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PagSeguro Digital (NYSE:PAGS) PT Lowered to $8.00 at The Goldman Sachs Group

kopsource ·  Jan 23, 2023 03:21

PagSeguro Digital (NYSE:PAGS – Get Rating) had its price target cut by The Goldman Sachs Group from $9.00 to $8.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a sell rating on the stock.

A number of other research analysts have also commented on PAGS. Cantor Fitzgerald lowered their price target on PagSeguro Digital from $20.00 to $14.00 and set an overweight rating for the company in a research report on Friday, December 23rd. Morgan Stanley downgraded PagSeguro Digital from an overweight rating to an equal weight rating and cut their price target for the stock from $30.00 to $15.00 in a research note on Tuesday, December 6th. Deutsche Bank Aktiengesellschaft cut their price target on PagSeguro Digital from $20.00 to $12.00 in a research note on Tuesday, December 20th. Evercore ISI cut their price target on PagSeguro Digital from $16.00 to $13.00 in a research note on Wednesday, November 23rd. Finally, Wells Fargo & Company cut their price target on PagSeguro Digital from $14.00 to $9.50 and set an equal weight rating on the stock in a research note on Monday, January 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus target price of $16.91.

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PagSeguro Digital Price Performance

PAGS opened at $8.87 on Friday. The business has a 50 day simple moving average of $9.48 and a two-hundred day simple moving average of $12.20. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 1.04 and a beta of 1.47. PagSeguro Digital has a one year low of $7.51 and a one year high of $23.29.

PagSeguro Digital (NYSE:PAGS – Get Rating) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.02. The business had revenue of $770.41 million during the quarter, compared to analyst estimates of $781.75 million. PagSeguro Digital had a return on equity of 18.02% and a net margin of 9.57%. As a group, sell-side analysts expect that PagSeguro Digital will post 0.89 EPS for the current fiscal year.

Hedge Funds Weigh In On PagSeguro Digital

Hedge funds and other institutional investors have recently modified their holdings of the company. Boit C F David bought a new position in shares of PagSeguro Digital during the 3rd quarter valued at $26,000. Total Clarity Wealth Management Inc. bought a new position in PagSeguro Digital in the 2nd quarter worth $28,000. Atlas Capital Advisors LLC bought a new position in PagSeguro Digital in the 3rd quarter worth $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in PagSeguro Digital by 199.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,005 shares of the company's stock worth $31,000 after purchasing an additional 2,000 shares during the period. Finally, Caption Management LLC bought a new position in PagSeguro Digital in the 2nd quarter worth $36,000. 52.50% of the stock is owned by institutional investors.

About PagSeguro Digital

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PagSeguro Digital Ltd. is engaged in the provision of financial technology solutions focused on consumers, individual entrepreneurs, micro-merchants, small companies and medium-sized companies in Brazil. Its business model covers the following pillars: Multiple digital payment solutions; In-person payments via POS devices that sell to merchants; Free digital accounts; Issuer of prepaid cards to clients for spending or withdrawing account balances, and Operating as an acquirer.

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