PagSeguro Digital (NYSE:PAGS) Shares Gap Up to $13.92

PagSeguro Digital Ltd. (NYSE:PAGS) shares gapped up before the market opened on Tuesday . The stock had previously closed at $13.92, but opened at $14.39. PagSeguro Digital shares last traded at $14.66, with a volume of 746,643 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Cantor Fitzgerald raised their target price on PagSeguro Digital from $14.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, March 4th. The Goldman Sachs Group upgraded PagSeguro Digital from a “sell” rating to a “neutral” rating and raised their target price for the stock from $7.40 to $13.80 in a report on Monday, January 22nd. Barclays lifted their price objective 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 objective for the company from $15.00 to $18.00 in a report on Monday, March 18th. Finally, Citigroup lifted their price objective on PagSeguro Digital from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.98.

PagSeguro Digital Trading Down 0.7 %

The stock has a market cap of $4.73 billion, a P/E ratio of 13.94, a PEG ratio of 0.79 and a beta of 1.78. The company has a 50 day simple moving average of $13.38 and a 200 day simple moving average of $10.92.

PagSeguro Digital (NYSE:PAGS) last released its earnings results on Wednesday, February 28th. The company reported $0.33 EPS for the quarter, beating the consensus estimate 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 return on equity of 13.94% and a net margin of 10.37%. As a group, sell-side analysts expect that PagSeguro Digital Ltd. will post 1.28 earnings per share for the current year.

Institutional Investors Weigh In On PagSeguro Digital

Institutional investors and hedge funds have recently made changes to their positions in the stock. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of PagSeguro Digital by 1,238.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 999,700 shares of the company’s stock worth $8,607,000 after purchasing an additional 925,000 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in PagSeguro Digital by 8.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,110,575 shares of the company’s stock valued at $9,562,000 after acquiring an additional 87,612 shares during the period. Barclays PLC raised its stake in PagSeguro Digital by 5.6% in the 3rd quarter. Barclays PLC now owns 73,550 shares of the company’s stock valued at $635,000 after acquiring an additional 3,907 shares during the period. Sylebra Capital LLC bought a new stake in PagSeguro Digital in the 3rd quarter valued at $80,028,000. Finally, Prudential PLC raised its stake in PagSeguro Digital by 37.0% in the 3rd quarter. Prudential PLC now owns 57,405 shares of the company’s stock valued at $494,000 after acquiring an additional 15,501 shares during the period. Institutional investors own 45.88% of the company’s stock.

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.