PagSeguro Digital (NYSE:PAGS) Stock Price Up 7.2% – Here’s Why

PagSeguro Digital Ltd. (NYSE:PAGS)’s share price traded up 7.2% on Thursday . The stock 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 Ratings Changes

PAGS has been the subject of a number of research analyst reports. KeyCorp upgraded PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Susquehanna cut 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 report on Monday, November 18th. Cantor Fitzgerald upgraded shares of PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. The Goldman Sachs Group dropped their price objective on shares of PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Finally, Citigroup reaffirmed a “neutral” rating and issued a $7.00 target price (down previously from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $13.18.

PagSeguro Digital Price Performance

The firm has a market cap of $2.53 billion, a PE ratio of 6.34, a P/E/G ratio of 0.41 and a beta of 1.94. The stock has a 50-day moving average price of $6.85 and a 200 day moving average price of $8.98.

Institutional Trading of PagSeguro Digital

Institutional investors and hedge funds have recently made changes to their positions in the company. Quarry LP increased its position 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 acquiring an additional 3,806 shares in the last quarter. GW Henssler & Associates Ltd. purchased a new position in PagSeguro Digital in the third quarter valued at about $87,000. Point72 Hong Kong Ltd lifted its stake in shares of PagSeguro Digital by 34.6% during the third quarter. Point72 Hong Kong Ltd now owns 10,767 shares of the company’s stock worth $93,000 after purchasing an additional 2,767 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of PagSeguro Digital in the third quarter worth about $98,000. Finally, Gulf International Bank UK Ltd acquired a new stake in shares of PagSeguro Digital in the third quarter valued at about $111,000. 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.