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.
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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