PagSeguro Digital Ltd. (NYSE:PAGS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have received a consensus recommendation of “Moderate Buy” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $14.36.

PAGS has been the subject of several recent analyst reports. Cantor Fitzgerald raised shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Itau BBA Securities cut PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price for the company. in a research report on Tuesday, October 1st. The Goldman Sachs Group decreased their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Susquehanna dropped their price target on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research note on Monday, November 18th. Finally, KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th.

PagSeguro Digital Price Performance

PAGS opened at $7.15 on Thursday. The company has a 50 day simple moving average of $8.02 and a two-hundred day simple moving average of $10.34. The firm has a market cap of $2.36 billion, a P/E ratio of 5.90, a PEG ratio of 0.36 and a beta of 1.92. PagSeguro Digital has a 1-year low of $7.08 and a 1-year high of $14.98.

Hedge Funds Weigh In On PagSeguro Digital

A number of institutional investors and hedge funds have recently made changes to their positions in PAGS. Y.D. More Investments Ltd lifted its holdings in shares of PagSeguro Digital by 82.5% in the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock valued at $47,000 after acquiring an additional 1,800 shares during the last quarter. Family Firm Inc. bought a new stake in shares of PagSeguro Digital in the 2nd quarter valued at approximately $50,000. Quarry LP boosted its holdings in shares of PagSeguro Digital by 156.2% in the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock worth $73,000 after purchasing an additional 3,806 shares during the period. EverSource Wealth Advisors LLC bought a new position in shares of PagSeguro Digital during the 2nd quarter valued at approximately $74,000. Finally, Nisa Investment Advisors LLC raised its holdings in PagSeguro Digital by 26.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,716 shares of the company’s stock valued at $79,000 after buying an additional 1,421 shares during the period. 45.88% of the stock is owned by hedge funds and other institutional investors.

About PagSeguro Digital

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.