Ashton Thomas Private Wealth LLC Buys Shares of 71,560 PagSeguro Digital Ltd. (NYSE:PAGS)

Ashton Thomas Private Wealth LLC purchased a new stake in PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 71,560 shares of the company's stock, valued at approximately $448,000.

Other institutional investors also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. grew its stake in shares of PagSeguro Digital by 16.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock valued at $39,770,000 after buying an additional 874,777 shares in the last quarter. State Street Corp grew its position in PagSeguro Digital by 50.8% in the third quarter. State Street Corp now owns 5,908,054 shares of the company's stock valued at $50,868,000 after acquiring an additional 1,990,849 shares in the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in shares of PagSeguro Digital during the third quarter valued at approximately $38,151,000. Geode Capital Management LLC lifted its position in shares of PagSeguro Digital by 49.1% during the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock worth $29,014,000 after purchasing an additional 1,113,103 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of PagSeguro Digital by 101.4% in the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock valued at $17,091,000 after purchasing an additional 999,237 shares during the period. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

PAGS has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. cut their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Susquehanna reduced their price target on PagSeguro Digital from $19.00 to $16.00 and set a "positive" rating for the company in a report on Monday, November 18th. The Goldman Sachs Group cut their target price on PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. KeyCorp raised shares of PagSeguro Digital to a "hold" rating in a research report on Friday, November 15th. Finally, Bank of America reaffirmed a "neutral" rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, PagSeguro Digital has an average rating of "Moderate Buy" and a consensus target price of $12.90.

PagSeguro Digital Trading Up 4.1 %

PAGS traded up $0.31 during trading on Friday, reaching $7.80. 3,028,422 shares of the company were exchanged, compared to its average volume of 4,570,625. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82. The firm has a 50 day moving average of $7.27 and a 200 day moving average of $7.88. The stock has a market cap of $2.57 billion, a P/E ratio of 6.44, a PEG ratio of 0.51 and a beta of 2.04.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The business had revenue of $875.27 million for the quarter, compared to analysts' expectations of $872.66 million. As a group, analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

PagSeguro Digital Profile

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 payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.