PagSeguro Digital Ltd. (NYSE:PAGS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have been assigned a consensus rating of “Moderate Buy” from the thirteen research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $14.00.

A number of research firms have recently weighed in on PAGS. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research note 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 target on the stock. in a research report on Tuesday, October 1st. 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 research note on Friday, November 15th. KeyCorp upgraded PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. reduced their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, December 16th.

PagSeguro Digital Trading Down 1.4 %

NYSE PAGS opened at $6.38 on Monday. PagSeguro Digital has a 12-month low of $6.11 and a 12-month high of $14.98. The company has a fifty day simple moving average of $7.56 and a two-hundred day simple moving average of $9.82. The stock has a market cap of $2.10 billion, a P/E ratio of 5.27, a P/E/G ratio of 0.44 and a beta of 1.92.

Hedge Funds Weigh In On PagSeguro Digital

Large investors have recently made changes to their positions in the stock. Y.D. More Investments Ltd boosted its stake in shares of PagSeguro Digital by 82.5% during the 2nd 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 in the last quarter. Truvestments Capital LLC boosted its position in PagSeguro Digital by 9.9% during the third quarter. Truvestments Capital LLC now owns 21,410 shares of the company’s stock worth $184,000 after purchasing an additional 1,923 shares in the last quarter. Los Angeles Capital Management LLC boosted its position in PagSeguro Digital by 1.9% during the second quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company’s stock worth $1,297,000 after purchasing an additional 2,083 shares in the last quarter. Point72 Hong Kong Ltd grew its holdings in PagSeguro Digital by 34.6% in the third quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock valued at $93,000 after purchasing an additional 2,767 shares during the last quarter. Finally, Quarry LP increased its position in shares of PagSeguro Digital by 156.2% in the second quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after buying an additional 3,806 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

PagSeguro Digital Company Profile

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.