Citigroup Upgrades PagSeguro Digital (PAGS)

On March 28, 2023,
Citigroup
upgraded
their outlook for PagSeguro Digital (NYSE:PAGS) from Neutral to Buy.

Analyst Price Forecast Suggests 78.95% Upside

As of March 27, 2023,
the average one-year price target for PagSeguro Digital is $14.92.
The forecasts range from a low of $8.08 to a high of $40.95.
The average price target represents an increase of 78.95% from its latest reported closing price of $8.34.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for PagSeguro Digital
is $20,289MM, an increase of 33.84%.

The projected annual non-GAAP EPS
is $5.80.

What are Large Shareholders Doing?

Capital World Investors
holds 24,528K shares

representing 7.56% ownership of the company.

In it’s prior filing, the firm reported owning 24,478K shares, representing
an increase
of 0.20%.

The firm

decreased

its portfolio allocation in PAGS by 37.15% over the last quarter.

FEMSX – Fidelity Series Emerging Markets Opportunities Fund
holds 13,699K shares

representing 4.22% ownership of the company.

In it’s prior filing, the firm reported owning 13,691K shares, representing
an increase
of 0.06%.

The firm

decreased

its portfolio allocation in PAGS by 36.84% over the last quarter.

Sylebra Capital
holds 12,852K shares

representing 3.96% ownership of the company.

In it’s prior filing, the firm reported owning 10,607K shares, representing
an increase
of 17.47%.

The firm

decreased

its portfolio allocation in PAGS by 8.85% over the last quarter.

NEWFX – NEW WORLD FUND INC
holds 10,161K shares

representing 3.13% ownership of the company.

In it’s prior filing, the firm reported owning 13,348K shares, representing
a decrease
of 31.37%.

The firm

increased

its portfolio allocation in PAGS by 6.19% over the last quarter.

Nuveen Asset Management
holds 9,012K shares

representing 2.78% ownership of the company.

In it’s prior filing, the firm reported owning 9,119K shares, representing
a decrease
of 1.18%.

The firm

decreased

its portfolio allocation in PAGS by 37.53% over the last quarter.

What is the Fund Sentiment?

There are 299 funds or institutions reporting positions in PagSeguro Digital.

This is an increase
of
14
owner(s) or 4.91% in the last quarter.

Average portfolio weight of all funds dedicated to PAGS is 0.38%,
a decrease
of 13.84%.

Total shares owned by institutions increased
in the last three months by 0.73% to 213,886K shares.

The put/call ratio of PAGS is 0.21, indicating a

bullish
outlook.

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 story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.