PagSeguro Digital Sees Unusually Large Options Volume (NYSE:PAGS)

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors purchased 11,864 call options on the stock. This represents an increase of 392% compared to the average volume of 2,409 call options.

Institutional Investors Weigh In On PagSeguro Digital

A number of institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its position in PagSeguro Digital by 101.4% during the third quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company's stock worth $17,091,000 after purchasing an additional 999,237 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of PagSeguro Digital during the 4th quarter worth approximately $482,000. SPX Gestao de Recursos Ltda acquired a new stake in PagSeguro Digital in the 3rd quarter valued at $38,151,000. Geode Capital Management LLC grew its position in shares of PagSeguro Digital by 49.1% in the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company's stock valued at $29,014,000 after purchasing an additional 1,113,103 shares during the period. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of PagSeguro Digital by 16.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company's stock worth $39,770,000 after purchasing an additional 874,777 shares during the last quarter. 45.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PAGS has been the topic of a number of analyst reports. Citigroup upgraded PagSeguro Digital from a "neutral" rating to a "buy" rating and lifted their price target for the company from $7.00 to $10.00 in a report on Tuesday. Barclays cut their target price on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $11.88.

PagSeguro Digital Price Performance

NYSE:PAGS traded up $0.14 during trading hours on Friday, reaching $9.75. The company had a trading volume of 692,551 shares, compared to its average volume of 4,442,361. The firm has a market cap of $3.21 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 0.51 and a beta of 1.85. PagSeguro Digital has a 1-year low of $6.11 and a 1-year high of $14.82. The business's 50 day moving average price is $8.05 and its 200-day moving average price is $7.63.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last announced its quarterly 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 the consensus estimate of $872.66 million. On average, analysts expect that PagSeguro Digital will post 1.17 earnings per share for the current fiscal year.

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.