PagSeguro Digital (NYSE:PAGS) Sees Unusually-High Trading Volume

PagSeguro Digital Ltd. (NYSE:PAGS) shares saw unusually-high trading volume on Thursday . Approximately 4,051,478 shares changed hands during trading, an increase of 34% from the previous session’s volume of 3,024,618 shares.The stock last traded at $11.69 and had previously closed at $11.67.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Evercore ISI upgraded shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $12.00 to $18.00 in a research report on Tuesday, March 26th. Barclays raised their price target on PagSeguro Digital from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Monday, March 4th. New Street Research upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and lifted their price target for the company from $15.00 to $18.00 in a research note on Monday, March 18th. Citigroup increased their price objective on PagSeguro Digital from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Finally, The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $7.40 to $13.80 in a research report on Monday, January 22nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.09.

PagSeguro Digital Stock Down 1.6 %

The company has a market cap of $3.78 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 0.64 and a beta of 1.78. The company has a fifty day simple moving average of $13.42 and a two-hundred day simple moving average of $11.40.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $877.60 million for the quarter, compared to analysts’ expectations of $786.91 million. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. On average, research analysts predict that PagSeguro Digital Ltd. will post 1.3 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. grew its holdings in PagSeguro Digital by 672.4% during the 2nd quarter. BlackRock Inc. now owns 28,839,358 shares of the company’s stock valued at $272,244,000 after buying an additional 25,105,756 shares during the last quarter. Capital World Investors lifted its position in shares of PagSeguro Digital by 15.1% in the first quarter. Capital World Investors now owns 20,291,708 shares of the company’s stock valued at $406,848,000 after acquiring an additional 2,666,516 shares in the last quarter. Sylebra Capital Ltd boosted its stake in shares of PagSeguro Digital by 3.5% during the first quarter. Sylebra Capital Ltd now owns 13,295,793 shares of the company’s stock valued at $113,945,000 after acquiring an additional 443,953 shares during the last quarter. Point72 Asset Management L.P. increased its position in PagSeguro Digital by 9.0% during the 4th quarter. Point72 Asset Management L.P. now owns 10,924,410 shares of the company’s stock worth $136,227,000 after purchasing an additional 906,510 shares in the last quarter. Finally, Sylebra Capital LLC raised its stake in PagSeguro Digital by 2.5% in the 4th quarter. Sylebra Capital LLC now owns 9,529,014 shares of the company’s stock valued at $118,827,000 after purchasing an additional 234,189 shares during the last quarter. 45.88% of the stock is owned by hedge funds and other institutional investors.

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.