PagSeguro Digital (NYSE:PAGS) Stock Price Up 3.6% – Still a Buy?

PagSeguro Digital Ltd. (NYSE:PAGS)’s stock price was up 3.6% during mid-day trading on Thursday . The company traded as high as $8.39 and last traded at $8.28. Approximately 2,486,079 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 4,603,083 shares. The stock had previously closed at $7.99.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on PAGS shares. Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price target on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Citigroup reiterated 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, PagSeguro Digital currently has an average rating of “Hold” and an average price target of $11.63.

PagSeguro Digital Stock Performance

The stock has a 50 day simple moving average of $7.76 and a two-hundred day simple moving average of $7.66. The firm has a market cap of $2.58 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 0.51 and a beta of 1.85.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Friday, February 21st. The company reported $0.34 earnings per share 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 business had revenue of $875.27 million during the quarter, compared to the consensus estimate of $872.66 million. Equities research analysts forecast that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

Institutional Trading of PagSeguro Digital

Several institutional investors have recently bought and sold shares of the business. Signaturefd LLC raised its stake in shares of PagSeguro Digital by 1,306.5% during the 4th quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock worth $29,000 after buying an additional 4,233 shares during the period. State of Wyoming raised its position in PagSeguro Digital by 32.8% during the fourth quarter. State of Wyoming now owns 6,436 shares of the company’s stock worth $40,000 after acquiring an additional 1,591 shares during the period. Advisory Services Network LLC purchased a new position in PagSeguro Digital during the fourth quarter valued at $66,000. Raymond James Financial Inc. acquired a new stake in shares of PagSeguro Digital in the fourth quarter valued at about $79,000. Finally, Wexford Capital LP purchased a new stake in shares of PagSeguro Digital during the fourth quarter worth about $90,000. 45.88% of the stock is 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.