PagSeguro Digital (NYSE:PAGS) is seeing a big increase in volume

Shares of PagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report ) saw an increase in trading volume on Friday. 3,760,443 shares traded hands during trading, a 19% increase from the previous session’s volume of 3,170,857 shares. Shares last traded at $11.63 and previously closed at $11.73.

The Wall Street analyst weighs in

PAGS has been the subject of several recent research reports. UBS Group decreased their price objective on PagSeguro Digital from $16.50 to $15.50 and set a “buy” rating for the company in a research note on Monday, July 8th. JPMorgan Chase & Co. boosted their target price on shares of PagSeguro Digital from $14.00 to $15.00 and gave the company a “neutral” rating in a research report on Monday, June 17th. Goldman Sachs Group upgraded shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Wednesday, June 26th. Finally, Barclays lowered their price objective on PagSeguro Digital from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Thursday. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. PagSeguro Digital currently has a consensus rating of “Moderate Buy” and an average target price of $16.19, based on data from MarketBeat.

See our latest report on PAGS

PagSeguro Digital transactions increased by 0.1%

The firm has a 50-day moving average of $12.48 and a 200-day moving average of $12.75. The company has a market cap of $3.87 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 0.68 and a beta of 1.92.

PagSeguro Digital (NYSE:PAGS – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, August 20th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $874.38 million for the quarter, compared to analyst estimates of $816.34 million. PagSeguro Digital had a return on equity of 14.51% and a net margin of 10.70%. In the same period last year, the firm earned $0.26 per share. On average, equities analysts anticipate that PagSeguro Digital Ltd. will post 1.27 EPS for the current year.

Institutional investors intervene on PagSeguro Digital

Several hedge funds and other institutional investors have recently bought and sold shares of PAGS. Headlands Technologies LLC bought a new position in shares of PagSeguro Digital in the first quarter worth approximately $30,000. YD More Investments Ltd boosted its stake in PagSeguro Digital by 82.5% during the 2nd quarter. YD More Investments Ltd now owns 3,983 shares of the company’s stock worth $47,000 after buying an additional 1,800 shares during that period. Family Firm Inc. bought a new position in PagSeguro Digital in the second quarter valued at approximately $50,000. Covestor Ltd raised its stake in PagSeguro Digital by 11,990.2% in the first quarter. Covestor Ltd now owns 4,957 shares of the company’s stock valued at $71,000 after acquiring an additional 4,916 shares during the period. Finally, Principal Securities Inc. bought a new stake in shares of PagSeguro Digital during the fourth quarter valued at approximately $69,000. 45.88% of shares are held by institutional investors.

About PagSeguro Digital

(Get a free report)

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, sole proprietors, micro-merchants and small and medium-sized companies in Brazil and internationally. The company’s products and services include PagSeguro Ecosystem, a digital ecosystem that works as a closed loop where its customers can meet their primary financial needs on a day-to-day basis, including receiving and spending funds and managing and growing their businesses; PagBank digital account, which offers payment and banking services through the PagBank mobile application, as well as centralizes various payment options, functionalities, services and withdrawal options in a single ecosystem; and PlugPag, a tool for mid-sized and larger retailers that allows them to connect their point-of-sale (POS) device directly to their enterprise resource planning software or sales automation system via Bluetooth.

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