Zacks Investment Research Downgrades PagSeguro Digital (NYSE:PAGS) to Sell

PagSeguro Digital (NYSE:PAGS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants and small and medium-sized businesses primarily in Brazil and internationally. The Company offers multiple digital payment solutions, in-person payments via point of sales devices and prepaid cards services. PagSeguro Digital Ltd. is headquartered in Sao Paulo, Brazil. “

PAGS has been the topic of several other reports. Evercore ISI initiated coverage on shares of PagSeguro Digital in a research report on Tuesday, July 16th. They issued an “outperform” rating on the stock. Guggenheim upped their price objective on shares of PagSeguro Digital from $36.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. ValuEngine cut shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Goldman Sachs Group initiated coverage on shares of PagSeguro Digital in a research report on Monday, June 10th. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, KeyCorp upped their price objective on shares of PagSeguro Digital from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company’s stock. PagSeguro Digital currently has a consensus rating of “Hold” and a consensus target price of $39.89.

Shares of PAGS stock traded down $1.02 during trading on Thursday, hitting $45.95. The company had a trading volume of 2,382,396 shares, compared to its average volume of 2,505,051. The business’s 50-day simple moving average is $42.99. The firm has a market cap of $14.68 billion, a PE ratio of 52.22, a price-to-earnings-growth ratio of 1.44 and a beta of 0.69. PagSeguro Digital has a 52 week low of $17.02 and a 52 week high of $48.88.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings data on Tuesday, May 14th. The company reported $1.01 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.76. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. PagSeguro Digital had a net margin of 23.00% and a return on equity of 18.15%. PagSeguro Digital’s revenue for the quarter was up 34.8% on a year-over-year basis. Sell-side analysts anticipate that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Commonwealth Equity Services LLC boosted its stake in PagSeguro Digital by 0.8% in the second quarter. Commonwealth Equity Services LLC now owns 73,492 shares of the company’s stock worth $2,863,000 after buying an additional 616 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in PagSeguro Digital in the first quarter worth approximately $90,000. Apertura Capital LLC purchased a new stake in PagSeguro Digital in the first quarter worth approximately $2,164,000. Claro Advisors LLC purchased a new stake in PagSeguro Digital in the second quarter worth approximately $245,000. Finally, Yorktown Management & Research Co Inc purchased a new stake in PagSeguro Digital in the first quarter worth approximately $293,000.

About PagSeguro Digital

PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.

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Analyst Recommendations for PagSeguro Digital (NYSE:PAGS)

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