PagSeguro Digital (NYSE:PAGS) Trading 8.8% Higher

PagSeguro Digital Ltd. (NYSE:PAGS – Get Rating)’s stock price traded up 8.8% during trading on Thursday . The company traded as high as $13.48 and last traded at $13.31. 80,506 shares were traded during mid-day trading, a decline of 97% from the average session volume of 2,398,041 shares. The stock had previously closed at $12.23.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company dropped their price objective on PagSeguro Digital from $23.00 to $21.00 and set an “equal weight” rating on the stock in a report on Thursday, June 9th. Susquehanna Bancshares lowered their price target on PagSeguro Digital from $38.00 to $26.00 in a report on Monday, May 2nd. Citigroup lowered their price target on PagSeguro Digital from $26.00 to $19.00 and set a “buy” rating on the stock in a report on Tuesday, June 21st. Susquehanna lowered their price target on PagSeguro Digital from $38.00 to $26.00 in a report on Monday, May 2nd. Finally, The Goldman Sachs Group reduced their price objective on PagSeguro Digital from $19.00 to $13.00 and set a “neutral” rating for the company in a research report on Thursday, July 14th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.94.

PagSeguro Digital Stock Performance

The company has a market capitalization of $4.83 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 0.73 and a beta of 1.74. The company has a 50-day moving average price of $11.90 and a 200-day moving average price of $14.89.

PagSeguro Digital (NYSE:PAGS – Get Rating) last posted its earnings results on Wednesday, June 8th. The company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. PagSeguro Digital had a return on equity of 14.81% and a net margin of 10.56%. The company had revenue of $655.70 million during the quarter, compared to analyst estimates of $689.08 million. As a group, sell-side analysts anticipate that PagSeguro Digital Ltd. will post 0.9 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PagSeguro Digital

Institutional investors have recently modified their holdings of the business. Total Clarity Wealth Management Inc. bought a new position in shares of PagSeguro Digital during the 2nd quarter valued at about $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its stake in PagSeguro Digital by 199.0% in the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,005 shares of the company’s stock valued at $31,000 after acquiring an additional 2,000 shares in the last quarter. Provida Pension Fund Administrator bought a new stake in PagSeguro Digital in the 4th quarter valued at approximately $52,000. Advisors Asset Management Inc. bought a new stake in PagSeguro Digital in the 1st quarter valued at approximately $66,000. Finally, Asset Management One Co. Ltd. lifted its stake in PagSeguro Digital by 77.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,829 shares of the company’s stock valued at $72,000 after acquiring an additional 1,231 shares in the last quarter. Institutional investors own 57.31% of the company’s stock.

About PagSeguro Digital

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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 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.