PagSeguro Digital Ltd. (NYSE:PAGS) Receives $10.98 Average Price Target from Brokerages

by · The Markets Daily

PagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report) has been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $10.9833.

PAGS has been the subject of several research reports. UBS Group lowered their price objective on shares of PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating for the company in a research report on Friday, July 17th. Weiss Ratings lowered shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, June 23rd. Jefferies Financial Group assumed coverage on shares of PagSeguro Digital in a research report on Thursday, July 23rd. They issued a “hold” rating and a $10.40 price objective for the company. Finally, Bank of America lowered PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 price objective on the stock. in a research report on Wednesday, July 15th.

View Our Latest Research Report on PAGS

Insider Activity

In related news, insider Silva Dutra sold 25,000 shares of the firm’s stock in a transaction dated Monday, July 20th. The stock was sold at an average price of $9.24, for a total value of $231,000.00. Following the transaction, the insider owned 25,000 shares in the company, valued at $231,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC boosted its stake in shares of PagSeguro Digital by 101.7% in the 1st quarter. Lazard Asset Management LLC now owns 1,986,771 shares of the company’s stock valued at $19,907,000 after purchasing an additional 1,001,581 shares during the last quarter. Absolute Gestao de Investimentos Ltda. lifted its holdings in PagSeguro Digital by 224.2% in the first quarter. Absolute Gestao de Investimentos Ltda. now owns 1,175,125 shares of the company’s stock valued at $11,775,000 after buying an additional 812,641 shares during the period. Sei Investments Co. lifted its holdings in PagSeguro Digital by 168.5% in the first quarter. Sei Investments Co. now owns 611,057 shares of the company’s stock valued at $6,123,000 after buying an additional 383,452 shares during the period. Bank of America Corp DE boosted its stake in PagSeguro Digital by 15.4% in the first quarter. Bank of America Corp DE now owns 479,554 shares of the company’s stock valued at $4,805,000 after acquiring an additional 63,981 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in PagSeguro Digital by 24.0% in the fourth quarter. Legal & General Group Plc now owns 468,145 shares of the company’s stock valued at $4,513,000 after acquiring an additional 90,591 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Stock Performance

Shares of PAGS opened at $9.28 on Wednesday. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 6.49, a PEG ratio of 0.38 and a beta of 1.29. The stock has a fifty day moving average price of $9.30 and a two-hundred day moving average price of $9.53. PagSeguro Digital has a 52-week low of $8.42 and a 52-week high of $12.32.

PagSeguro Digital (NYSE:PAGS – Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. PagSeguro Digital had a return on equity of 16.36% and a net margin of 10.46%.The company had revenue of $942.97 million during the quarter, compared to analyst estimates of $1 billion. As a group, research analysts predict that PagSeguro Digital will post 1.66 EPS for the current fiscal year.

PagSeguro Digital Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 12.1%. This is a boost from PagSeguro Digital’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Wednesday, September 16th. PagSeguro Digital’s payout ratio is currently 78.32%.

About PagSeguro Digital

(Get Free Report)

PagSeguro Digital Ltd., operating under the PagBank brand, is a Brazilian financial technology company that provides payment-processing and digital banking services. The company serves individual consumers, self-employed professionals, microbusinesses and small and medium-sized enterprises, with a focus on expanding access to electronic payments and financial services in Brazil.

Its offerings include point-of-sale payment terminals, online payment acceptance, mobile payment tools, QR code and Pix transactions, digital accounts, payment cards, personal and business loans, and other financial products.

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