Shares of PagSeguro Digital Ltd (NYSE:PAGS) gapped up before the market opened on Thursday . The stock had previously closed at $44.52, but opened at $45.80. PagSeguro Digital shares last traded at $46.52, with a volume of 2,629,379 shares traded.
PAGS has been the subject of a number of analyst reports. Guggenheim boosted their target price on shares of PagSeguro Digital from $36.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. KeyCorp boosted their target price on shares of PagSeguro Digital from $36.00 to $55.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. They noted that the move was a valuation call. Evercore ISI started coverage on shares of PagSeguro Digital in a research note on Tuesday, July 16th. They issued an “outperform” rating for the company. Zacks Investment Research downgraded shares of PagSeguro Digital from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, HSBC started coverage on shares of PagSeguro Digital in a research note on Tuesday, May 7th. They issued a “reduce” rating and a $24.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $39.89.
The company has a market cap of $14.70 billion, a price-to-earnings ratio of 52.86, a P/E/G ratio of 1.45 and a beta of 0.69. The firm’s 50 day simple moving average is $43.98 and its 200-day simple moving average is $32.79.
PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Tuesday, May 14th. The company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.76. PagSeguro Digital had a net margin of 23.00% and a return on equity of 18.15%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. The business’s quarterly revenue was up 34.8% compared to the same quarter last year. On average, equities analysts anticipate that PagSeguro Digital Ltd will post 1.17 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in shares of PagSeguro Digital in the fourth quarter worth $262,000. Legal & General Group Plc grew its holdings in shares of PagSeguro Digital by 7.1% in the fourth quarter. Legal & General Group Plc now owns 48,683 shares of the company’s stock worth $912,000 after acquiring an additional 3,234 shares during the period. Flagship Harbor Advisors LLC bought a new stake in shares of PagSeguro Digital in the first quarter worth $28,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of PagSeguro Digital in the first quarter worth $90,000. Finally, Avalon Advisors LLC bought a new stake in shares of PagSeguro Digital in the first quarter worth $3,490,000.
About PagSeguro Digital (NYSE:PAGS)
PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.
Featured Article: What are different types of coverage ratios?
Receive News & Ratings for PagSeguro Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagSeguro Digital and related companies with MarketBeat.com's FREE daily email newsletter.