PagSeguro Digital (NYSE:PAGS) Shares Down 3.3%

PagSeguro Digital Ltd. (NYSE:PAGS) fell 3.3% during trading on Wednesday . The company traded as low as $10.65 and last traded at $10.69. 2,258,932 shares were traded during mid-day trading, a decline of 36% from the average session volume of 3,537,186 shares. The stock had previously closed at $11.06.

Analysts Set New Price Targets

Several research firms have recently commented on PAGS. The Goldman Sachs Group raised PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a research note on Wednesday, June 26th. Barclays reduced their target price on shares of PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, August 22nd. JPMorgan Chase & Co. upped their price objective on PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. UBS Group decreased their target price on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a report on Monday, July 8th. Finally, Morgan Stanley restated an “underweight” rating and set a $6.50 price target (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.11.

PagSeguro Digital Stock Performance

The company’s 50-day simple moving average is $12.40 and its 200-day simple moving average is $12.60. The company has a market capitalization of $3.10 billion, a PE ratio of 8.73, a P/E/G ratio of 0.56 and a beta of 1.95.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $874.38 million for the quarter, compared to the consensus estimate of $816.34 million. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. During the same period in the previous year, the business earned $0.26 earnings per share. Analysts expect that PagSeguro Digital Ltd. will post 1.2 EPS for the current year.

Institutional Investors Weigh In On PagSeguro Digital

Hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC increased its position in shares of PagSeguro Digital by 19.4% during the fourth quarter. Los Angeles Capital Management LLC now owns 106,645 shares of the company’s stock worth $1,330,000 after acquiring an additional 17,340 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of PagSeguro Digital by 7.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,197,266 shares of the company’s stock valued at $14,930,000 after buying an additional 86,691 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of PagSeguro Digital in the fourth quarter worth $69,000. Boston Partners raised its holdings in PagSeguro Digital by 56.9% in the fourth quarter. Boston Partners now owns 141,934 shares of the company’s stock valued at $1,770,000 after acquiring an additional 51,498 shares in the last quarter. Finally, Inceptionr LLC acquired a new position in PagSeguro Digital during the 4th quarter worth $157,000. Institutional investors and hedge funds 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.