PagSeguro Digital (NYSE:PAGS – Free Report) had its target price trimmed by JPMorgan Chase & Co. from $11.50 to $10.00 in a research report sent to investors on Wednesday morning, Benzinga reports. The firm currently has a neutral rating on the stock.
A number of other equities analysts also recently issued reports on PAGS. Citigroup upped their price target on PagSeguro Digital from $12.00 to $13.50 in a report on Monday, May 29th. HSBC raised PagSeguro Digital from a hold rating to a buy rating and upped their price target for the company from $10.00 to $13.00 in a report on Monday, June 12th. New Street Research downgraded PagSeguro Digital from a buy rating to a neutral rating and lowered their price target for the company from $17.00 to $14.00 in a report on Thursday, June 22nd. Barclays lowered their price target on PagSeguro Digital from $14.00 to $12.00 in a report on Sunday, August 27th. Finally, Evercore ISI upped their price target on PagSeguro Digital from $11.00 to $12.00 in a report on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Hold and a consensus target price of $12.39.
PagSeguro Digital Stock Performance
PagSeguro Digital (NYSE:PAGS – Get Free Report) last released its earnings results on Thursday, August 24th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. PagSeguro Digital had a net margin of 9.91% and a return on equity of 13.49%. The firm had revenue of $772.83 million for the quarter, compared to analyst estimates of $689.40 million. Equities analysts forecast that PagSeguro Digital will post 1.04 EPS for the current fiscal year.
Institutional Investors Weigh In On PagSeguro Digital
Several large investors have recently modified their holdings of PAGS. HighTower Advisors LLC raised its stake in shares of PagSeguro Digital by 8.7% during the first quarter. HighTower Advisors LLC now owns 21,809 shares of the company’s stock worth $436,000 after purchasing an additional 1,748 shares during the last quarter. Natixis Advisors L.P. raised its stake in shares of PagSeguro Digital by 90.8% during the first quarter. Natixis Advisors L.P. now owns 83,002 shares of the company’s stock worth $1,664,000 after purchasing an additional 39,497 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of PagSeguro Digital by 18.3% during the first quarter. Dimensional Fund Advisors LP now owns 23,839 shares of the company’s stock worth $478,000 after purchasing an additional 3,695 shares during the last quarter. Sei Investments Co. raised its stake in shares of PagSeguro Digital by 0.7% during the first quarter. Sei Investments Co. now owns 269,645 shares of the company’s stock worth $5,403,000 after purchasing an additional 1,884 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of PagSeguro Digital by 6.9% during the first quarter. Vanguard Group Inc. now owns 146,147 shares of the company’s stock worth $2,930,000 after purchasing an additional 9,497 shares during the last quarter. Hedge funds and other institutional investors own 55.29% 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.
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