Citigroup Reiterates “Neutral” Rating for PagSeguro Digital (NYSE:PAGS)

Citigroup restated their neutral rating on shares of PagSeguro Digital (NYSE:PAGS) in a research report released on Thursday, MarketBeat reports. They currently have a $7.00 price objective on the stock, down from their prior price objective of $17.00.

Several other research firms have also recently commented on PAGS. The Goldman Sachs Group cut their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Itau BBA Securities downgraded PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a research report on Tuesday, October 1st. Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Cantor Fitzgerald upgraded PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. reduced their target price on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, PagSeguro Digital has a consensus rating of “Moderate Buy” and a consensus target price of $13.18.

PagSeguro Digital Stock Up 1.3 %

PAGS opened at $6.73 on Thursday. The stock’s 50 day moving average price is $7.02 and its two-hundred day moving average price is $9.30. The firm has a market capitalization of $2.22 billion, a P/E ratio of 5.56, a price-to-earnings-growth ratio of 0.40 and a beta of 1.94. PagSeguro Digital has a 12-month low of $6.11 and a 12-month high of $14.98.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PAGS. EverSource Wealth Advisors LLC acquired a new position in PagSeguro Digital in the second quarter valued at approximately $74,000. Quarry LP lifted its stake in shares of PagSeguro Digital by 156.2% in the 2nd quarter. Quarry LP now owns 6,242 shares of the company’s stock valued at $73,000 after purchasing an additional 3,806 shares during the period. GW Henssler & Associates Ltd. bought a new position in shares of PagSeguro Digital in the 3rd quarter worth $87,000. Point72 Hong Kong Ltd increased its holdings in PagSeguro Digital by 34.6% in the third quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock valued at $93,000 after purchasing an additional 2,767 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in PagSeguro Digital during the third quarter worth about $98,000. 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.