PagSeguro Digital (NYSE:PAGS) Shares Gap Up - Time to Buy?

PagSeguro Digital Ltd. (NYSE:PAGS - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $8.47, but opened at $8.90. PagSeguro Digital shares last traded at $9.02, with a volume of 710,230 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on PAGS shares. Barclays decreased their target price on shares of PagSeguro Digital from $13.00 to $12.00 and set an "overweight" rating for the company in a research note on Wednesday. Citigroup raised PagSeguro Digital from a "neutral" rating to a "buy" rating and increased their price target for the company from $7.00 to $10.00 in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $11.88.

PagSeguro Digital Price Performance

The stock's fifty day simple moving average is $8.08 and its two-hundred day simple moving average is $7.63. The company has a market capitalization of $3.25 billion, a price-to-earnings ratio of 8.16, a PEG ratio of 0.51 and a beta of 1.85.

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

Hedge Funds Weigh In On PagSeguro Digital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Waterfront Wealth Inc. lifted its position in shares of PagSeguro Digital by 6.8% in the 1st quarter. Waterfront Wealth Inc. now owns 274,519 shares of the company's stock valued at $2,095,000 after acquiring an additional 17,465 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of PagSeguro Digital by 626.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company's stock worth $39,000 after buying an additional 4,435 shares during the period. Artemis Investment Management LLP purchased a new position in shares of PagSeguro Digital during the first quarter valued at $2,249,000. Perpetual Ltd raised its position in PagSeguro Digital by 227.7% during the first quarter. Perpetual Ltd now owns 272,741 shares of the company's stock valued at $2,081,000 after buying an additional 189,524 shares during the period. Finally, Bellecapital International Ltd. boosted its position in PagSeguro Digital by 5.1% during the 1st quarter. Bellecapital International Ltd. now owns 335,422 shares of the company's stock worth $2,559,000 after acquiring an additional 16,201 shares during the period. Institutional investors and hedge funds own 45.88% of the company's stock.

PagSeguro Digital Company 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.