PagSeguro Digital (NYSE:PAGS) Shares Gap Down to $11.31

PagSeguro Digital Ltd. (NYSE:PAGS) gapped down before the market opened on Tuesday . The stock had previously closed at $11.31, but opened at $11.05. PagSeguro Digital shares last traded at $11.20, with a volume of 4,940,892 shares.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PAGS. The Goldman Sachs Group upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Wednesday, June 26th. Barclays dropped their price objective on shares of PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, August 22nd. UBS Group reduced their target price on shares of PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a report on Monday, July 8th. Finally, JPMorgan Chase & Co. increased their price target on shares of PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a report on Monday, June 17th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $16.19.

PagSeguro Digital Price Performance

The firm has a market capitalization of $3.54 billion, a P/E ratio of 9.82, a price-to-earnings-growth ratio of 0.68 and a beta of 1.92. The business’s 50-day moving average is $12.47 and its 200 day moving average is $12.70.

PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Tuesday, August 20th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $874.38 million for the quarter, compared to analysts’ expectations of $816.34 million. PagSeguro Digital had a net margin of 10.70% and a return on equity of 14.51%. During the same period last year, the firm earned $0.26 earnings per share. Analysts anticipate that PagSeguro Digital Ltd. will post 1.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PAGS. Headlands Technologies LLC acquired a new stake in shares of PagSeguro Digital in the 1st quarter valued at $30,000. Y.D. More Investments Ltd lifted its position in shares of PagSeguro Digital by 82.5% during the 2nd quarter. Y.D. More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after buying an additional 1,800 shares during the last quarter. Family Firm Inc. acquired a new stake in PagSeguro Digital in the second quarter valued at about $50,000. Principal Securities Inc. bought a new position in PagSeguro Digital in the fourth quarter valued at about $69,000. Finally, Covestor Ltd raised its stake in PagSeguro Digital by 11,990.2% during the first quarter. Covestor Ltd now owns 4,957 shares of the company’s stock worth $71,000 after acquiring an additional 4,916 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

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.