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.
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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.
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