PagSeguro Digital (NYSE:PAGS) Shares Gap Up to $9.14

Posted by Defense World Staff on Sep 17th, 2023

Shares of PagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $9.14, but opened at $9.39. PagSeguro Digital shares last traded at $9.61, with a volume of 598,453 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PAGS. Barclays decreased their price objective on shares of PagSeguro Digital from $14.00 to $12.00 in a research report on Sunday, August 27th. UBS Group upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $12.00 to $14.00 in a research report on Thursday, August 3rd. JPMorgan Chase & Co. reduced their price target on shares of PagSeguro Digital from $11.50 to $10.00 and set a “neutral” rating on the stock in a research report on Wednesday. New Street Research upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Friday. Finally, Citigroup boosted their price target on shares of PagSeguro Digital from $12.00 to $13.50 in a research report on Monday, May 29th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, PagSeguro Digital currently has a consensus rating of “Hold” and a consensus price target of $12.39.

View Our Latest Research Report on PagSeguro Digital

PagSeguro Digital Stock Down 1.4 %

The firm has a market cap of $2.97 billion, a PE ratio of 9.79, a PEG ratio of 0.89 and a beta of 1.62. The stock’s fifty day simple moving average is $9.60 and its two-hundred day simple moving average is $9.62.

PagSeguro Digital (NYSE:PAGS – Get Free Report) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.01. The business had revenue of $772.83 million for the quarter, compared to analysts’ expectations of $689.40 million. PagSeguro Digital had a net margin of 9.91% and a return on equity of 13.49%. On average, equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PAGS. BlackRock Inc. lifted its stake in shares of PagSeguro Digital by 672.4% in the second quarter. BlackRock Inc. now owns 28,839,358 shares of the company’s stock worth $272,244,000 after buying an additional 25,105,756 shares in the last quarter. Norges Bank bought a new position in PagSeguro Digital during the fourth quarter valued at approximately $70,207,000. State Street Corp lifted its position in PagSeguro Digital by 657.3% during the second quarter. State Street Corp now owns 3,429,461 shares of the company’s stock valued at $32,374,000 after purchasing an additional 2,976,591 shares during the period. Point72 Asset Management L.P. lifted its position in PagSeguro Digital by 44.7% during the fourth quarter. Point72 Asset Management L.P. now owns 8,864,150 shares of the company’s stock valued at $77,473,000 after purchasing an additional 2,739,474 shares during the period. Finally, Capital World Investors lifted its position in PagSeguro Digital by 15.1% during the first quarter. Capital World Investors now owns 20,291,708 shares of the company’s stock valued at $406,848,000 after purchasing an additional 2,666,516 shares during the period. Institutional investors own 55.29% of the company’s stock.

PagSeguro Digital Company Profile

(Get Free Report)

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.