% during the 3rd quarter. CWM LLC now owns 5,255 shares of the company’s stock worth $53,000 after acquiring an additional 1,182 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.