Susquehanna Issues Pessimistic Forecast for PagSeguro Digital (NYSE:PAGS) Stock Price

PagSeguro Digital (NYSE:PAGS) had its price objective decreased by Susquehanna from $19.00 to $16.00 in a research note published on Monday morning,Benzinga reports. Susquehanna currently has a positive rating on the stock.

Several other equities analysts have also issued reports on the company. Morgan Stanley reaffirmed an “underweight” rating and issued a $6.50 price target (down previously from $14.00) on shares of PagSeguro Digital in a research report on Thursday, September 5th. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Itau BBA Securities downgraded PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price objective for the company. in a report on Tuesday, October 1st. Barclays reduced their price objective on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Finally, The Goldman Sachs Group reduced their price objective on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.36.

PagSeguro Digital Trading Down 0.7 %

Shares of PagSeguro Digital stock opened at $7.59 on Monday. The firm has a market capitalization 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 has a fifty day simple moving average of $8.47 and a two-hundred day simple moving average of $10.88. PagSeguro Digital has a 12 month low of $7.56 and a 12 month high of $14.98.

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

Institutional Investors Weigh In On PagSeguro Digital

A number of large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC bought a new position in shares of PagSeguro Digital during the 1st quarter valued at approximately $291,000. Sei Investments Co. grew its stake in shares of PagSeguro Digital by 27.7% during the 1st quarter. Sei Investments Co. now owns 51,856 shares of the company’s stock valued at $740,000 after acquiring an additional 11,236 shares during the period. Avantax Advisory Services Inc. bought a new position in shares of PagSeguro Digital during the 1st quarter valued at approximately $186,000. ProShare Advisors LLC grew its stake in shares of PagSeguro Digital by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 35,698 shares of the company’s stock valued at $510,000 after acquiring an additional 2,809 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of PagSeguro Digital by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock valued at $21,496,000 after acquiring an additional 92,026 shares during the period. 45.88% of the stock is currently owned by institutional investors.

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.