PagSeguro Digital (NYSE:PAGS) Stock Price Up 6%

PagSeguro Digital Ltd. (NYSE:PAGS) rose 6% on Friday . The stock traded as high as $12.56 and last traded at $12.53. Approximately 359,774 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 3,171,975 shares. The stock had previously closed at $11.82.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PAGS shares. New Street Research raised PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $15.00 to $18.00 in a research note on Monday, March 18th. The Goldman Sachs Group upgraded PagSeguro Digital from a “sell” rating to a “neutral” rating and increased their price objective for the company from $7.40 to $13.80 in a report on Monday, January 22nd. Evercore ISI upgraded PagSeguro Digital from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $12.00 to $18.00 in a report on Tuesday, March 26th. Cantor Fitzgerald increased their price objective on PagSeguro Digital from $14.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Finally, Citigroup increased their price objective on PagSeguro Digital from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.09.

PagSeguro Digital Stock Performance

The stock has a 50 day simple moving average of $13.24 and a two-hundred day simple moving average of $11.51. The firm has a market cap of $4.18 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 0.63 and a beta of 1.78.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. PagSeguro Digital had a return on equity of 13.94% and a net margin of 10.37%. The firm had revenue of $877.60 million for the quarter, compared to analysts’ expectations of $786.91 million. Equities research analysts forecast that PagSeguro Digital Ltd. will post 1.29 earnings per share for the current year.

Institutional Investors Weigh In On PagSeguro Digital

Institutional investors have recently bought and sold shares of the company. Sylebra Capital LLC acquired a new position in shares of PagSeguro Digital during the 3rd quarter worth approximately $80,028,000. Norges Bank acquired a new position in shares of PagSeguro Digital during the 4th quarter worth approximately $54,522,000. SPX Gestao de Recursos Ltda boosted its holdings in shares of PagSeguro Digital by 247.4% during the 4th quarter. SPX Gestao de Recursos Ltda now owns 3,759,906 shares of the company’s stock worth $46,886,000 after purchasing an additional 2,677,659 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of PagSeguro Digital by 1,238.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 999,700 shares of the company’s stock worth $8,607,000 after purchasing an additional 925,000 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in shares of PagSeguro Digital by 9.0% during the 4th quarter. Point72 Asset Management L.P. now owns 10,924,410 shares of the company’s stock worth $136,227,000 after purchasing an additional 906,510 shares during the last quarter. 45.88% of the stock is currently 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.