PagSeguro Digital Ltd. (NYSE:PAGS – Get Rating) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 4,870,000 shares, a drop of 30.0% from the November 30th total of 6,960,000 shares. Based on an average trading volume of 4,110,000 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.5% of the shares of the stock are short sold.
PagSeguro Digital Stock Down 1.6 %
Shares of NYSE PAGS opened at $8.35 on Thursday. PagSeguro Digital has a 12 month low of $7.51 and a 12 month high of $28.68. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 0.57 and a beta of 1.44. The business has a fifty day simple moving average of $11.04 and a 200-day simple moving average of $12.40.
PagSeguro Digital (NYSE:PAGS – Get Rating) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02. The company had revenue of $770.41 million for the quarter, compared to analyst estimates of $781.75 million. PagSeguro Digital had a net margin of 9.57% and a return on equity of 18.02%. As a group, sell-side analysts expect that PagSeguro Digital will post 0.89 EPS for the current fiscal year.
Hedge Funds Weigh In On PagSeguro Digital
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of PagSeguro Digital by 10.7% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,798 shares of the company’s stock valued at $111,000 after purchasing an additional 1,045 shares in the last quarter. Advisors Asset Management Inc. raised its position in PagSeguro Digital by 28.0% in the third quarter. Advisors Asset Management Inc. now owns 5,745 shares of the company’s stock worth $76,000 after purchasing an additional 1,256 shares in the last quarter. HighTower Advisors LLC boosted its holdings in PagSeguro Digital by 8.7% during the first quarter. HighTower Advisors LLC now owns 21,809 shares of the company’s stock valued at $436,000 after purchasing an additional 1,748 shares in the last quarter. Sei Investments Co. raised its holdings in shares of PagSeguro Digital by 0.7% in the 1st quarter. Sei Investments Co. now owns 269,645 shares of the company’s stock worth $5,403,000 after buying an additional 1,884 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA lifted its position in shares of PagSeguro Digital by 199.0% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 3,005 shares of the company’s stock worth $31,000 after buying an additional 2,000 shares during the period. 52.50% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on PAGS shares. Wells Fargo & Company dropped their target price on shares of PagSeguro Digital from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Thursday, September 8th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of PagSeguro Digital from $20.00 to $12.00 in a report on Tuesday, December 20th. Morgan Stanley lowered shares of PagSeguro Digital from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $30.00 to $15.00 in a report on Tuesday, December 6th. Cantor Fitzgerald cut their price objective on PagSeguro Digital from $20.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, December 23rd. Finally, The Goldman Sachs Group lowered PagSeguro Digital from a “neutral” rating to a “sell” rating and cut their target price for the stock from $15.00 to $9.00 in a research report on Thursday, December 1st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.19.
PagSeguro Digital Company Profile
PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, 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 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; PagBank digital account, which offers banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.