63,632 Shares in PagSeguro Digital Ltd. (NYSE:PAGS) Purchased by Bridgefront Capital LLC

Bridgefront Capital LLC purchased a new stake in shares of PagSeguro Digital Ltd. (NYSE:PAGS - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 63,632 shares of the company's stock, valued at approximately $398,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Signaturefd LLC boosted its holdings in shares of PagSeguro Digital by 1,306.5% in the 4th quarter. Signaturefd LLC now owns 4,557 shares of the company's stock worth $29,000 after purchasing an additional 4,233 shares in the last quarter. Advisory Services Network LLC bought a new stake in PagSeguro Digital in the 4th quarter worth approximately $66,000. Raymond James Financial Inc. purchased a new stake in PagSeguro Digital in the fourth quarter worth approximately $79,000. Virtu Financial LLC bought a new position in PagSeguro Digital during the third quarter valued at approximately $98,000. Finally, Xponance Inc. raised its stake in shares of PagSeguro Digital by 37.8% during the fourth quarter. Xponance Inc. now owns 17,105 shares of the company's stock worth $107,000 after acquiring an additional 4,695 shares in the last quarter. Hedge funds and other institutional investors own 45.88% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Citigroup raised shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and upped their price objective for the company from $7.00 to $10.00 in a research note on Tuesday, April 22nd. Barclays cut their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, PagSeguro Digital currently has a consensus rating of "Moderate Buy" and an average target price of $11.88.

PagSeguro Digital Stock Down 1.2 %

Shares of NYSE:PAGS traded down $0.12 during midday trading on Friday, hitting $9.85. 5,070,111 shares of the stock traded hands, compared to its average volume of 4,734,789. The business's 50 day moving average is $8.50 and its two-hundred day moving average is $7.74. The stock has a market capitalization of $3.25 billion, a PE ratio of 8.14, a P/E/G ratio of 0.51 and a beta of 1.70. PagSeguro Digital Ltd. has a one year low of $6.11 and a one year high of $14.82.

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

PagSeguro Digital Profile

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.