PagSeguro Digital (PAGS) Shares Gap Down to $28.03

PagSeguro Digital Ltd (NYSE:PAGS)’s share price gapped down prior to trading on Friday . The stock had previously closed at $30.58, but opened at $28.03. PagSeguro Digital shares last traded at $25.30, with a volume of 13048349 shares traded.

Several equities analysts have recently issued reports on PAGS shares. Guggenheim started coverage on PagSeguro Digital in a research report on Wednesday, January 9th. They issued a “neutral” rating and a $21.65 price target for the company. Zacks Investment Research raised PagSeguro Digital from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Wednesday, February 13th. Finally, JPMorgan Chase & Co. raised PagSeguro Digital from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $27.00 to $35.00 in a research report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.46.

The stock has a market capitalization of $3.11 billion, a price-to-earnings ratio of 28.75, a PEG ratio of 0.88 and a beta of 1.18.

PagSeguro Digital (NYSE:PAGS) last issued its earnings results on Thursday, February 21st. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. PagSeguro Digital had a return on equity of 18.34% and a net margin of 20.83%. The business had revenue of $332.88 million during the quarter, compared to analyst estimates of $331.83 million. Sell-side analysts predict that PagSeguro Digital Ltd will post 1.19 EPS for the current year.

Large investors have recently modified their holdings of the business. California Public Employees Retirement System raised its position in PagSeguro Digital by 39.3% in the 4th quarter. California Public Employees Retirement System now owns 217,000 shares of the company’s stock worth $4,064,000 after buying an additional 61,200 shares during the last quarter. Newfoundland Capital Management purchased a new position in PagSeguro Digital in the 4th quarter worth about $5,535,000. Neuberger Berman Group LLC raised its position in PagSeguro Digital by 139.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,042,716 shares of the company’s stock worth $28,852,000 after buying an additional 607,178 shares during the last quarter. Marsico Capital Management LLC raised its position in PagSeguro Digital by 107.2% in the 4th quarter. Marsico Capital Management LLC now owns 55,956 shares of the company’s stock worth $1,048,000 after buying an additional 28,953 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. purchased a new position in PagSeguro Digital in the 1st quarter worth about $14,626,000.

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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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