PagSeguro Digital (NYSE:PAGS) Shares Gap Up - Time to Buy?

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $7.89, but opened at $8.18. PagSeguro Digital shares last traded at $8.48, with a volume of 961,925 shares.

Analysts Set New Price Targets

PAGS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reduced 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. Bank of America reaffirmed a "neutral" rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.33.

PagSeguro Digital Stock Performance

The stock has a market capitalization of $2.72 billion, a P/E ratio of 6.83, a PEG ratio of 0.51 and a beta of 2.04. The company's fifty day simple moving average is $7.49 and its two-hundred day simple moving average is $7.72.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its earnings results on Friday, February 21st. 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 net margin of 11.12% and a return on equity of 15.49%. The firm had revenue of $875.27 million for the quarter, compared to analyst estimates of $872.66 million. On average, research analysts predict that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC boosted its position in shares of PagSeguro Digital by 1,306.5% during the 4th quarter. Signaturefd LLC now owns 4,557 shares of the company's stock worth $29,000 after acquiring an additional 4,233 shares in the last quarter. State of Wyoming boosted its position in shares of PagSeguro Digital by 32.8% during the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock worth $40,000 after acquiring an additional 1,591 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of PagSeguro Digital during the 4th quarter worth approximately $66,000. Point72 Hong Kong Ltd boosted its position in shares of PagSeguro Digital by 34.6% during the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company's stock worth $93,000 after acquiring an additional 2,767 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in PagSeguro Digital in the third quarter valued at approximately $98,000. Institutional investors and hedge funds own 45.88% of the company's stock.

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.