PagSeguro Digital (NYSE:PAGS) Upgraded to Buy at New Street Research

New Street Research upgraded shares of PagSeguro Digital (NYSE:PAGS) from a neutral rating to a buy rating in a report issued on Friday morning, Marketbeat reports. New Street Research currently has $14.00 target price on the stock.

PAGS has been the topic of a number of other research reports. JPMorgan Chase & Co. dropped their price objective on shares of PagSeguro Digital from $11.50 to $10.00 and set a neutral rating on the stock in a report on Wednesday, September 13th. HSBC upgraded shares of PagSeguro Digital from a hold rating to a buy rating and raised their target price for the stock from $10.00 to $13.00 in a research note on Monday, June 12th. Citigroup raised their target price on shares of PagSeguro Digital from $12.00 to $13.50 in a research note on Monday, May 29th. Barclays decreased their target price on shares of PagSeguro Digital from $14.00 to $12.00 in a research note on Sunday, August 27th. Finally, Evercore ISI raised their target price on shares of PagSeguro Digital from $11.00 to $12.00 in a research note on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Hold and an average target price of $12.39.

PagSeguro Digital Trading Down 1.7 %

PAGS opened at $8.86 on Friday. The company has a market cap of $2.92 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 0.89 and a beta of 1.62. The company’s 50 day moving average is $9.59 and its 200 day moving average is $9.63. PagSeguro Digital has a 12-month low of $7.51 and a 12-month high of $16.01.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Thursday, August 24th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The company had revenue of $772.83 million for the quarter, compared to the consensus estimate of $689.40 million. PagSeguro Digital had a net margin of 9.91% and a return on equity of 13.49%. As a group, analysts predict that PagSeguro Digital will post 1.04 EPS for the current fiscal year.

Hedge Funds Weigh In On PagSeguro Digital

Hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. lifted its holdings in shares of PagSeguro Digital by 44.7% in the fourth quarter. Point72 Asset Management L.P. now owns 8,864,150 shares of the company’s stock worth $77,473,000 after buying an additional 2,739,474 shares in the last quarter. AdvisorNet Financial Inc raised its stake in PagSeguro Digital by 131.1% during the first quarter. AdvisorNet Financial Inc now owns 7,480 shares of the company’s stock valued at $64,000 after purchasing an additional 4,244 shares in the last quarter. Neuberger Berman Group LLC raised its stake in PagSeguro Digital by 15.2% during the fourth quarter. Neuberger Berman Group LLC now owns 2,450,844 shares of the company’s stock valued at $21,285,000 after purchasing an additional 322,968 shares in the last quarter. Long Focus Capital Management LLC raised its stake in PagSeguro Digital by 49.1% during the first quarter. Long Focus Capital Management LLC now owns 455,800 shares of the company’s stock valued at $3,906,000 after purchasing an additional 150,000 shares in the last quarter. Finally, Metis Global Partners LLC purchased a new stake in PagSeguro Digital during the first quarter valued at $150,000. Hedge funds and other institutional investors own 55.29% 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.