PagSeguro Digital (NYSE:PAGS) Stock Price Up 7.2% – What’s Next?

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) traded up 7.2% during trading on Thursday . The stock traded as high as $7.58 and last traded at $7.57. 544,820 shares were traded during trading, a decline of 87% from the average session volume of 4,212,027 shares. The stock had previously closed at $7.06.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PAGS shares. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Susquehanna reduced their price objective on PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating on the stock in a research note on Monday, November 18th. Bank of America reissued a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. The Goldman Sachs Group reduced their price target on PagSeguro Digital from $14.00 to $12.00 and set a “buy” rating on the stock in a research report on Friday, November 15th. Finally, Barclays lowered their price objective on PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a research report on Tuesday, October 15th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, PagSeguro Digital currently has an average rating of “Moderate Buy” and an average price target of $13.18.

PagSeguro Digital Price Performance

The company has a market cap of $2.46 billion, a PE ratio of 6.16, a price-to-earnings-growth ratio of 0.44 and a beta of 1.94. The business has a 50 day moving average of $6.84 and a 200 day moving average of $8.93.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. lifted its position in PagSeguro Digital by 16.0% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,353,087 shares of the company’s stock valued at $39,770,000 after acquiring an additional 874,777 shares during the period. State Street Corp lifted its holdings in shares of PagSeguro Digital by 50.8% during the third quarter. State Street Corp now owns 5,908,054 shares of the company’s stock valued at $50,868,000 after purchasing an additional 1,990,849 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new position in shares of PagSeguro Digital during the third quarter valued at approximately $38,151,000. Geode Capital Management LLC boosted its position in shares of PagSeguro Digital by 49.1% in the 3rd quarter. Geode Capital Management LLC now owns 3,379,809 shares of the company’s stock worth $29,014,000 after purchasing an additional 1,113,103 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of PagSeguro Digital by 101.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,985,074 shares of the company’s stock worth $17,091,000 after buying an additional 999,237 shares during the last quarter. Hedge funds and other 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.