PagSeguro Digital (PAGS) Shares Gap Up to $30.42
PagSeguro Digital Ltd (NYSE:PAGS) gapped up before the market opened on Wednesday . The stock had previously closed at $32.47, but opened at $30.42. PagSeguro Digital shares last traded at $31.07, with a volume of 129318 shares changing hands.
Several brokerages have weighed in on PAGS. Credit Suisse Group reissued an “underperform” rating and set a $34.00 price target on shares of PagSeguro Digital in a research report on Tuesday, June 19th. Itau BBA Securities began coverage on shares of PagSeguro Digital in a research report on Friday, July 27th. They set an “outperform” rating and a $37.00 price target for the company. Deutsche Bank dropped their price target on shares of PagSeguro Digital from $47.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, August 31st. ValuEngine raised shares of PagSeguro Digital from a “hold” rating to a “buy” rating in a research report on Wednesday, October 3rd. Finally, Zacks Investment Research cut shares of PagSeguro Digital from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. PagSeguro Digital currently has an average rating of “Hold” and an average price target of $36.25.
The firm has a market capitalization of $3.41 billion and a P/E ratio of 54.10.
A number of hedge funds and other institutional investors have recently modified their holdings of PAGS. Wells Fargo & Company MN bought a new position in PagSeguro Digital in the 1st quarter worth $449,000. BlackRock Inc. bought a new position in shares of PagSeguro Digital in the 1st quarter worth about $100,456,000. JPMorgan Chase & Co. bought a new position in shares of PagSeguro Digital in the 1st quarter worth about $270,000. California Public Employees Retirement System bought a new position in shares of PagSeguro Digital in the 1st quarter worth about $7,664,000. Finally, Russell Investments Group Ltd. bought a new position in shares of PagSeguro Digital in the 1st quarter worth about $1,789,000.
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.
Further Reading: Investing in Growth Stocks
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.