Regentatlantic Capital LLC purchased a new position in shares of PagSeguro Digital Ltd (NYSE:PAGS) during the second quarter, HoldingsChannel reports. The fund purchased 5,240 shares of the company’s stock, valued at approximately $204,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in PagSeguro Digital in the 1st quarter valued at $28,000. Marshall Wace LLP acquired a new stake in PagSeguro Digital in the 1st quarter valued at $60,000. Catamount Wealth Management acquired a new stake in PagSeguro Digital in the 1st quarter valued at $66,000. Tortoise Index Solutions LLC acquired a new stake in PagSeguro Digital in the 1st quarter valued at $71,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in PagSeguro Digital in the 1st quarter valued at $90,000.
Several brokerages have issued reports on PAGS. Goldman Sachs Group began coverage on shares of PagSeguro Digital in a research note on Monday, June 10th. They issued a “buy” rating and a $40.00 price target on the stock. Guggenheim lifted their price target on shares of PagSeguro Digital from $36.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Credit Suisse Group upgraded shares of PagSeguro Digital from an “underperform” rating to a “neutral” rating in a research note on Monday, July 22nd. Evercore ISI began coverage on shares of PagSeguro Digital in a research note on Tuesday, July 16th. They issued an “outperform” rating on the stock. Finally, KeyCorp lifted their price target on shares of PagSeguro Digital from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $35.89.
PAGS traded down $2.56 on Monday, reaching $43.08. The company had a trading volume of 65,355 shares, compared to its average volume of 2,685,527. PagSeguro Digital Ltd has a fifty-two week low of $17.02 and a fifty-two week high of $48.88. The firm has a market cap of $14.36 billion, a PE ratio of 49.19, a P/E/G ratio of 1.47 and a beta of 0.69. The firm’s fifty day simple moving average is $41.73.
PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Tuesday, May 14th. The company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.76. PagSeguro Digital had a net margin of 23.00% and a return on equity of 18.15%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.26 billion. The business’s revenue for the quarter was up 34.8% on a year-over-year basis. Sell-side analysts forecast that PagSeguro Digital Ltd will post 1.17 earnings per share for the current year.
PagSeguro Digital Profile
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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