PagSeguro Digital (NYSE:PAGS) Sees Large Volume Increase – What’s Next?

PagSeguro Digital Ltd. (NYSE:PAGS) shares saw unusually-high trading volume on Thursday . Approximately 13,483,767 shares traded hands during trading, an increase of 246% from the previous session’s volume of 3,898,607 shares.The stock last traded at $8.24 and had previously closed at $8.08.

Analysts Set New Price Targets

Several analysts have recently commented on PAGS shares. Cantor Fitzgerald raised PagSeguro Digital to a “strong-buy” rating in a research report on Thursday, October 3rd. Morgan Stanley reaffirmed an “underweight” rating and issued a $6.50 target price (down from $14.00) on shares of PagSeguro Digital in a research note on Thursday, September 5th. Itau BBA Securities cut shares of PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 target price on the stock. in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price objective on shares of PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, June 17th. Finally, UBS Group reduced their target price on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research report on Monday, July 8th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and an average target price of $14.80.

PagSeguro Digital Price Performance

The company has a market capitalization of $2.69 billion, a PE ratio of 6.98, a price-to-earnings-growth ratio of 0.42 and a beta of 1.94. The stock’s 50 day simple moving average is $10.35 and its 200-day simple moving average is $11.75.

PagSeguro Digital (NYSE:PAGS) last announced 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 business had revenue of $874.38 million during the quarter, compared to the consensus estimate of $816.34 million. PagSeguro Digital had a return on equity of 14.97% and a net margin of 10.93%. During the same period in the previous year, the company posted $0.26 earnings per share. On average, equities analysts predict that PagSeguro Digital Ltd. will post 1.19 earnings per share for the current year.

Hedge Funds Weigh In On PagSeguro Digital

Several hedge funds and other institutional investors have recently bought and sold shares of PAGS. Quadrature Capital Ltd bought a new position in shares of PagSeguro Digital in the fourth quarter worth $444,000. Confluence Investment Management LLC bought a new stake in shares of PagSeguro Digital in the 1st quarter worth approximately $149,000. Los Angeles Capital Management LLC lifted its position in shares of PagSeguro Digital by 2.1% in the 1st quarter. Los Angeles Capital Management LLC now owns 108,868 shares of the company’s stock worth $1,555,000 after acquiring an additional 2,223 shares during the period. Perpetual Ltd lifted its position in shares of PagSeguro Digital by 7.1% during the 1st quarter. Perpetual Ltd now owns 77,760 shares of the company’s stock worth $1,110,000 after buying an additional 5,175 shares during the period. Finally, Park Avenue Securities LLC lifted its position in shares of PagSeguro Digital by 235.9% during the 1st quarter. Park Avenue Securities LLC now owns 40,479 shares of the company’s stock worth $578,000 after buying an additional 28,427 shares during the period. 45.88% of the stock is owned by institutional investors and hedge funds.

About PagSeguro Digital

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.