PagSeguro Digital (NYSE:PAGS) Price Target Cut to $16.00 by Analysts at Susquehanna

PagSeguro Digital (NYSE:PAGS) had its target price trimmed by Susquehanna from $19.00 to $16.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has a positive rating on the stock.

Other equities analysts have also issued research reports about the stock. Itau BBA Securities lowered shares of 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. The Goldman Sachs Group reduced their price target 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. Morgan Stanley reaffirmed an “underweight” rating and set a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. Barclays dropped their price objective on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Finally, Cantor Fitzgerald raised shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.36.

PagSeguro Digital Price Performance

NYSE PAGS opened at $7.59 on Monday. PagSeguro Digital has a 1 year low of $7.56 and a 1 year high of $14.98. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 6.27, a PEG ratio of 0.39 and a beta of 1.95. The company has a fifty day moving average price of $8.47 and a 200-day moving average price of $10.88.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $874.38 million during the quarter, compared to analyst estimates 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 prior year, the business earned $0.26 earnings per share. On average, research analysts anticipate that PagSeguro Digital will post 1.19 EPS for the current fiscal year.

Institutional Trading of PagSeguro Digital

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd lifted its stake in PagSeguro Digital by 82.5% in the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after acquiring an additional 1,800 shares during the period. Family Firm Inc. purchased a new stake in PagSeguro Digital in the second quarter worth $50,000. Covestor Ltd lifted its stake in PagSeguro Digital by 11,990.2% in the first quarter. Covestor Ltd now owns 4,957 shares of the company’s stock worth $71,000 after acquiring an additional 4,916 shares during the period. EverSource Wealth Advisors LLC purchased a new stake in PagSeguro Digital in the second quarter worth $74,000. Finally, Quarry LP lifted its stake 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. Hedge funds and other 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.