PagSeguro Digital (NYSE:PAGS) Shares Up 7.2% – Should You Buy?

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on PAGS. JPMorgan Chase & Co. dropped their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. KeyCorp raised PagSeguro Digital to a “hold” rating in a report on Friday, November 15th. Susquehanna decreased their price target on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a report on Monday, November 18th. Citigroup reaffirmed a “neutral” rating and set a $7.00 price objective (down from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group cut their target price on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, five have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, PagSeguro Digital has an average rating of “Moderate Buy” and a consensus price target of $13.18.

PagSeguro Digital Trading Up 8.7 %

The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 6.34, a PEG ratio of 0.41 and a beta of 1.94. The stock’s 50 day moving average is $6.85 and its two-hundred day moving average is $8.98.

Institutional Trading of PagSeguro Digital

Several hedge funds have recently made changes to their positions in PAGS. Robeco Institutional Asset Management B.V. raised its holdings in PagSeguro Digital by 16.0% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company’s stock worth $39,770,000 after purchasing an additional 874,777 shares in the last quarter. State Street Corp raised its stake in shares of PagSeguro Digital by 50.8% during the 3rd quarter. State Street Corp now owns 5,908,054 shares of the company’s stock worth $50,868,000 after buying an additional 1,990,849 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new stake in shares of PagSeguro Digital in the 3rd quarter valued at approximately $38,151,000. Millennium Management LLC boosted its stake in shares of PagSeguro Digital by 115.1% in the second quarter. Millennium Management LLC now owns 3,813,901 shares of the company’s stock valued at $44,585,000 after buying an additional 2,040,704 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in PagSeguro Digital by 49.1% during the third quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock worth $29,014,000 after acquiring an additional 1,113,103 shares during the period. Institutional investors and hedge funds 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.