PagSeguro Digital Sees Unusually High Options Volume (NYSE:PAGS)

PagSeguro Digital Ltd. (NYSE:PAGSGet Rating) was the target of some unusual options trading on Wednesday. Stock investors acquired 5,834 call options on the company. This is an increase of 146% compared to the average volume of 2,369 call options.

PagSeguro Digital Trading Down 14.6 %

PAGS opened at $10.26 on Thursday. The stock has a market cap of $3.38 billion, a PE ratio of 13.32, a P/E/G ratio of 0.82 and a beta of 1.53. PagSeguro Digital has a 1 year low of $9.45 and a 1 year high of $29.28. The stock’s 50 day simple moving average is $13.76 and its 200-day simple moving average is $13.28.

PagSeguro Digital (NYSE:PAGSGet Rating) last announced its quarterly earnings results on Thursday, August 25th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.22 by $0.25. The business had revenue of $794.63 million for the quarter, compared to analyst estimates of $731.04 million. PagSeguro Digital had a return on equity of 18.53% and a net margin of 10.03%. During the same quarter in the previous year, the firm earned $0.20 EPS. Equities analysts forecast that PagSeguro Digital will post 0.9 earnings per share for the current fiscal year.

Institutional Trading of PagSeguro Digital

Institutional investors have recently bought and sold shares of the stock. Capital World Investors boosted its stake in PagSeguro Digital by 15.1% in the first quarter. Capital World Investors now owns 20,291,708 shares of the company’s stock worth $406,848,000 after purchasing an additional 2,666,516 shares in the last quarter. FMR LLC boosted its stake in PagSeguro Digital by 55.9% in the second quarter. FMR LLC now owns 17,721,115 shares of the company’s stock worth $181,465,000 after purchasing an additional 6,352,682 shares in the last quarter. Sylebra Capital Ltd boosted its stake in PagSeguro Digital by 5.7% in the third quarter. Sylebra Capital Ltd now owns 10,606,667 shares of the company’s stock worth $140,326,000 after purchasing an additional 573,785 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in PagSeguro Digital by 41.3% in the third quarter. Nuveen Asset Management LLC now owns 9,118,704 shares of the company’s stock worth $120,640,000 after purchasing an additional 2,667,094 shares in the last quarter. Finally, Tekne Capital Management LLC boosted its stake in PagSeguro Digital by 9.7% in the third quarter. Tekne Capital Management LLC now owns 7,955,011 shares of the company’s stock worth $105,245,000 after purchasing an additional 702,453 shares in the last quarter. Institutional investors and hedge funds own 47.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. The Goldman Sachs Group raised their price objective on PagSeguro Digital from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Tuesday, September 6th. Evercore ISI cut their price objective on PagSeguro Digital from $16.00 to $13.00 in a research note on Wednesday. Deutsche Bank Aktiengesellschaft dropped their price target on PagSeguro Digital from $25.00 to $20.00 in a research report on Monday. Cantor Fitzgerald dropped their price target on PagSeguro Digital from $25.00 to $20.00 in a research report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on PagSeguro Digital from $14.00 to $16.00 and gave the stock an “overweight” rating in a research report on Monday, September 12th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, PagSeguro Digital presently has an average rating of “Moderate Buy” and an average target price of $22.25.

PagSeguro Digital Company Profile

(Get Rating)

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.

Featured Stories

Receive News & Ratings for PagSeguro Digital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PagSeguro Digital and related companies with MarketBeat.com's FREE daily email newsletter.