PagSeguro Digital (NYSE:PAGS) Shares Gap Up - Should You Buy?

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $8.47, but opened at $8.90. PagSeguro Digital shares last traded at $9.02, with a volume of 710,230 shares trading hands.

Analysts Set New Price Targets

Several research firms recently issued reports on PAGS. Citigroup raised shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and increased their target price for the stock from $7.00 to $10.00 in a report on Tuesday. Barclays decreased their price objective on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, PagSeguro Digital currently has a consensus rating of "Moderate Buy" and a consensus price target of $11.88.

PagSeguro Digital Trading Up 1.5 %

The firm's 50 day simple moving average is $8.05 and its 200 day simple moving average is $7.63. The firm has a market cap of $3.22 billion, a PE ratio of 8.06, a PEG ratio of 0.51 and a beta of 1.85.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC lifted its position in PagSeguro Digital by 240.0% during the third quarter. Barclays PLC now owns 270,215 shares of the company's stock valued at $2,327,000 after purchasing an additional 190,740 shares during the last quarter. Geode Capital Management LLC raised its position in shares of PagSeguro Digital by 49.1% during the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock valued at $29,014,000 after buying an additional 1,113,103 shares in the last quarter. Virtu Financial LLC bought a new position in shares of PagSeguro Digital in the 3rd quarter valued at about $98,000. Sanctuary Advisors LLC purchased a new position in PagSeguro Digital in the third quarter worth about $157,000. Finally, Tidal Investments LLC bought a new stake in PagSeguro Digital during the third quarter worth approximately $339,000. 45.88% of the stock is currently owned by institutional investors.

About PagSeguro Digital

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.