PagSeguro Digital (NYSE:PAGS) Shares Gap Up to $10.73

PagSeguro Digital Ltd. (NYSE:PAGS)’s share price gapped up before the market opened on Friday . The stock had previously closed at $10.73, but opened at $11.05. PagSeguro Digital shares last traded at $11.27, with a volume of 974,666 shares trading hands.

Wall Street Analysts Forecast Growth

PAGS has been the subject of a number of recent analyst reports. Barclays lowered their price target on PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, August 22nd. JPMorgan Chase & Co. increased their target price on shares of PagSeguro Digital from $14.00 to $15.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. UBS Group decreased their price target on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a report on Monday, July 8th. Finally, The Goldman Sachs Group raised PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, June 26th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $16.19.

PagSeguro Digital Trading Up 3.1 %

The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 9.67, a P/E/G ratio of 0.68 and a beta of 1.92. The company’s 50 day moving average is $12.46 and its 200-day moving average is $12.69.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $874.38 million during the quarter, compared to analysts’ expectations of $816.34 million. PagSeguro Digital had a net margin of 10.70% and a return on equity of 14.51%. During the same period in the previous year, the business posted $0.26 earnings per share. Research analysts expect that PagSeguro Digital Ltd. will post 1.27 EPS for the current year.

Institutional Investors Weigh In On PagSeguro Digital

A number of hedge funds and other institutional investors have recently modified their holdings of PAGS. Point72 Asset Management L.P. grew its stake in PagSeguro Digital by 9.0% during the fourth quarter. Point72 Asset Management L.P. now owns 10,924,410 shares of the company’s stock worth $136,227,000 after buying an additional 906,510 shares in the last quarter. Sylebra Capital LLC raised its position in PagSeguro Digital by 0.7% in the first quarter. Sylebra Capital LLC now owns 9,593,685 shares of the company’s stock valued at $136,998,000 after purchasing an additional 64,671 shares during the last quarter. Marshall Wace LLP grew its holdings in PagSeguro Digital by 55.5% during the 2nd quarter. Marshall Wace LLP now owns 6,994,870 shares of the company’s stock worth $81,770,000 after acquiring an additional 2,497,968 shares during the last quarter. Norges Bank bought a new stake in shares of PagSeguro Digital in the fourth quarter worth $54,522,000. Finally, Polunin Capital Partners Ltd increased its stake in shares of PagSeguro Digital by 12.3% in the first quarter. Polunin Capital Partners Ltd now owns 4,088,380 shares of the company’s stock valued at $58,382,000 after buying an additional 447,411 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.