PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) shares saw strong trading volume on Thursday . 4,051,478 shares were traded during trading, an increase of 34% from the previous session's volume of 3,024,618 shares.The stock last traded at $11.69 and had previously closed at $11.67.
Wall Street Analyst Weigh In
Several equities research analysts have commented on PAGS shares. New Street Research upgraded shares of PagSeguro Digital from a "neutral" rating to a "buy" rating and raised their price target for the company from $15.00 to $18.00 in a research note on Monday, March 18th. Evercore ISI upgraded shares of PagSeguro Digital from an "in-line" rating to an "outperform" rating and raised their price target for the company from $12.00 to $18.00 in a research note on Tuesday, March 26th. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a "sell" rating to a "neutral" rating and raised their price target for the company from $7.40 to $13.80 in a research note on Monday, January 22nd. Cantor Fitzgerald raised their price target on shares of PagSeguro Digital from $14.00 to $16.00 and gave the company an "overweight" rating in a research note on Monday, March 4th. Finally, Citigroup increased their price objective on shares of PagSeguro Digital from $13.00 to $16.00 and gave the company a "buy" rating in a report on Wednesday, March 20th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, PagSeguro Digital currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.09.
Read Our Latest Analysis on PagSeguro Digital
PagSeguro Digital Price Performance
The stock has a market capitalization of $3.81 billion, a P/E ratio of 11.21, a PEG ratio of 0.64 and a beta of 1.78. The stock's fifty day moving average is $13.38 and its two-hundred day moving average is $11.40.
PagSeguro Digital (NYSE:PAGS - Get Free Report) last issued its earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share for the quarter, topping analysts' consensus estimates of $0.29 by $0.04. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. The firm had revenue of $877.60 million during the quarter, compared to analysts' expectations of $786.91 million. Analysts expect that PagSeguro Digital Ltd. will post 1.3 EPS for the current year.
Hedge Funds Weigh In On PagSeguro Digital
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAGS. Waterfront Wealth Inc. boosted its stake in shares of PagSeguro Digital by 5.5% during the 4th quarter. Waterfront Wealth Inc. now owns 16,230 shares of the company's stock valued at $202,000 after buying an additional 852 shares during the period. Rockefeller Capital Management L.P. boosted its stake in shares of PagSeguro Digital by 1.5% during the 1st quarter. Rockefeller Capital Management L.P. now owns 67,557 shares of the company's stock valued at $578,000 after buying an additional 1,000 shares during the period. Richard P Slaughter Associates Inc boosted its stake in shares of PagSeguro Digital by 0.7% during the 4th quarter. Richard P Slaughter Associates Inc now owns 170,498 shares of the company's stock valued at $2,126,000 after buying an additional 1,149 shares during the period. Nisa Investment Advisors LLC boosted its stake in shares of PagSeguro Digital by 34.9% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company's stock valued at $64,000 after buying an additional 1,330 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of PagSeguro Digital by 13.0% during the 4th quarter. Blue Trust Inc. now owns 12,479 shares of the company's stock valued at $156,000 after buying an additional 1,438 shares during the period. Institutional investors and hedge funds own 45.88% of the company's stock.
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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