Ashton Thomas Private Wealth LLC Buys New Shares in PagSeguro Digital Ltd. (NYSE:PAGS)

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

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd lifted its stake in PagSeguro Digital by 34.6% during the third 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 last quarter. Virtu Financial LLC acquired a new stake in PagSeguro Digital during the third quarter valued at approximately $98,000. Raymond James Financial Inc. acquired a new stake in PagSeguro Digital during the fourth quarter valued at approximately $79,000. DGS Capital Management LLC acquired a new stake in PagSeguro Digital during the third quarter valued at approximately $113,000. Finally, Creative Planning acquired a new stake in PagSeguro Digital during the third quarter valued at approximately $115,000. 45.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on PAGS. KeyCorp upgraded shares of PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Citigroup restated a “neutral” rating and issued a $7.00 price target (down previously from $17.00) on shares of PagSeguro Digital in a research report on Thursday, January 16th. Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a research report on Tuesday, December 10th. Susquehanna reduced their price target on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research report on Monday, November 18th. Finally, JPMorgan Chase & Co. reduced their price target on shares of 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 given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, PagSeguro Digital currently has an average rating of “Moderate Buy” and an average price target of $12.90.

PagSeguro Digital Stock Performance

PagSeguro Digital stock opened at $7.26 on Tuesday. The firm has a market cap of $2.39 billion, a PE ratio of 6.00, a P/E/G ratio of 0.51 and a beta of 2.04. The firm’s 50 day moving average price is $7.18 and its two-hundred day moving average price is $7.95. PagSeguro Digital Ltd. has a twelve month low of $6.11 and a twelve month high of $14.82.

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

PagSeguro Digital 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.