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

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

PAGS has been the topic of a number of other reports. Barclays dropped their target price on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 15th. Susquehanna reduced their price target on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research report on Monday. Cantor Fitzgerald raised shares of PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Itau BBA Securities lowered PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective on the stock. in a report on Tuesday, October 1st. Finally, The Goldman Sachs Group decreased their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, PagSeguro Digital has an average rating of “Moderate Buy” and an average price target of $14.36.

PagSeguro Digital Price Performance

Shares of PAGS opened at $7.59 on Friday. PagSeguro Digital has a 1 year low of $7.56 and a 1 year high of $14.98. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 6.27, a price-to-earnings-growth ratio of 0.39 and a beta of 1.95. The business’s 50 day simple moving average is $8.47 and its 200-day simple moving average is $10.88.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business had revenue of $874.38 million for the quarter, compared to analysts’ expectations of $816.34 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. During the same quarter in the previous year, the business posted $0.26 earnings per share. On average, sell-side analysts expect that PagSeguro Digital will post 1.19 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Y.D. More Investments Ltd boosted its stake in PagSeguro Digital by 82.5% during the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after buying an additional 1,800 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of PagSeguro Digital during the 2nd quarter worth approximately $50,000. Covestor Ltd raised its position in shares of PagSeguro Digital by 11,990.2% during the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after buying an additional 4,916 shares during the period. EverSource Wealth Advisors LLC acquired a new position in PagSeguro Digital in the second quarter valued at approximately $74,000. Finally, Quarry LP grew its position in PagSeguro Digital by 156.2% in the second quarter. Quarry LP now owns 6,242 shares of the company’s stock worth $73,000 after acquiring an additional 3,806 shares during the period. 45.88% of the stock is owned by hedge funds and other institutional investors.

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.