Maxi Investments CY Ltd Invests $1.49 Million in PagSeguro Digital Ltd. (NYSE:PAGS)

Maxi Investments CY Ltd acquired a new stake in PagSeguro Digital Ltd. (NYSE:PAGSFree Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 157,350 shares of the company’s stock, valued at approximately $1,485,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Xponance Inc. bought a new stake in PagSeguro Digital in the 2nd quarter valued at $109,000. Long Focus Capital Management LLC grew its holdings in shares of PagSeguro Digital by 49.1% during the first quarter. Long Focus Capital Management LLC now owns 455,800 shares of the company’s stock worth $3,906,000 after buying an additional 150,000 shares in the last quarter. Metis Global Partners LLC bought a new position in shares of PagSeguro Digital during the first quarter worth about $150,000. Monaco Asset Management SAM acquired a new stake in PagSeguro Digital in the 2nd quarter valued at approximately $708,000. Finally, Intellectus Partners LLC lifted its stake in PagSeguro Digital by 41.3% in the 2nd quarter. Intellectus Partners LLC now owns 102,743 shares of the company’s stock valued at $970,000 after acquiring an additional 30,050 shares in the last quarter. 55.29% of the stock is owned by institutional investors and hedge funds.

PagSeguro Digital Trading Down 1.5 %

PagSeguro Digital stock traded down $0.14 during trading hours on Tuesday, reaching $9.17. 948,021 shares of the stock were exchanged, compared to its average volume of 4,201,757. The stock has a 50 day moving average of $8.13 and a two-hundred day moving average of $9.44. The company has a market cap of $3.02 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 0.92 and a beta of 1.67. PagSeguro Digital Ltd. has a twelve month low of $6.93 and a twelve month high of $13.19.

PagSeguro Digital (NYSE:PAGSGet Free Report) last announced its quarterly earnings data on Thursday, August 24th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.01. PagSeguro Digital had a net margin of 9.91% and a return on equity of 13.49%. The business had revenue of $772.83 million for the quarter, compared to analysts’ expectations of $689.40 million. On average, analysts expect that PagSeguro Digital Ltd. will post 1 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. New Street Research raised shares of PagSeguro Digital from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Friday, September 15th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $14.00 price target on shares of PagSeguro Digital in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on shares of PagSeguro Digital from $11.50 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, September 13th. Barclays lowered their target price on PagSeguro Digital from $14.00 to $12.00 in a research report on Sunday, August 27th. Finally, The Goldman Sachs Group reduced their price target on PagSeguro Digital from $8.00 to $7.00 and set a “sell” rating for the company in a research report on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, PagSeguro Digital presently has an average rating of “Hold” and a consensus price target of $12.32.

View Our Latest Analysis on PagSeguro Digital

PagSeguro Digital Profile

(Free Report)

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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Institutional Ownership by Quarter for PagSeguro Digital (NYSE:PAGS)

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