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

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have earned an average rating of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $12.00.

A number of brokerages have issued reports on PAGS. Weiss Ratings lowered PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Wall Street Zen lowered PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. decreased their target price on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Monday, April 13th. Finally, Autonomous Res lowered PagSeguro Digital from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th.

Insider Buying and Selling at PagSeguro Digital

In other news, Director Alexandre Mr Magnani sold 200,000 shares of the firm’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $11.26, for a total transaction of $2,252,000.00. Following the completion of the transaction, the director owned 607,390 shares in the company, valued at approximately $6,839,211.40. This trade represents a 24.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Institutional Trading of PagSeguro Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. increased its holdings in shares of PagSeguro Digital by 108.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,610,914 shares of the company’s stock valued at $63,729,000 after buying an additional 3,435,211 shares in the last quarter. Causeway Capital Management LLC grew its holdings in shares of PagSeguro Digital by 44.6% in the 3rd quarter. Causeway Capital Management LLC now owns 3,892,125 shares of the company’s stock worth $38,921,000 after acquiring an additional 1,200,587 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC acquired a new position in shares of PagSeguro Digital in the 3rd quarter worth $3,864,000. Picton Mahoney Asset Management raised its position in shares of PagSeguro Digital by 62,316.1% during the third quarter. Picton Mahoney Asset Management now owns 77,396 shares of the company’s stock worth $774,000 after purchasing an additional 77,272 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new stake in shares of PagSeguro Digital during the third quarter worth $1,675,000. 45.88% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Price Performance

PagSeguro Digital stock opened at $9.14 on Friday. The firm has a 50 day simple moving average of $9.27 and a 200-day simple moving average of $9.99. The stock has a market capitalization of $2.56 billion, a PE ratio of 6.72, a price-to-earnings-growth ratio of 0.36 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 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $642.01 million for the quarter, compared to the consensus estimate of $952.64 million. PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%. On average, analysts forecast that PagSeguro Digital will post 1.7 earnings per share for the current fiscal year.

PagSeguro Digital Company Profile

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.