PagSeguro Digital (PAGS) Trading 9.4% Higher Following Strong Earnings

Shares of PagSeguro Digital Ltd (NYSE:PAGS) traded up 9.4% during mid-day trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $28.36 and last traded at $28.10. 4,784,444 shares traded hands during mid-day trading, an increase of 110% from the average session volume of 2,280,988 shares. The stock had previously closed at $25.69.

The company reported $1.01 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.76. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. PagSeguro Digital had a net margin of 20.83% and a return on equity of 18.34%. The business’s revenue was up 34.8% on a year-over-year basis.

A number of equities research analysts recently commented on the stock. HSBC assumed coverage on shares of PagSeguro Digital in a research report on Tuesday, May 7th. They issued a “reduce” rating and a $24.00 price objective for the company. Zacks Investment Research downgraded shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Friday, February 22nd. JPMorgan Chase & Co. raised shares of PagSeguro Digital from a “neutral” rating to an “overweight” rating and increased their target price for the company from $27.00 to $35.00 in a report on Wednesday, March 27th. Finally, KeyCorp increased their target price on shares of PagSeguro Digital from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. PagSeguro Digital currently has an average rating of “Hold” and an average price target of $31.63.

Institutional investors have recently modified their holdings of the business. California Public Employees Retirement System increased its holdings in PagSeguro Digital by 39.3% in the fourth quarter. California Public Employees Retirement System now owns 217,000 shares of the company’s stock valued at $4,064,000 after buying an additional 61,200 shares in the last quarter. Newfoundland Capital Management purchased a new position in shares of PagSeguro Digital during the 4th quarter worth approximately $5,535,000. Verde Servicos Internacionais S.A. purchased a new position in shares of PagSeguro Digital during the 1st quarter worth approximately $14,626,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of PagSeguro Digital during the 1st quarter worth approximately $90,000. Finally, Neuberger Berman Group LLC increased its stake in shares of PagSeguro Digital by 139.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,042,716 shares of the company’s stock worth $28,852,000 after purchasing an additional 607,178 shares in the last quarter.

The company has a market capitalization of $8.49 billion, a price-to-earnings ratio of 31.93, a P/E/G ratio of 0.80 and a beta of 0.94.

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PagSeguro Digital Company Profile (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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