PagSeguro Digital (NYSE:PAGS) Trading 4.6% Higher – Still a Buy?

PagSeguro Digital Ltd. (NYSE:PAGS)’s share price rose 4.6% during trading on Tuesday . The stock traded as high as $7.03 and last traded at $7.02. Approximately 3,024,896 shares were traded during mid-day trading, a decline of 29% from the average daily volume of 4,235,381 shares. The stock had previously closed at $6.71.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PAGS shares. Barclays cut their target price on shares of PagSeguro Digital from $16.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 15th. Morgan Stanley reaffirmed an “underweight” rating and issued a $6.50 price objective (down previously from $14.00) on shares of PagSeguro Digital in a report on Thursday, September 5th. KeyCorp raised shares of PagSeguro Digital to a “hold” rating in a research note on Friday, November 15th. Bank of America restated a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. reduced their price target on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a report on Monday. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

PagSeguro Digital Stock Performance

The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 5.17, a P/E/G ratio of 0.44 and a beta of 1.92. The business has a 50-day moving average of $7.82 and a 200-day moving average of $10.09.

Institutional Trading of PagSeguro Digital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of PagSeguro Digital in the 3rd quarter valued at $5,716,000. Citigroup Inc. increased its stake in PagSeguro Digital by 587.0% during the third quarter. Citigroup Inc. now owns 1,052,166 shares of the company’s stock worth $9,059,000 after purchasing an additional 899,010 shares during the period. Sumitomo Mitsui Trust Group Inc. purchased a new position in PagSeguro Digital in the 3rd quarter valued at approximately $3,246,000. SPX Gestao de Recursos Ltda acquired a new position in shares of PagSeguro Digital in the third quarter worth $38,151,000. Finally, Principal Financial Group Inc. increased its position in shares of PagSeguro Digital by 23.8% during the third quarter. Principal Financial Group Inc. now owns 403,938 shares of the company’s stock worth $3,478,000 after acquiring an additional 77,543 shares during the period. Hedge funds and other institutional investors own 45.88% of the company’s stock.

About PagSeguro Digital

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.