PagSeguro Digital (NYSE:PAGS) Shares Gap Down – Here’s Why

PagSeguro Digital Ltd. (NYSE:PAGS) shares gapped down before the market opened on Monday . The stock had previously closed at $8.78, but opened at $8.60. PagSeguro Digital shares last traded at $8.57, with a volume of 1,750,434 shares.

Analyst Upgrades and Downgrades

PAGS has been the topic of several recent research reports. Barclays reduced their price target on shares of PagSeguro Digital from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, April 23rd. Citigroup upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating and increased their target price for the company from $7.00 to $10.00 in a report on Tuesday, April 22nd. Finally, Susquehanna cut their price target on PagSeguro Digital from $16.00 to $14.00 and set a “positive” rating for the company in a report on Wednesday, May 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, PagSeguro Digital currently has a consensus rating of “Moderate Buy” and an average target price of $11.63.

PagSeguro Digital Trading Up 0.6%

The firm has a market cap of $2.82 billion, a P/E ratio of 7.08, a P/E/G ratio of 0.51 and a beta of 1.58. The business’s 50-day moving average is $8.96 and its two-hundred day moving average is $7.88.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Wednesday, May 14th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.02. PagSeguro Digital had a net margin of 11.12% and a return on equity of 15.49%. The business had revenue of $857.50 million for the quarter, compared to analysts’ expectations of $914.45 million. On average, analysts anticipate that PagSeguro Digital Ltd. will post 1.17 earnings per share for the current year.

PagSeguro Digital Dividend Announcement

The firm also recently declared a — dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.14 per share. The ex-dividend date was Friday, May 23rd. PagSeguro Digital’s dividend payout ratio (DPR) is 11.48%.

Hedge Funds Weigh In On PagSeguro Digital

Several large investors have recently bought and sold shares of PAGS. PNC Financial Services Group Inc. acquired a new stake in PagSeguro Digital in the first quarter worth approximately $26,000. Signaturefd LLC boosted its stake in PagSeguro Digital by 1,306.5% during the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock valued at $29,000 after buying an additional 4,233 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in PagSeguro Digital by 626.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,143 shares of the company’s stock worth $39,000 after acquiring an additional 4,435 shares during the period. State of Wyoming raised its position in PagSeguro Digital by 32.8% in the fourth quarter. State of Wyoming now owns 6,436 shares of the company’s stock worth $40,000 after acquiring an additional 1,591 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in PagSeguro Digital by 166.9% in the 1st quarter. Harbor Capital Advisors Inc. now owns 6,685 shares of the company’s stock valued at $51,000 after acquiring an additional 4,180 shares during the last quarter. 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.