PagSeguro Digital Ltd. (NYSE:PAGS) Short Interest Update

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 16,630,000 shares, a drop of 19.1% from the February 13th total of 20,560,000 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average trading volume of 4,870,000 shares, the short-interest ratio is presently 3.4 days.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on PAGS. JPMorgan Chase & Co. cut their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Citigroup reissued a "neutral" rating and set a $7.00 price objective (down previously from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. Finally, Bank of America reiterated a "neutral" rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, PagSeguro Digital has an average rating of "Moderate Buy" and an average price target of $12.33.

Institutional Investors Weigh In On PagSeguro Digital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Wyoming grew its position in shares of PagSeguro Digital by 32.8% during the fourth quarter. State of Wyoming now owns 6,436 shares of the company's stock worth $40,000 after buying an additional 1,591 shares in the last quarter. Truvestments Capital LLC increased its position in shares of PagSeguro Digital by 8.4% in the 4th quarter. Truvestments Capital LLC now owns 23,202 shares of the company's stock worth $145,000 after purchasing an additional 1,792 shares during the last quarter. Point72 Hong Kong Ltd raised its stake in shares of PagSeguro Digital by 34.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company's stock valued at $93,000 after purchasing an additional 2,767 shares in the last quarter. LPL Financial LLC lifted its position in shares of PagSeguro Digital by 14.2% during the fourth quarter. LPL Financial LLC now owns 33,534 shares of the company's stock worth $210,000 after purchasing an additional 4,165 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in PagSeguro Digital by 1,306.5% in the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company's stock valued at $29,000 after buying an additional 4,233 shares during the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

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PagSeguro Digital Stock Performance

Shares of NYSE:PAGS traded down $0.17 during midday trading on Friday, hitting $8.27. 4,061,594 shares of the company's stock traded hands, compared to its average volume of 4,475,906. PagSeguro Digital has a twelve month low of $6.11 and a twelve month high of $14.82. The company has a market cap of $2.72 billion, a PE ratio of 6.83, a P/E/G ratio of 0.51 and a beta of 2.04. The firm's fifty day moving average price is $7.45 and its two-hundred day moving average price is $7.78.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its earnings results on Friday, February 21st. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The business had revenue of $875.27 million for the quarter, compared to the consensus estimate of $872.66 million. As a group, equities research analysts anticipate that PagSeguro Digital will post 1.17 EPS for the current fiscal year.

PagSeguro Digital Company 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.