Jefferies Financial Group Begins Coverage on PagSeguro Digital (NYSE:PAGS)

Stock analysts at Jefferies Financial Group began coverage on shares of PagSeguro Digital (NYSE:PAGS) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage set a “hold” rating and a $10.40 price target on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 12.86% from the stock’s current price.

Several other equities research analysts have also commented on PAGS. Autonomous Res lowered shares of PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Weiss Ratings downgraded shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. UBS Group decreased their target price on shares of PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating for the company in a research report on Friday, July 17th. JPMorgan Chase & Co. lowered their price objective 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. Finally, Bank of America downgraded 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. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $10.98.

PagSeguro Digital Trading Down 2.6%

Shares of PagSeguro Digital stock opened at $9.21 on Thursday. The business’s 50 day simple moving average is $9.06 and its 200-day simple moving average is $9.93. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 6.78, a PEG ratio of 0.46 and a beta of 1.32. PagSeguro Digital has a twelve month low of $7.74 and a twelve month high of $12.32.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share (EPS) 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 company had revenue of $642.01 million during the quarter, compared to the consensus estimate of $952.64 million. Sell-side analysts predict that PagSeguro Digital will post 1.69 earnings per share for the current year.

Institutional Trading of PagSeguro Digital

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC boosted its holdings in shares of PagSeguro Digital by 29.9% in the first quarter. Intech Investment Management LLC now owns 150,945 shares of the company’s stock worth $1,152,000 after buying an additional 34,787 shares during the period. Hsbc Holdings PLC raised its holdings in shares of PagSeguro Digital by 41.9% during the second quarter. Hsbc Holdings PLC now owns 44,955 shares of the company’s stock valued at $433,000 after acquiring an additional 13,279 shares during the period. Norges Bank purchased a new stake in shares of PagSeguro Digital in the 2nd quarter valued at approximately $529,000. First Trust Advisors LP lifted its position in shares of PagSeguro Digital by 9.7% in the 2nd quarter. First Trust Advisors LP now owns 23,684 shares of the company’s stock valued at $228,000 after acquiring an additional 2,098 shares in the last quarter. Finally, Amundi boosted its stake in PagSeguro Digital by 48.7% in the 2nd quarter. Amundi now owns 25,946 shares of the company’s stock worth $244,000 after purchasing an additional 8,500 shares during the period. Institutional investors and hedge funds 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.