PagSeguro Digital (NYSE:PAGS) Given New $12.50 Price Target at UBS Group

PagSeguro Digital (NYSE:PAGS) had its price objective cut by equities researchers at UBS Group from $14.00 to $12.50 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 36.70% from the company’s previous close.

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

PagSeguro Digital Stock Performance

Shares of PAGS stock opened at $9.14 on Friday. The stock has a 50 day moving average price of $9.05 and a 200 day moving average price of $9.95. PagSeguro Digital has a 52-week low of $7.74 and a 52-week high of $12.32. The firm has a market capitalization of $2.56 billion, a P/E ratio of 6.72, a P/E/G ratio of 0.37 and a beta of 1.32.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.01). PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. The business had revenue of $642.01 million during the quarter, compared to the consensus estimate of $952.64 million. As a group, sell-side analysts forecast that PagSeguro Digital will post 1.7 EPS for the current year.

Hedge Funds Weigh In On PagSeguro Digital

Several hedge funds and other institutional investors have recently modified their holdings of PAGS. Caitong International Asset Management Co. Ltd boosted its stake in PagSeguro Digital by 77.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,185 shares of the company’s stock worth $40,000 after purchasing an additional 1,821 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of PagSeguro Digital by 37.0% in the fourth quarter. GAMMA Investing LLC now owns 4,626 shares of the company’s stock worth $45,000 after buying an additional 1,249 shares during the last quarter. Atlas Capital Advisors Inc. purchased a new position in shares of PagSeguro Digital in the fourth quarter worth $45,000. Meeder Asset Management Inc. acquired a new stake in shares of PagSeguro Digital during the fourth quarter worth $53,000. Finally, CWM LLC lifted its stake in shares of PagSeguro Digital by 50.4% during the fourth quarter. CWM LLC now owns 7,902 shares of the company’s stock worth $76,000 after buying an additional 2,647 shares during the period. 45.88% of the stock is owned by hedge funds and other institutional investors.

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.