PagSeguro Digital Ltd. (NYSE:PAGS) Receives Average Recommendation of “Hold” from Analysts

PagSeguro Digital Ltd. (NYSE:PAGS) has been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $12.00.

A number of brokerages have weighed in on PAGS. Weiss Ratings downgraded shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Wall Street Zen downgraded shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. reduced their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Finally, Autonomous Res downgraded PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 30th.

Insider Buying and Selling

In other PagSeguro Digital news, Director Alexandre Mr Magnani sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $11.26, for a total value of $2,252,000.00. Following the completion of the sale, the director owned 607,390 shares in the company, valued at approximately $6,839,211.40. This trade represents a 24.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. raised its stake in shares of PagSeguro Digital by 108.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock valued at $63,729,000 after buying an additional 3,435,211 shares in the last quarter. Causeway Capital Management LLC lifted its holdings in shares of PagSeguro Digital by 44.6% during the 3rd quarter. Causeway Capital Management LLC now owns 3,892,125 shares of the company’s stock worth $38,921,000 after acquiring an additional 1,200,587 shares during the period. Picton Mahoney Asset Management boosted its position in shares of PagSeguro Digital by 62,316.1% during the 3rd quarter. Picton Mahoney Asset Management now owns 77,396 shares of the company’s stock valued at $774,000 after acquiring an additional 77,272 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new stake in shares of PagSeguro Digital during the 3rd quarter valued at about $3,864,000. Finally, Segall Bryant & Hamill LLC bought a new stake in PagSeguro Digital in the third quarter valued at about $1,675,000. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Stock Down 0.3%

Shares of PAGS stock opened at $8.90 on Friday. PagSeguro Digital has a 12 month low of $7.74 and a 12 month high of $12.32. The firm has a market cap of $2.49 billion, a PE ratio of 6.55, a price-to-earnings-growth ratio of 0.35 and a beta of 1.32. The stock has a 50 day moving average of $9.19 and a 200-day moving average of $9.98.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). The company had revenue of $642.01 million during the quarter, compared to analyst estimates of $952.64 million. PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%. As a group, equities analysts predict that PagSeguro Digital will post 1.7 EPS for the current fiscal year.

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.