PagSeguro Digital (PAGS) Trading Up 9.9%
PagSeguro Digital Ltd (NYSE:PAGS) shares were up 9.9% during mid-day trading on Tuesday . The company traded as high as $30.65 and last traded at $30.42. Approximately 4,963,204 shares traded hands during mid-day trading, an increase of 62% from the average daily volume of 3,062,593 shares. The stock had previously closed at $27.69.
A number of research analysts have recently issued reports on PAGS shares. Credit Suisse Group reissued an “underperform” rating and issued a $34.00 price objective on shares of PagSeguro Digital in a research note on Tuesday, June 19th. Itau BBA Securities started coverage on PagSeguro Digital in a research note on Friday, July 27th. They issued an “outperform” rating and a $37.00 price objective on the stock. Zacks Investment Research downgraded PagSeguro Digital from a “hold” rating to a “sell” rating in a research note on Thursday, August 16th. Deutsche Bank dropped their price objective on PagSeguro Digital from $47.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, August 31st. Finally, ValuEngine raised PagSeguro Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $36.25.
The company has a market cap of $3.41 billion and a PE ratio of 51.14.
Hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC acquired a new position in PagSeguro Digital during the 2nd quarter worth approximately $191,000. JPMorgan Chase & Co. acquired a new position in PagSeguro Digital during the 1st quarter worth approximately $270,000. Hilltop Holdings Inc. acquired a new position in PagSeguro Digital during the 1st quarter worth approximately $283,000. Partner Investment Management L.P. raised its stake in PagSeguro Digital by 76.1% during the 2nd quarter. Partner Investment Management L.P. now owns 8,981 shares of the company’s stock worth $249,000 after buying an additional 3,880 shares during the period. Finally, Zions Bancorporation acquired a new position in PagSeguro Digital during the 2nd quarter worth approximately $256,000.
PagSeguro Digital Company Profile (NYSE:PAGS)
PagSeguro Digital Ltd. provides financial technology solutions and services for micro-merchants, and small and medium-sized businesses in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, an end-to-end 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; and Free PagSeguro digital account, which centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem.
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