Analysts Set PagSeguro Digital Ltd. (NYSE:PAGS) Target Price at $16.25

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.44.

A number of equities analysts have issued reports on the company. UBS Group reduced their target price on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating on the stock in a report on Monday, July 8th. The Goldman Sachs Group raised shares of 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. New Street Research raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their target price for the company from $15.00 to $18.00 in a research note on Monday, March 18th. JPMorgan Chase & Co. lifted their price target on shares of PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a research report on Monday, June 17th. Finally, Barclays boosted their price target on shares of PagSeguro Digital from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, April 29th.

PagSeguro Digital Price Performance

Shares of NYSE PAGS opened at $13.31 on Monday. PagSeguro Digital has a fifty-two week low of $6.93 and a fifty-two week high of $14.98. The firm has a market capitalization of $4.39 billion, a P/E ratio of 11.99, a P/E/G ratio of 0.56 and a beta of 1.92. The company’s 50 day simple moving average is $12.12 and its 200 day simple moving average is $12.72.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Friday, May 24th. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. PagSeguro Digital had a return on equity of 14.51% and a net margin of 10.70%. The company had revenue of $869.86 million for the quarter, compared to the consensus estimate of $679.16 million. Sell-side analysts expect that PagSeguro Digital will post 1.44 EPS for the current fiscal year.

Institutional Investors Weigh In On PagSeguro Digital

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in PagSeguro Digital during the 1st quarter worth about $30,000. Nisa Investment Advisors LLC raised its position in PagSeguro Digital by 34.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock valued at $64,000 after buying an additional 1,330 shares during the last quarter. Canton Hathaway LLC bought a new stake in PagSeguro Digital in the 4th quarter valued at approximately $69,000. Principal Securities Inc. acquired a new position in PagSeguro Digital during the 4th quarter worth approximately $69,000. Finally, Covestor Ltd boosted its position in PagSeguro Digital by 11,990.2% during the 1st quarter. Covestor Ltd now owns 4,957 shares of the company’s stock worth $71,000 after acquiring an additional 4,916 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

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.