PagSeguro Digital (NYSE:PAGS) PT Raised to $75.00

PagSeguro Digital (NYSE:PAGS) had its target price upped by Deutsche Bank Aktiengesellschaft from $60.00 to $75.00 in a research report sent to investors on Monday, The Fly reports. They currently have a buy rating on the stock.

Several other analysts have also recently weighed in on PAGS. KeyCorp raised their target price on shares of PagSeguro Digital from $50.00 to $60.00 and gave the company an overweight rating in a report on Wednesday, December 16th. JPMorgan Chase & Co. upgraded shares of PagSeguro Digital from a neutral rating to an overweight rating and boosted their target price for the stock from $41.00 to $61.00 in a research note on Monday, February 1st. Zacks Investment Research upgraded PagSeguro Digital from a sell rating to a buy rating and set a $59.00 price target on the stock in a research note on Thursday, January 14th. The Goldman Sachs Group raised PagSeguro Digital from a neutral rating to a buy rating and upped their price objective for the stock from $42.00 to $70.00 in a research report on Tuesday, January 19th. Finally, New Street Research assumed coverage on PagSeguro Digital in a research report on Friday, January 29th. They set a buy rating and a $64.00 target price on the stock. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. PagSeguro Digital has an average rating of Buy and a consensus price target of $56.90.

Shares of PAGS opened at $58.35 on Monday. The stock has a 50-day simple moving average of $55.56 and a 200-day simple moving average of $46.29. The stock has a market capitalization of $19.13 billion, a PE ratio of 70.30 and a beta of 1.64. PagSeguro Digital has a 1 year low of $13.58 and a 1 year high of $62.83.

Institutional investors have recently made changes to their positions in the company. Sylebra Capital Ltd raised its position in PagSeguro Digital by 6.5% in the 4th quarter. Sylebra Capital Ltd now owns 11,406,517 shares of the company’s stock valued at $648,803,000 after purchasing an additional 694,890 shares during the last quarter. Sands Capital Management LLC increased its stake in PagSeguro Digital by 7.7% in the fourth quarter. Sands Capital Management LLC now owns 5,326,227 shares of the company’s stock valued at $302,956,000 after purchasing an additional 380,824 shares during the period. BlackRock Inc. increased its stake in PagSeguro Digital by 42.7% in the fourth quarter. BlackRock Inc. now owns 5,310,182 shares of the company’s stock valued at $302,042,000 after purchasing an additional 1,589,317 shares during the period. Morgan Stanley raised its holdings in shares of PagSeguro Digital by 21.9% in the fourth quarter. Morgan Stanley now owns 5,235,473 shares of the company’s stock valued at $297,793,000 after buying an additional 941,531 shares during the last quarter. Finally, Schroder Investment Management Group boosted its stake in shares of PagSeguro Digital by 30.3% during the fourth quarter. Schroder Investment Management Group now owns 4,864,562 shares of the company’s stock worth $276,696,000 after buying an additional 1,132,271 shares during the period. 58.50% of the stock is currently owned by institutional investors and hedge funds.

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 banking services through the PagBank mobile app; 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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