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.
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.
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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