PagSeguro Digital (NYSE:PAGS) Sees Unusually-High Trading Volume

Shares of PagSeguro Digital Ltd. (NYSE:PAGS) saw unusually-strong trading volume on Thursday . Approximately 4,051,478 shares changed hands during trading, an increase of 34% from the previous session’s volume of 3,024,618 shares.The stock last traded at $11.69 and had previously closed at $11.67.

Analyst Upgrades and Downgrades

A number of analysts have commented on PAGS shares. Citigroup boosted their price target on shares of PagSeguro Digital from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Wednesday, March 20th. Evercore ISI upgraded shares of PagSeguro Digital from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $12.00 to $18.00 in a research report on Tuesday, March 26th. New Street Research upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $15.00 to $18.00 in a research report on Monday, March 18th. Cantor Fitzgerald boosted their price target on shares of PagSeguro Digital from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Finally, Barclays boosted their price target on shares of PagSeguro Digital from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Monday, March 4th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $15.09.

PagSeguro Digital Stock Performance

The company’s 50 day moving average price is $13.35 and its 200-day moving average price is $11.42. The company has a market cap of $3.78 billion, a price-to-earnings ratio of 11.15, a PEG ratio of 0.62 and a beta of 1.78.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The company had revenue of $877.60 million for the quarter, compared to analysts’ expectations of $786.91 million. PagSeguro Digital had a net margin of 10.37% and a return on equity of 13.94%. As a group, sell-side analysts forecast that PagSeguro Digital Ltd. will post 1.29 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. AlphaMark Advisors LLC purchased a new position in shares of PagSeguro Digital in the first quarter worth approximately $349,000. Atlas Capital Advisors LLC increased its position in shares of PagSeguro Digital by 602.3% in the first quarter. Atlas Capital Advisors LLC now owns 34,937 shares of the company’s stock worth $499,000 after acquiring an additional 29,962 shares in the last quarter. Counterpoint Mutual Funds LLC increased its position in shares of PagSeguro Digital by 39.9% in the first quarter. Counterpoint Mutual Funds LLC now owns 17,405 shares of the company’s stock worth $249,000 after acquiring an additional 4,964 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of PagSeguro Digital by 235.9% in the first quarter. Park Avenue Securities LLC now owns 40,479 shares of the company’s stock worth $578,000 after acquiring an additional 28,427 shares in the last quarter. Finally, Perpetual Ltd increased its position in shares of PagSeguro Digital by 7.1% in the first quarter. Perpetual Ltd now owns 77,760 shares of the company’s stock worth $1,110,000 after acquiring an additional 5,175 shares in the last quarter. 45.88% of the stock is 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.