PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report)'s stock price traded up 3.6% during trading on Thursday . The stock traded as high as $8.39 and last traded at $8.28. 2,486,079 shares changed hands during trading, a decline of 46% from the average session volume of 4,603,083 shares. The stock had previously closed at $7.99.
Analyst Ratings Changes
A number of brokerages have issued reports on PAGS. Citigroup reaffirmed a "neutral" rating and set a $7.00 price target (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. Bank of America reaffirmed a "neutral" rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of PagSeguro Digital from $16.00 to $11.00 and set a "neutral" rating for the company in a report on Monday, December 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $11.63.
Check Out Our Latest Research Report on PAGS
PagSeguro Digital Trading Down 3.3 %
The stock has a 50-day moving average of $7.80 and a two-hundred day moving average of $7.61. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 6.25, a price-to-earnings-growth ratio of 0.51 and a beta of 1.85.
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, topping the consensus estimate of $0.29 by $0.05. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The company had revenue of $875.27 million during the quarter, compared to analysts' expectations of $872.66 million. Sell-side analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.
Hedge Funds Weigh In On PagSeguro Digital
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of PagSeguro Digital by 1,306.5% during 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 in the last quarter. State of Wyoming grew its stake in PagSeguro Digital by 32.8% during the 4th quarter. State of Wyoming now owns 6,436 shares of the company's stock valued at $40,000 after acquiring an additional 1,591 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of PagSeguro Digital in the 4th quarter valued at about $66,000. Raymond James Financial Inc. acquired a new stake in shares of PagSeguro Digital during the fourth quarter worth approximately $79,000. Finally, Wexford Capital LP purchased a new position in PagSeguro Digital during the fourth quarter valued at approximately $90,000. 45.88% of the stock is currently owned by hedge funds and other institutional investors.
About PagSeguro Digital
(
Get Free Report)
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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