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.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Thursday, August 30th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The firm had revenue of $279.20 million for the quarter, compared to analyst estimates of $248.46 million. Sell-side analysts forecast that PagSeguro Digital Ltd will post 0.8 EPS for the current fiscal year.

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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