PagSeguro Digital Ltd. (NYSE:PAGS) Stock Has Consensus Target Price of $10.57 According to Analysts

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have received a consensus rating of “Hold” from the eight brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.07.

Several equities analysts have recently weighed in on PAGS shares. Jefferies Financial Group started coverage on shares of PagSeguro Digital in a research note on Thursday, July 23rd. They set a “hold” rating and a $10.40 price target for the company. UBS Group cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $13.00 to $8.00 in a report on Thursday, November 5th. Bank of America downgraded shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price for the company. in a research report on Wednesday, July 15th. Citigroup lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and lowered their price target for the company from $13.00 to $8.00 in a research note on Tuesday, October 27th. Finally, Weiss Ratings cut shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, November 3rd.

PagSeguro Digital Price Performance

Shares of PagSeguro Digital stock opened at $7.92 on Thursday. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 5.54, a price-to-earnings-growth ratio of 0.32 and a beta of 1.46. The stock’s 50-day moving average is $9.59 and its 200-day moving average is $9.74. PagSeguro Digital has a one year low of $7.48 and a one year high of $12.32.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.02. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%. The business had revenue of $942.97 million during the quarter, compared to the consensus estimate of $1 billion. On average, equities analysts expect that PagSeguro Digital will post 1.65 EPS for the current year.

Insider Buying and Selling at PagSeguro Digital

In related news, Director Alexandre Magnani sold 300,000 shares of PagSeguro Digital stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $10.95, for a total value of $3,285,000.00. Following the sale, the director owned 207,390 shares of the company’s stock, valued at approximately $2,270,920.50. The trade was a 59.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders sold 550,000 shares of company stock valued at $6,034,146.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PAGS. Drive Wealth Management LLC bought a new position in shares of PagSeguro Digital in the third quarter valued at $180,000. R Squared Ltd bought a new stake in PagSeguro Digital during the third quarter worth $140,000. Ritholtz Wealth Management acquired a new stake in PagSeguro Digital in the third quarter valued at $92,000. Ethic Inc. lifted its stake in PagSeguro Digital by 34.1% in the third quarter. Ethic Inc. now owns 28,931 shares of the company’s stock valued at $257,000 after acquiring an additional 7,361 shares during the last quarter. Finally, Pictet Asset Management Holding SA grew its position in shares of PagSeguro Digital by 15.2% in the 3rd quarter. Pictet Asset Management Holding SA now owns 101,400 shares of the company’s stock valued at $902,000 after acquiring an additional 13,400 shares during the period. Institutional investors and hedge funds own 45.88% of the company’s stock.

PagSeguro Digital Company Profile

PagSeguro Digital Ltd. is a Brazil-based financial technology company that provides payment and digital banking services to businesses and consumers. Its platform helps merchants accept payments through in-person and online channels.

The company offers payment terminals, payment processing, digital checkout tools and related business services. Through its PagBank brand, it also provides digital accounts, cards and other financial services to individuals and businesses.

PagSeguro traces its roots to an online payments service launched in Brazil in 2006 by UOL.