PagSeguro Digital Ltd. (NYSE:PAGS – Get Free Report)’s share price rose 4.6% during trading on Tuesday . The stock traded as high as $7.03 and last traded at $7.02. Approximately 3,024,896 shares traded hands during mid-day trading, a decline of 29% from the average daily volume of 4,235,381 shares. The stock had previously closed at $6.71.
Analysts Set New Price Targets
Several research firms recently issued reports on PAGS. Susquehanna decreased their target price on shares of PagSeguro Digital from $19.00 to $16.00 and set a “positive” rating for the company in a research note on Monday, November 18th. Cantor Fitzgerald raised shares of PagSeguro Digital to a “strong-buy” rating in a research note on Thursday, October 3rd. Itau BBA Securities lowered PagSeguro Digital from an “outperform” rating to a “market perform” rating and set a $12.00 price target for the company. in a research note on Tuesday, October 1st. KeyCorp upgraded PagSeguro Digital to a “hold” rating in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. cut their price objective on PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $14.00.
Get Our Latest Research Report on PagSeguro Digital
PagSeguro Digital Trading Up 0.9 %
Institutional Trading of PagSeguro Digital
A number of hedge funds have recently bought and sold shares of the business. SPX Gestao de Recursos Ltda purchased a new stake in shares of PagSeguro Digital in the third quarter valued at approximately $38,151,000. DGS Capital Management LLC purchased a new stake in PagSeguro Digital in the 3rd quarter valued at $113,000. Tidal Investments LLC purchased a new stake in PagSeguro Digital in the 3rd quarter valued at $339,000. Sanctuary Advisors LLC acquired a new stake in shares of PagSeguro Digital in the 3rd quarter worth $157,000. Finally, Virtu Financial LLC acquired a new position in shares of PagSeguro Digital during the 3rd quarter valued at about $98,000. Institutional investors and hedge funds own 45.88% of the company’s stock.
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 payment and 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.
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