Brokerages Set PagSeguro Digital Ltd. (NYSE:PAGS) Target Price at $13.18

PagSeguro Digital Ltd. (NYSE:PAGS) has received an average recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $13.18.

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Susquehanna reduced their price objective 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. Itau BBA Securities cut 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. Finally, Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th.

PagSeguro Digital Stock Performance

Shares of NYSE:PAGS opened at $6.70 on Friday. The stock’s 50-day simple moving average is $6.88 and its two-hundred day simple moving average is $9.08. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 5.53, a PEG ratio of 0.41 and a beta of 1.94. PagSeguro Digital has a 52-week low of $6.11 and a 52-week high of $14.98.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SPX Gestao de Recursos Ltda bought a new stake in shares of PagSeguro Digital during the third quarter valued at approximately $38,151,000. Millennium Management LLC grew its stake in PagSeguro Digital by 115.1% during the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock valued at $44,585,000 after acquiring an additional 2,040,704 shares in the last quarter. State Street Corp increased its holdings in PagSeguro Digital by 50.8% in the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company’s stock valued at $50,868,000 after acquiring an additional 1,990,849 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in PagSeguro Digital by 26.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company’s stock worth $47,168,000 after purchasing an additional 1,144,590 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of PagSeguro Digital by 49.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock valued at $29,014,000 after purchasing an additional 1,113,103 shares during the last quarter. 45.88% of the stock is owned by hedge funds and other 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.