PagSeguro Digital (PAGS) Shares Gap Up to $21.31
PagSeguro Digital Ltd (NYSE:PAGS)’s share price gapped up before the market opened on Wednesday . The stock had previously closed at $20.79, but opened at $21.31. PagSeguro Digital shares last traded at $21.91, with a volume of 2437082 shares traded.
A number of research firms have recently issued reports on PAGS. Zacks Investment Research downgraded PagSeguro Digital from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. Citigroup raised PagSeguro Digital from a “sell” rating to a “neutral” rating in a research report on Tuesday, November 13th. ValuEngine downgraded PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Tuesday. Itau BBA Securities began coverage on PagSeguro Digital in a research report on Friday, July 27th. They set an “outperform” rating and a $37.00 price target on the stock. Finally, Deutsche Bank dropped their price target on PagSeguro Digital from $47.00 to $40.00 and set a “buy” rating on the stock in a research report on Friday, August 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $35.58.
The stock has a market cap of $2.60 billion and a price-to-earnings ratio of 38.44.
A number of hedge funds have recently modified their holdings of PAGS. Wells Fargo & Company MN bought a new stake in PagSeguro Digital during the first quarter valued at about $449,000. JPMorgan Chase & Co. bought a new stake in PagSeguro Digital during the first quarter valued at about $270,000. Legal & General Group Plc bought a new stake in PagSeguro Digital during the first quarter valued at about $377,000. Royal Bank of Canada bought a new stake in PagSeguro Digital during the first quarter valued at about $469,000. Finally, Fred Alger Management Inc. bought a new stake in PagSeguro Digital during the second quarter valued at about $464,000.
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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