PagSeguro Digital (NYSE:PAGS) Stock Price Up 4.6% - Should You Buy?

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) traded up 4.6% during trading on Tuesday . The company traded as high as $7.03 and last traded at $7.02. 3,024,896 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 4,235,381 shares. The stock had previously closed at $6.71.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on PAGS shares. Cantor Fitzgerald raised PagSeguro Digital to a "strong-buy" rating in a research report on Thursday, October 3rd. The Goldman Sachs Group decreased their target price on shares of PagSeguro Digital from $14.00 to $12.00 and set a "buy" rating for the company in a report on Friday, November 15th. KeyCorp upgraded shares of PagSeguro Digital to a "hold" rating in a report on Friday, November 15th. Barclays decreased their price objective on shares of PagSeguro Digital from $16.00 to $13.00 and set an "overweight" rating for the company in a report on Tuesday, October 15th. Finally, Bank of America reissued 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, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $14.00.

PagSeguro Digital Trading Up 0.9 %

The firm has a market capitalization of $2.23 billion, a P/E ratio of 5.60, a P/E/G ratio of 0.44 and a beta of 1.92. The stock has a 50 day simple moving average of $7.89 and a 200-day simple moving average of $10.16.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PAGS. SPX Gestao de Recursos Ltda bought a new stake in PagSeguro Digital during the 3rd quarter valued at approximately $38,151,000. Marshall Wace LLP grew its holdings in PagSeguro Digital by 55.5% during the 2nd quarter. Marshall Wace LLP now owns 6,994,870 shares of the company's stock valued at $81,770,000 after buying an additional 2,497,968 shares in the last quarter. Millennium Management LLC raised its position in shares of PagSeguro Digital by 115.1% during the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company's stock valued at $44,585,000 after buying an additional 2,040,704 shares during the last quarter. State Street Corp lifted its holdings in shares of PagSeguro Digital by 50.8% in the third quarter. State Street Corp now owns 5,908,054 shares of the company's stock worth $50,868,000 after buying an additional 1,990,849 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of PagSeguro Digital by 26.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 5,478,310 shares of the company's stock worth $47,168,000 after acquiring an additional 1,144,590 shares during the last quarter. 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.