Susquehanna Has Lowered Expectations for PagSeguro Digital (NYSE:PAGS) Stock Price

PagSeguro Digital (NYSE:PAGS) had its target price dropped by research analysts at Susquehanna from $19.00 to $16.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price target would suggest a potential upside of 109.15% from the stock’s current price.

PAGS has been the subject of several other reports. Morgan Stanley reissued an “underweight” rating and set a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Itau BBA Securities lowered PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research report on Tuesday, October 1st. Barclays cut their price objective on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating on the stock in a report on Tuesday, October 15th. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, The Goldman Sachs Group cut their price target on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.36.

PagSeguro Digital Price Performance

Shares of NYSE PAGS traded up $0.01 during mid-day trading on Monday, reaching $7.65. 801,937 shares of the company traded hands, compared to its average volume of 3,955,903. PagSeguro Digital has a fifty-two week low of $7.56 and a fifty-two week high of $14.98. The firm has a market cap of $2.52 billion, a PE ratio of 6.36, a price-to-earnings-growth ratio of 0.39 and a beta of 1.95. The stock has a fifty day simple moving average of $8.50 and a 200-day simple moving average of $10.92.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data 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 return on equity of 15.49% and a net margin of 11.12%. The business had revenue of $874.38 million during the quarter, compared to analyst estimates of $816.34 million. During the same quarter in the prior year, the firm posted $0.26 earnings per share. As a group, analysts predict that PagSeguro Digital will post 1.19 EPS for the current fiscal year.

Institutional Investors Weigh In On PagSeguro Digital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC bought a new stake in PagSeguro Digital in the first quarter worth $291,000. Sei Investments Co. lifted its holdings in PagSeguro Digital by 27.7% in the 1st quarter. Sei Investments Co. now owns 51,856 shares of the company’s stock worth $740,000 after purchasing an additional 11,236 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in PagSeguro Digital during the first quarter worth approximately $186,000. ProShare Advisors LLC grew its holdings in PagSeguro Digital by 8.5% during the first quarter. ProShare Advisors LLC now owns 35,698 shares of the company’s stock valued at $510,000 after purchasing an additional 2,809 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of PagSeguro Digital by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,505,297 shares of the company’s stock valued at $21,496,000 after purchasing an additional 92,026 shares during the period. Hedge funds and other institutional investors own 45.88% of the company’s stock.

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.