PagSeguro Digital (PAGS) Shares Up 5.1%

PagSeguro Digital Ltd (NYSE:PAGS) shares shot up 5.1% during mid-day trading on Friday . The stock traded as high as $22.75 and last traded at $22.67. 2,772,582 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 2,226,972 shares. The stock had previously closed at $21.57.

Several brokerages have recently issued reports on PAGS. Zacks Investment Research lowered PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Tuesday, December 4th. Citigroup upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, November 27th. KeyCorp cut their price target on PagSeguro Digital from $42.00 to $35.00 and set an “overweight” rating on the stock in a research note on Friday, November 30th. Guggenheim assumed coverage on PagSeguro Digital in a research note on Wednesday, January 9th. They issued a “neutral” rating and a $21.65 price target on the stock. Finally, UBS Group upgraded PagSeguro Digital from an “underperform” rating to a “neutral” rating in a research note on Friday, December 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $32.82.

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The company has a market capitalization of $2.66 billion and a price-to-earnings ratio of 39.77.

PagSeguro Digital (NYSE:PAGS) last posted its quarterly earnings results on Thursday, November 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.04. The company had revenue of $288.75 million during the quarter, compared to analysts’ expectations of $263.24 million. On average, equities analysts expect that PagSeguro Digital Ltd will post 0.85 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. Capital Research Global Investors boosted its stake in PagSeguro Digital by 11,977.6% during the 3rd quarter. Capital Research Global Investors now owns 14,361,261 shares of the company’s stock valued at $397,376,000 after purchasing an additional 14,242,353 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in PagSeguro Digital by 18.1% during the 3rd quarter. Canada Pension Plan Investment Board now owns 7,400,000 shares of the company’s stock valued at $204,758,000 after purchasing an additional 1,135,942 shares during the last quarter. Schroder Investment Management Group boosted its stake in PagSeguro Digital by 35.5% during the 3rd quarter. Schroder Investment Management Group now owns 6,235,129 shares of the company’s stock valued at $172,526,000 after purchasing an additional 1,632,477 shares during the last quarter. Janus Henderson Group PLC boosted its stake in PagSeguro Digital by 264.8% during the 3rd quarter. Janus Henderson Group PLC now owns 4,647,944 shares of the company’s stock valued at $128,609,000 after purchasing an additional 3,373,784 shares during the last quarter. Finally, Sylebra HK Co Ltd boosted its stake in PagSeguro Digital by 9.2% during the 3rd quarter. Sylebra HK Co Ltd now owns 4,639,635 shares of the company’s stock valued at $128,379,000 after purchasing an additional 390,778 shares during the last quarter.

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About PagSeguro Digital (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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