PagSeguro Digital (NYSE:PAGS) Sees Unusually-High Trading Volume

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) saw unusually-strong trading volume on Thursday . Approximately 4,051,478 shares were traded during mid-day 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PAGS shares. Cantor Fitzgerald upped their target price on shares of PagSeguro Digital from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. New Street Research raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and upped their target price for the stock from $15.00 to $18.00 in a report on Monday, March 18th. The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and upped their price target for the stock from $7.40 to $13.80 in a research report on Monday, January 22nd. Evercore ISI upgraded shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and upped their price target for the stock from $12.00 to $18.00 in a research report on Tuesday, March 26th. Finally, Citigroup upped their price target on shares of PagSeguro Digital from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.09.

PagSeguro Digital Stock Performance

The company has a market capitalization of $3.78 billion, a price-to-earnings ratio of 11.15, a P/E/G ratio of 0.62 and a beta of 1.78. The business’s 50-day simple moving average is $13.35 and its 200-day simple moving average is $11.42.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, beating 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 company had revenue of $877.60 million for the quarter, compared to the consensus estimate of $786.91 million. On average, analysts forecast that PagSeguro Digital Ltd. will post 1.29 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PAGS. HighTower Advisors LLC lifted its position in PagSeguro Digital by 8.7% during the 1st quarter. HighTower Advisors LLC now owns 21,809 shares of the company’s stock valued at $436,000 after purchasing an additional 1,748 shares during the period. Natixis Advisors L.P. lifted its position in PagSeguro Digital by 90.8% during the 1st quarter. Natixis Advisors L.P. now owns 83,002 shares of the company’s stock valued at $1,664,000 after purchasing an additional 39,497 shares during the period. Dimensional Fund Advisors LP raised its position in shares of PagSeguro Digital by 18.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 23,839 shares of the company’s stock valued at $478,000 after acquiring an additional 3,695 shares during the period. Sei Investments Co. raised its position in shares of PagSeguro Digital by 0.7% in the 1st quarter. Sei Investments Co. now owns 269,645 shares of the company’s stock valued at $5,403,000 after acquiring an additional 1,884 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of PagSeguro Digital by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 146,147 shares of the company’s stock valued at $2,930,000 after acquiring an additional 9,497 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

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.