PagSeguro Digital (NYSE:PAGS) Reaches New 1-Year High at $13.49

Shares of PagSeguro Digital Ltd. (NYSE:PAGSGet Free Report) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $13.49 and last traded at $13.49, with a volume of 247779 shares trading hands. The stock had previously closed at $13.32.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PAGS shares. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and boosted their price target for the company from $7.40 to $13.80 in a report on Monday, January 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $14.00 price objective on shares of PagSeguro Digital in a research note on Friday, November 17th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.75.

Check Out Our Latest Stock Analysis on PAGS

PagSeguro Digital Stock Performance

The company has a market cap of $4.34 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.07 and a beta of 1.82. The business’s 50 day moving average price is $11.70 and its 200-day moving average price is $9.83.

PagSeguro Digital (NYSE:PAGSGet Free Report) last issued its quarterly earnings data on Thursday, November 16th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $825.01 million for the quarter, compared to analyst estimates of $819.10 million. PagSeguro Digital had a net margin of 10.11% and a return on equity of 13.36%. On average, equities research analysts expect that PagSeguro Digital Ltd. will post 1.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PAGS. Canton Hathaway LLC acquired a new stake in PagSeguro Digital during the 4th quarter worth approximately $69,000. Mackenzie Financial Corp raised its holdings in PagSeguro Digital by 116.7% during the 4th quarter. Mackenzie Financial Corp now owns 31,579 shares of the company’s stock worth $394,000 after buying an additional 17,009 shares during the period. Polunin Capital Partners Ltd raised its holdings in shares of PagSeguro Digital by 19.3% in the fourth quarter. Polunin Capital Partners Ltd now owns 3,640,969 shares of the company’s stock valued at $45,403,000 after purchasing an additional 589,600 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of PagSeguro Digital by 34.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock valued at $64,000 after purchasing an additional 1,330 shares during the last quarter. Finally, AdvisorNet Financial Inc raised its holdings in shares of PagSeguro Digital by 19.6% in the fourth quarter. AdvisorNet Financial Inc now owns 29,294 shares of the company’s stock valued at $365,000 after purchasing an additional 4,800 shares during the last quarter. Institutional investors own 55.29% 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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