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PagSeguro Digital (NYSE:PAGS) Shares Gap Down - Should You Sell?

PagSeguro Digital logo with Business Services background

Shares of PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $8.78, but opened at $8.60. PagSeguro Digital shares last traded at $8.57, with a volume of 1,750,434 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Susquehanna decreased their target price on PagSeguro Digital from $16.00 to $14.00 and set a "positive" rating for the company in a research note on Wednesday, May 14th. Citigroup raised 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, April 22nd. Finally, Barclays cut their price target on PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating on the stock in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $11.63.

Check Out Our Latest Report on PAGS

PagSeguro Digital Trading Down 2.6%

The firm's fifty day moving average price is $8.95 and its 200 day moving average price is $7.87. The firm has a market capitalization of $2.82 billion, a PE ratio of 7.07, a PEG ratio of 0.51 and a beta of 1.58.

PagSeguro Digital (NYSE:PAGS - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.29 by $0.02. The business had revenue of $857.50 million for the quarter, compared to analysts' expectations of $914.45 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. As a group, research analysts expect that PagSeguro Digital Ltd. will post 1.17 EPS for the current year.

PagSeguro Digital Dividend Announcement

The business also recently disclosed a -- dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were given a dividend of $0.14 per share. The ex-dividend date was Friday, May 23rd. PagSeguro Digital's dividend payout ratio is currently 11.48%.

Institutional Trading of PagSeguro Digital

Hedge funds have recently modified their holdings of the company. Intech Investment Management LLC increased its holdings in shares of PagSeguro Digital by 29.9% in the first quarter. Intech Investment Management LLC now owns 150,945 shares of the company's stock worth $1,152,000 after acquiring an additional 34,787 shares in the last quarter. PDT Partners LLC lifted its position in PagSeguro Digital by 249.1% during the 1st quarter. PDT Partners LLC now owns 228,310 shares of the company's stock worth $1,742,000 after buying an additional 162,907 shares in the last quarter. Maverick Capital Ltd. bought a new stake in PagSeguro Digital during the 1st quarter worth about $1,003,000. Itau Unibanco Holding S.A. bought a new stake in PagSeguro Digital during the 1st quarter worth about $2,198,000. Finally, Ieq Capital LLC acquired a new position in shares of PagSeguro Digital during the 1st quarter worth approximately $101,000. Institutional investors and hedge funds own 45.88% of the company's stock.

PagSeguro Digital Company Profile

(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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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