PagSeguro Digital (NYSE:PAGS) Trading 7.2% Higher – Here’s Why

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) were up 7.2% during mid-day trading on Thursday . The stock traded as high as $7.58 and last traded at $7.57. Approximately 544,820 shares traded hands during trading, a decline of 87% from the average daily volume of 4,212,027 shares. The stock had previously closed at $7.06.

Analyst Ratings Changes

PAGS has been the topic of a number of recent analyst reports. The Goldman Sachs Group cut their price objective on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research note on Friday, November 15th. Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Susquehanna lowered their target price on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research note on Monday, November 18th. Citigroup reaffirmed a “neutral” rating and set a $7.00 price target (down previously from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lowered their price objective on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, PagSeguro Digital has an average rating of “Moderate Buy” and an average price target of $13.18.

PagSeguro Digital Trading Down 2.5 %

The company has a market capitalization of $2.46 billion, a PE ratio of 6.16, a P/E/G ratio of 0.44 and a beta of 1.94. The stock’s fifty day moving average is $6.84 and its two-hundred day moving average is $8.93.

Hedge Funds Weigh In On PagSeguro Digital

Several large investors have recently modified their holdings of the business. Quarry LP lifted its holdings in shares of PagSeguro Digital by 156.2% in the second quarter. Quarry LP now owns 6,242 shares of the company’s stock worth $73,000 after buying an additional 3,806 shares in the last quarter. GW Henssler & Associates Ltd. purchased a new stake in PagSeguro Digital in the 3rd quarter worth approximately $87,000. Point72 Hong Kong Ltd boosted its holdings in PagSeguro Digital by 34.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock valued at $93,000 after purchasing an additional 2,767 shares during the period. Virtu Financial LLC purchased a new position in shares of PagSeguro Digital during the 3rd quarter valued at $98,000. Finally, Gulf International Bank UK Ltd bought a new position in shares of PagSeguro Digital in the third quarter worth $111,000. Hedge funds and other institutional investors 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.