PagSeguro Digital (NYSE:PAGS) Shares Up 3.6% – Should You Buy?

PagSeguro Digital Ltd. (NYSE:PAGS) shares shot up 3.6% during trading on Thursday . The company traded as high as $8.39 and last traded at $8.28. 2,486,079 shares were traded during mid-day trading, a decline of 46% from the average session volume of 4,603,083 shares. The stock had previously closed at $7.99.

Wall Street Analyst Weigh In

PAGS has been the topic of several analyst reports. Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a report on Tuesday, December 10th. JPMorgan Chase & Co. dropped their price objective on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Citigroup reiterated a “neutral” rating and issued a $7.00 target price (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $11.63.

PagSeguro Digital Stock Performance

The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 7.02, a PEG ratio of 0.51 and a beta of 1.85. The business’s 50 day moving average is $7.70 and its 200-day moving average is $7.66.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Friday, February 21st. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. The business had revenue of $875.27 million for the quarter, compared to analyst estimates of $872.66 million. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. Sell-side analysts anticipate that PagSeguro Digital Ltd. will post 1.17 EPS for the current fiscal year.

Institutional Investors Weigh In On PagSeguro Digital

Large investors have recently bought and sold shares of the company. Signaturefd LLC lifted its position in shares of PagSeguro Digital by 1,306.5% in the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock valued at $29,000 after acquiring an additional 4,233 shares in the last quarter. State of Wyoming raised its stake in PagSeguro Digital by 32.8% in the 4th quarter. State of Wyoming now owns 6,436 shares of the company’s stock valued at $40,000 after purchasing an additional 1,591 shares during the last quarter. Advisory Services Network LLC purchased a new position in PagSeguro Digital in the 4th quarter valued at $66,000. Raymond James Financial Inc. acquired a new stake in PagSeguro Digital during the 4th quarter worth $79,000. Finally, Wexford Capital LP purchased a new stake in shares of PagSeguro Digital during the fourth quarter worth $90,000. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

PagSeguro Digital Company Profile

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.