UBS Group Lowers PagSeguro Digital (NYSE:PAGS) Price Target to $12.50

PagSeguro Digital (NYSE:PAGS) had its target price dropped by investment analysts at UBS Group from $14.00 to $12.50 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target would indicate a potential upside of 37.94% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. Weiss Ratings downgraded PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Bank of America lowered shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective for the company. in a research report on Wednesday. Autonomous Res cut shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Wall Street Zen downgraded shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, JPMorgan Chase & Co. cut their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.10.

PagSeguro Digital Trading Down 1.0%

Shares of PAGS stock opened at $9.06 on Friday. The business’s fifty day simple moving average is $9.03 and its 200-day simple moving average is $9.94. The company has a market cap of $2.53 billion, a PE ratio of 6.66, a PEG ratio of 0.44 and a beta of 1.32. PagSeguro Digital has a 12-month low of $7.74 and a 12-month high of $12.32.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%.The business had revenue of $642.01 million for the quarter, compared to analysts’ expectations of $952.64 million. On average, equities analysts forecast that PagSeguro Digital will post 1.69 earnings per share for the current year.

Hedge Funds Weigh In On PagSeguro Digital

A number of institutional investors have recently modified their holdings of PAGS. Artemis Investment Management LLP boosted its stake in shares of PagSeguro Digital by 25.2% in the fourth quarter. Artemis Investment Management LLP now owns 6,764,422 shares of the company’s stock worth $65,209,000 after buying an additional 1,363,223 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in PagSeguro Digital by 108.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock worth $63,729,000 after acquiring an additional 3,435,211 shares during the period. State Street Corp raised its position in PagSeguro Digital by 3.1% during the fourth quarter. State Street Corp now owns 4,617,616 shares of the company’s stock valued at $44,514,000 after acquiring an additional 139,227 shares in the last quarter. Polunin Capital Partners Ltd raised its position in PagSeguro Digital by 0.4% during the fourth quarter. Polunin Capital Partners Ltd now owns 4,450,160 shares of the company’s stock valued at $44,858,000 after acquiring an additional 16,700 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in PagSeguro Digital by 0.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,926,789 shares of the company’s stock valued at $37,854,000 after acquiring an additional 12,863 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company’s stock.

About PagSeguro Digital

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.