Ashton Thomas Private Wealth LLC Invests $448,000 in PagSeguro Digital Ltd. (NYSE:PAGS)

Ashton Thomas Private Wealth LLC bought a new position in PagSeguro Digital Ltd. (NYSE:PAGS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 71,560 shares of the company’s stock, valued at approximately $448,000.

Several other hedge funds and other institutional investors also recently modified their holdings of PAGS. Creative Planning bought a new stake in shares of PagSeguro Digital in the 3rd quarter worth about $115,000. Asset Management One Co. Ltd. increased its position in shares of PagSeguro Digital by 547.7% in the 3rd quarter. Asset Management One Co. Ltd. now owns 28,950 shares of the company’s stock worth $249,000 after purchasing an additional 24,480 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of PagSeguro Digital by 23.8% in the 3rd quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock worth $3,478,000 after purchasing an additional 77,543 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of PagSeguro Digital by 88.6% in the 3rd quarter. GSA Capital Partners LLP now owns 131,408 shares of the company’s stock worth $1,131,000 after purchasing an additional 61,736 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of PagSeguro Digital in the 3rd quarter worth about $3,246,000. Institutional investors own 45.88% of the company’s stock.

Wall Street Analyst Weigh In

PAGS has been the subject of several research reports. Citigroup reaffirmed a “neutral” rating and issued a $7.00 price target (down from $17.00) on shares of PagSeguro Digital in a report on Thursday, January 16th. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Susquehanna decreased their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday, November 18th. JPMorgan Chase & Co. reduced their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Finally, Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.90.

PagSeguro Digital Trading Down 3.4 %

PAGS stock opened at $7.26 on Tuesday. PagSeguro Digital Ltd. has a 52 week low of $6.11 and a 52 week high of $14.82. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of 6.00, a price-to-earnings-growth ratio of 0.51 and a beta of 2.04. The firm’s 50-day moving average is $7.18 and its two-hundred day moving average is $7.95.

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

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.