PagSeguro Digital (NYSE:PAGS) Shares Gap Up to $39.53

Shares of PagSeguro Digital Ltd (NYSE:PAGS) gapped up prior to trading on Thursday . The stock had previously closed at $38.12, but opened at $39.53. PagSeguro Digital shares last traded at $39.76, with a volume of 7,054,315 shares trading hands.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of PagSeguro Digital from a “sell” rating to a “hold” rating in a research note on Friday, September 13th. Guggenheim increased their price target on shares of PagSeguro Digital from $36.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Cantor Fitzgerald assumed coverage on shares of PagSeguro Digital in a research note on Friday, June 28th. They issued an “overweight” rating and a $41.00 price target for the company. HSBC upgraded shares of PagSeguro Digital from a “reduce” rating to a “hold” rating in a research note on Tuesday, September 17th. Finally, Evercore ISI cut their price target on shares of PagSeguro Digital from $65.00 to $56.00 and set an “outperform” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $42.00.

The business’s 50 day moving average price is $46.86 and its 200-day moving average price is $39.24. The company has a market cap of $15.17 billion, a price-to-earnings ratio of 45.18, a PEG ratio of 1.51 and a beta of 0.57.

PagSeguro Digital (NYSE:PAGS) last posted its earnings results on Thursday, August 15th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $354.49 million during the quarter, compared to analysts’ expectations of $332.31 million. PagSeguro Digital had a net margin of 23.12% and a return on equity of 18.82%. On average, research analysts forecast that PagSeguro Digital Ltd will post 1.16 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of PAGS. Marshall Wace LLP bought a new stake in shares of PagSeguro Digital during the first quarter valued at approximately $60,000. Marshall Wace North America L.P. bought a new stake in shares of PagSeguro Digital during the first quarter valued at approximately $180,000. FMR LLC raised its holdings in shares of PagSeguro Digital by 1,638.1% during the first quarter. FMR LLC now owns 9,907 shares of the company’s stock valued at $296,000 after buying an additional 9,337 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of PagSeguro Digital by 5.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 594,794 shares of the company’s stock valued at $17,755,000 after buying an additional 30,094 shares during the last quarter. Finally, Carroll Financial Associates Inc. bought a new stake in shares of PagSeguro Digital during the second quarter valued at approximately $179,000. Institutional investors own 53.77% of the company’s stock.

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.

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