PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report)'s share price gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $8.16, but opened at $8.53. PagSeguro Digital shares last traded at $8.27, with a volume of 2,399,801 shares traded.
The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.05. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. The firm had revenue of $875.27 million for the quarter, compared to analyst estimates of $872.66 million.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Citigroup reaffirmed a "neutral" rating and set a $7.00 price target (down previously from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. The Goldman Sachs Group dropped their price target on PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, November 15th. Bank of America reiterated a "neutral" rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Finally, KeyCorp upgraded shares of PagSeguro Digital to a "hold" rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $13.18.
View Our Latest Stock Analysis on PagSeguro Digital
Institutional Investors Weigh In On PagSeguro Digital
Several hedge funds and other institutional investors have recently bought and sold shares of PAGS. Millennium Management LLC grew its position in shares of PagSeguro Digital by 870.4% during the fourth quarter. Millennium Management LLC now owns 6,271,376 shares of the company's stock worth $39,259,000 after buying an additional 5,625,121 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new position in PagSeguro Digital during the 3rd quarter valued at $38,151,000. Sylebra Capital LLC grew its holdings in PagSeguro Digital by 53.0% during the 4th quarter. Sylebra Capital LLC now owns 12,143,691 shares of the company's stock worth $76,020,000 after acquiring an additional 4,208,192 shares in the last quarter. Marshall Wace LLP grew its holdings in PagSeguro Digital by 307.4% during the 4th quarter. Marshall Wace LLP now owns 4,459,616 shares of the company's stock worth $27,917,000 after acquiring an additional 3,364,926 shares in the last quarter. Finally, State Street Corp increased its position in shares of PagSeguro Digital by 50.8% in the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company's stock worth $50,868,000 after purchasing an additional 1,990,849 shares during the last quarter. 45.88% of the stock is currently owned by hedge funds and other institutional investors.
PagSeguro Digital Stock Performance
The business's 50 day moving average price is $6.98 and its 200-day moving average price is $8.32. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 0.51 and a beta of 1.95.
About PagSeguro Digital
(
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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.
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