PagSeguro Digital (NYSE:PAGS) Shares Up 6%

PagSeguro Digital Ltd. (NYSE:PAGS) shares shot up 6% during trading on Friday . The stock traded as high as $12.56 and last traded at $12.53. 359,774 shares were traded during mid-day trading, a decline of 89% from the average session volume of 3,171,975 shares. The stock had previously closed at $11.82.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PAGS. Barclays lifted their target price on shares of PagSeguro Digital from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Monday, March 4th. Evercore ISI upgraded shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and lifted their target price for the company from $12.00 to $18.00 in a report on Tuesday, March 26th. Citigroup lifted their target price on shares of PagSeguro Digital from $13.00 to $16.00 and gave the company a “buy” rating in a report on Wednesday, March 20th. New Street Research upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and lifted their target price for the company from $15.00 to $18.00 in a report on Monday, March 18th. Finally, The Goldman Sachs Group upgraded shares of PagSeguro Digital from a “sell” rating to a “neutral” rating and lifted their target price for the company from $7.40 to $13.80 in a report on Monday, January 22nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.09.

PagSeguro Digital Price Performance

The company has a market cap of $4.18 billion, a P/E ratio of 12.31, a P/E/G ratio of 0.63 and a beta of 1.78. The company’s 50-day moving average is $13.23 and its two-hundred day moving average is $11.54.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.04. The company had revenue of $877.60 million during the quarter, compared to the consensus estimate of $786.91 million. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. Equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.29 EPS 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 company. Nisa Investment Advisors LLC grew its position in PagSeguro Digital by 34.9% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,140 shares of the company’s stock worth $64,000 after purchasing an additional 1,330 shares during the period. Allspring Global Investments Holdings LLC grew its position in PagSeguro Digital by 48.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 7,809 shares of the company’s stock worth $67,000 after purchasing an additional 2,560 shares during the period. Canton Hathaway LLC bought a new stake in PagSeguro Digital in the 4th quarter worth approximately $69,000. Principal Securities Inc. bought a new stake in PagSeguro Digital in the 4th quarter worth approximately $69,000. Finally, Neo Ivy Capital Management bought a new stake in PagSeguro Digital in the 3rd quarter worth approximately $100,000. Institutional investors own 45.88% of the company’s stock.

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.