Investors Sell Shares of PagSeguro Digital (PAGS) on Strength (PAGS)

Investors sold shares of PagSeguro Digital Ltd (NYSE:PAGS) on strength during trading on Friday. $10.86 million flowed into the stock on the tick-up and $23.05 million flowed out of the stock on the tick-down, for a money net flow of $12.19 million out of the stock. Of all companies tracked, PagSeguro Digital had the 26th highest net out-flow for the day. PagSeguro Digital traded up $0.15 for the day and closed at $21.36

Several research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Tuesday. Citigroup raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Tuesday, November 27th. KeyCorp cut their target price on shares of PagSeguro Digital from $42.00 to $35.00 and set an “overweight” rating for the company in a research note on Friday, November 30th. Deutsche Bank cut their target price on shares of PagSeguro Digital from $47.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, August 31st. Finally, ValuEngine raised shares of PagSeguro Digital from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $33.75.

The company has a market cap of $2.67 billion and a P/E ratio of 37.47.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new position in shares of PagSeguro Digital during the 2nd quarter valued at about $191,000. Partner Investment Management L.P. increased its stake in shares of PagSeguro Digital by 76.1% during the 2nd quarter. Partner Investment Management L.P. now owns 8,981 shares of the company’s stock valued at $249,000 after acquiring an additional 3,880 shares during the last quarter. Zions Bancorporation acquired a new position in shares of PagSeguro Digital during the 2nd quarter valued at about $256,000. Essex Investment Management Co. LLC acquired a new position in shares of PagSeguro Digital during the 3rd quarter valued at about $269,000. Finally, First Trust Advisors LP acquired a new position in shares of PagSeguro Digital during the 2nd quarter valued at about $338,000.

COPYRIGHT VIOLATION WARNING: This news story was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.dispatchtribunal.com/2018/12/07/investors-sell-shares-of-pagseguro-digital-pags-on-strength-pags.html.

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.

Featured Article: Return on Equity (ROE)

Receive News & Ratings for PagSeguro Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagSeguro Digital and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply