The Goldman Sachs Group Lowers PagSeguro Digital (NYSE:PAGS) Price Target To $13.00

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PagSeguro Digital (NYSE:PAGS – Get Rating) had its target price dropped by The Goldman Sachs Group from $19.00 to $13.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 24.88% from the stock’s current price.

PAGS has been the subject of several other research reports. Itau BBA Securities raised shares of PagSeguro Digital from a “market perform” rating to an “outperform” rating and set a $31.00 price target for the company in a report on Wednesday, March 30th. Cantor Fitzgerald initiated coverage on shares of PagSeguro Digital in a report on Friday, April 8th. They set an “overweight” rating and a $25.00 price target for the company. Susquehanna Bancshares reduced their price objective on shares of PagSeguro Digital from $38.00 to $26.00 in a report on Monday, May 2nd. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PagSeguro Digital from $40.00 to $29.00 and set a “buy” rating for the company in a report on Wednesday, March 23rd. Finally, New Street Research downgraded shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a report on Monday, May 9th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $25.94.

PagSeguro Digital Stock Performance

Shares of PAGS opened at $10.41 on Thursday. PagSeguro Digital has a 1 year low of $9.45 and a 1 year high of $61.65. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 0.51 and a beta of 1.79. The firm has a fifty day moving average of $12.32 and a 200-day moving average of $16.23.

PagSeguro Digital (NYSE:PAGS – Get Rating) last announced its quarterly earnings results on Wednesday, June 8th. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. PagSeguro Digital had a net margin of 10.56% and a return on equity of 14.81%. The company had revenue of $655.70 million during the quarter, compared to the consensus estimate of $689.08 million. Analysts predict that PagSeguro Digital will post 0.91 EPS for the current year.

Institutional Investors Weigh In On PagSeguro Digital

Institutional investors and hedge funds have recently bought and sold shares of the business. New York State Common Retirement Fund lifted its stake in PagSeguro Digital by 178.7% during the fourth quarter. New York State Common Retirement Fund now owns 226,574 shares of the company’s stock valued at $5,941,000 after buying an additional 145,269 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in PagSeguro Digital by 74.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,443,646 shares of the company’s stock valued at $90,292,000 after buying an additional 1,465,172 shares in the last quarter. Invesco Ltd. lifted its stake in PagSeguro Digital by 77.5% during the fourth quarter. Invesco Ltd. now owns 14,692,252 shares of the company’s stock valued at $385,230,000 after buying an additional 6,413,713 shares in the last quarter. Coronation Fund Managers Ltd. lifted its stake in PagSeguro Digital by 58.6% during the fourth quarter. Coronation Fund Managers Ltd. now owns 2,096,070 shares of the company’s stock valued at $54,959,000 after buying an additional 774,713 shares in the last quarter. Finally, LMR Partners LLP lifted its stake in PagSeguro Digital by 3.2% during the fourth quarter. LMR Partners LLP now owns 480,847 shares of the company’s stock valued at $12,608,000 after buying an additional 15,083 shares in the last quarter. 57.31% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Company Profile

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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 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.