PagSeguro Digital (NYSE:PAGS) Raised to “Hold” at KeyCorp

KeyCorp upgraded shares of PagSeguro Digital (NYSE:PAGS) to a hold rating in a research report sent to investors on Friday morning,Zacks.com reports.

Several other equities analysts have also issued reports on PAGS. Itau BBA Securities lowered PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research report on Tuesday, October 1st. Morgan Stanley reaffirmed an “underweight” rating and issued a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. The Goldman Sachs Group cut their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday. Susquehanna decreased their price objective on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday. Finally, Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $14.36.

PagSeguro Digital Stock Down 0.7 %

Shares of PAGS opened at $7.59 on Friday. The stock has a market cap of $2.50 billion, a P/E ratio of 6.27, a P/E/G ratio of 0.39 and a beta of 1.95. The business’s 50 day moving average price is $8.47 and its 200-day moving average price is $10.88. PagSeguro Digital has a 52 week low of $7.56 and a 52 week high of $14.98.

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, beating analysts’ consensus estimates of $0.31 by $0.01. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The business had revenue of $874.38 million during the quarter, compared to analysts’ expectations of $816.34 million. During the same quarter in the previous year, the business earned $0.26 earnings per share. On average, equities analysts anticipate that PagSeguro Digital will post 1.19 EPS for the current year.

Institutional Trading of PagSeguro Digital

Large investors have recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new stake in PagSeguro Digital during the first quarter valued at approximately $291,000. Sei Investments Co. raised its holdings in PagSeguro Digital by 27.7% in the 1st quarter. Sei Investments Co. now owns 51,856 shares of the company’s stock worth $740,000 after purchasing an additional 11,236 shares during the period. Avantax Advisory Services Inc. purchased a new position in PagSeguro Digital during the first quarter valued at $186,000. ProShare Advisors LLC grew its holdings in PagSeguro Digital by 8.5% during the first quarter. ProShare Advisors LLC now owns 35,698 shares of the company’s stock valued at $510,000 after purchasing an additional 2,809 shares during the period. Finally, Vanguard Group Inc. increased its position in PagSeguro Digital by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock worth $21,496,000 after buying an additional 92,026 shares in the last quarter. Institutional investors own 45.88% of the company’s stock.

About PagSeguro Digital

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.