PagSeguro Digital Ltd. (NYSE:PAGS) Receives Average Recommendation of “Moderate Buy” from Brokerages

PagSeguro Digital Ltd. (NYSE:PAGS) has been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $14.00.

A number of brokerages have recently commented on PAGS. Susquehanna dropped their price target on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research note on Monday, November 18th. The Goldman Sachs Group dropped their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Itau BBA Securities lowered shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Tuesday, October 1st.

PagSeguro Digital Trading Down 2.0 %

Shares of PagSeguro Digital stock opened at $6.28 on Monday. The firm’s 50 day moving average is $7.35 and its 200 day moving average is $9.63. The firm has a market capitalization of $2.07 billion, a PE ratio of 5.19, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94. PagSeguro Digital has a 1 year low of $6.11 and a 1 year high of $14.98.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its position in shares of PagSeguro Digital by 8.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 646,392 shares of the company’s stock worth $7,556,000 after purchasing an additional 50,643 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of PagSeguro Digital by 14.5% during the 2nd quarter. Principal Financial Group Inc. now owns 326,395 shares of the company’s stock valued at $3,816,000 after purchasing an additional 41,376 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of PagSeguro Digital in the 2nd quarter worth about $195,000. Waterfront Wealth Inc. grew its position in PagSeguro Digital by 330.9% during the second quarter. Waterfront Wealth Inc. now owns 75,133 shares of the company’s stock valued at $878,000 after buying an additional 57,696 shares during the period. Finally, Hussman Strategic Advisors Inc. purchased a new stake in PagSeguro Digital during the second quarter worth about $2,455,000. 45.88% of the stock is 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.