Fintel reports that on September 15, 2023, New Street Research upgraded their outlook for PagSeguro Digital Ltd – (NYSE:PAGS) from Neutral to Buy.
Analyst Price Forecast Suggests 37.94% Upside
As of August 31, 2023, the average one-year price target for PagSeguro Digital Ltd – is 12.61. The forecasts range from a low of 8.08 to a high of $16.80. The average price target represents an increase of 37.94% from its latest reported closing price of 9.14.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for PagSeguro Digital Ltd – is 20,289MM, an increase of 32.14%. The projected annual non-GAAP EPS is 5.80.
What is the Fund Sentiment?
There are 347 funds or institutions reporting positions in PagSeguro Digital Ltd -. This is an increase of 53 owner(s) or 18.03% in the last quarter. Average portfolio weight of all funds dedicated to PAGS is 0.29%, an increase of 4.21%. Total shares owned by institutions increased in the last three months by 4.93% to 214,553K shares. The put/call ratio of PAGS is 0.34, indicating a bullish outlook.
What are Other Shareholders Doing?
Capital World Investors holds 24,569K shares representing 7.63% ownership of the company. In it’s prior filing, the firm reported owning 24,548K shares, representing an increase of 0.09%. The firm increased its portfolio allocation in PAGS by 2.59% over the last quarter.
FEMSX – Fidelity Series Emerging Markets Opportunities Fund holds 13,699K shares representing 4.25% ownership of the company. No change in the last quarter.
Sylebra Capital holds 11,549K shares representing 3.59% ownership of the company. In it’s prior filing, the firm reported owning 13,296K shares, representing a decrease of 15.13%. The firm decreased its portfolio allocation in PAGS by 11.81% over the last quarter.
Tekne Capital Management holds 11,262K shares representing 3.50% ownership of the company. In it’s prior filing, the firm reported owning 11,246K shares, representing an increase of 0.14%. The firm increased its portfolio allocation in PAGS by 147.16% over the last quarter.
NEWFX – NEW WORLD FUND INC holds 9,492K shares representing 2.95% ownership of the company. No change in the last quarter.
PagSeguro Digital Background Information
(This description is provided by the company.)
PagSeguro is a disruptive provider of financial technology solutions focused primarily on consumers, individual entrepreneurs, micro-merchants, small companies and medium-sized companies in Brazil.
This article originally appeared on Fintel
The Average American Has No Idea How Much Money You Can Make Today (Sponsor)
The last few years made people forget how much banks and CD’s can pay. Meanwhile, interest rates have spiked and many can afford to pay you much more, but most are keeping yields low and hoping you won’t notice.
But there is good news. To win qualified customers, some accounts are paying almost 10x the national average! That’s an incredible way to keep your money safe and earn more at the same time. Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 3.80% with a Checking & Savings Account today Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Click here to see how much more you could be earning on your savings today. It takes just a few minutes to open an account to make your money work for you.
Our top pick for high yield savings accounts includes other benefits as well. You can earn up to 4.00% with a Checking & Savings Account from Sofi. Sign up and get up to $300 with direct deposit. No account fees. FDIC Insured.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.