PagSeguro Digital (NYSE:PAGS) Upgraded by KeyCorp to “Hold” Rating

PagSeguro Digital (NYSE:PAGS) was upgraded by equities researchers at KeyCorp to a “hold” rating in a report released on Friday,Zacks.com reports.

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

PagSeguro Digital Stock Down 0.7 %

Shares of PagSeguro Digital stock opened at $7.59 on Friday. The business has a 50-day moving average price of $8.47 and a 200 day moving average price of $10.88. PagSeguro Digital has a fifty-two week low of $7.56 and a fifty-two week high of $14.98. The firm 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.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The company had revenue of $874.38 million during the quarter, compared to analyst estimates of $816.34 million. During the same quarter last year, the firm earned $0.26 EPS. As a group, equities research analysts anticipate that PagSeguro Digital will post 1.19 earnings per share for the current year.

Institutional Trading of PagSeguro Digital

Several hedge funds have recently added to or reduced their stakes in PAGS. Nisa Investment Advisors LLC increased its holdings in shares of PagSeguro Digital by 26.8% during the second quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock valued at $79,000 after purchasing an additional 1,421 shares during the period. Y.D. More Investments Ltd grew its position in PagSeguro Digital by 82.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after buying an additional 1,800 shares in the last quarter. Truvestments Capital LLC increased its stake in PagSeguro Digital by 9.9% during the 3rd quarter. Truvestments Capital LLC now owns 21,410 shares of the company’s stock valued at $184,000 after buying an additional 1,923 shares during the period. Los Angeles Capital Management LLC raised its position in shares of PagSeguro Digital by 1.9% during the 2nd quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company’s stock worth $1,297,000 after buying an additional 2,083 shares in the last quarter. Finally, Csenge Advisory Group lifted its stake in shares of PagSeguro Digital by 21.0% in the 2nd quarter. Csenge Advisory Group now owns 12,410 shares of the company’s stock worth $145,000 after acquiring an additional 2,152 shares during the period. 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.