PagSeguro Digital (NYSE:PAGS) Downgraded to Market Perform at Itau BBA Securities

Itau BBA Securities lowered shares of PagSeguro Digital (NYSE:PAGS) from an outperform rating to a market perform rating in a report issued on Tuesday, MarketBeat.com reports. They currently have $12.00 target price on the stock.

PAGS has been the topic of several other reports. Barclays dropped their price objective on PagSeguro Digital from $18.00 to $16.00 and set an overweight rating on the stock in a report on Thursday, August 22nd. UBS Group dropped their price target on shares of PagSeguro Digital from $16.50 to $15.50 and set a buy rating for the company in a research note on Monday, July 8th. JPMorgan Chase & Co. upped their target price on shares of PagSeguro Digital from $14.00 to $15.00 and gave the company a neutral rating in a research note on Monday, June 17th. Morgan Stanley reissued an underweight rating and issued a $6.50 price objective (down from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. Finally, The Goldman Sachs Group upgraded PagSeguro Digital from a neutral rating to a buy rating and set a $15.00 price objective on the stock in a research note on Wednesday, June 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, PagSeguro Digital has a consensus rating of Moderate Buy and an average price target of $14.80.

PagSeguro Digital Stock Up 0.3 %

Shares of NYSE:PAGS opened at $8.23 on Tuesday. The company has a market capitalization of $2.71 billion, a price-to-earnings ratio of 7.41, a price-to-earnings-growth ratio of 0.46 and a beta of 1.94. The company has a 50 day moving average of $10.79 and a two-hundred day moving average of $11.96. PagSeguro Digital has a 52-week low of $6.93 and a 52-week high of $14.98.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. PagSeguro Digital had a net margin of 10.93% and a return on equity of 14.97%. The business had revenue of $874.38 million during the quarter, compared to the consensus estimate of $816.34 million. During the same period in the prior year, the firm earned $0.26 earnings per share. On average, equities analysts anticipate that PagSeguro Digital will post 1.19 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Nisa Investment Advisors LLC grew its stake in shares of PagSeguro Digital by 26.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock valued at $79,000 after purchasing an additional 1,421 shares during the period. Y.D. More Investments Ltd increased its stake in PagSeguro Digital by 82.5% in the second quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after purchasing an additional 1,800 shares in the last quarter. Headlands Technologies LLC bought a new stake in shares of PagSeguro Digital in the 1st quarter valued at $30,000. Los Angeles Capital Management LLC increased its holdings in shares of PagSeguro Digital by 1.9% in the second quarter. Los Angeles Capital Management LLC now owns 110,951 shares of the company’s stock worth $1,297,000 after acquiring an additional 2,083 shares in the last quarter. Finally, Csenge Advisory Group increased its stake in PagSeguro Digital by 21.0% during the 2nd quarter. Csenge Advisory Group now owns 12,410 shares of the company’s stock worth $145,000 after purchasing an additional 2,152 shares in the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

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.