Investors Purchase Large Volume of PagSeguro Digital Put Options (NYSE:PAGS)

PagSeguro Digital Ltd. (NYSE:PAGSGet Free Report) was the target of unusually large options trading activity on Monday. Stock investors bought 2,050 put options on the company. This represents an increase of 32% compared to the typical daily volume of 1,555 put options.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PAGS shares. Weiss Ratings cut PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Wall Street Zen lowered PagSeguro Digital from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Autonomous Res cut PagSeguro Digital from a “hold” rating to a “strong sell” rating in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. dropped their price target on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PagSeguro Digital presently has an average rating of “Hold” and a consensus target price of $12.00.

Check Out Our Latest Report on PagSeguro Digital

Insider Buying and Selling

In other news, Director Alexandre Mr Magnani sold 200,000 shares of the firm’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $11.26, for a total transaction of $2,252,000.00. Following the transaction, the director directly owned 607,390 shares of the company’s stock, valued at approximately $6,839,211.40. This trade represents a 24.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Institutional Investors Weigh In On PagSeguro Digital

Several institutional investors and hedge funds have recently made changes to their positions in PAGS. Confluence Investment Management LLC purchased a new stake in PagSeguro Digital during the 2nd quarter valued at about $125,000. Bank of America Corp DE raised its position in PagSeguro Digital by 15.4% during the first quarter. Bank of America Corp DE now owns 479,554 shares of the company’s stock valued at $4,805,000 after acquiring an additional 63,981 shares in the last quarter. Amundi lifted its stake in shares of PagSeguro Digital by 6.0% in the 1st quarter. Amundi now owns 54,586 shares of the company’s stock valued at $547,000 after purchasing an additional 3,067 shares during the period. Royal Bank of Canada raised its holdings in PagSeguro Digital by 3.7% in the 1st quarter. Royal Bank of Canada now owns 56,092 shares of the company’s stock worth $562,000 after purchasing an additional 1,998 shares during the period. Finally, Quantinno Capital Management LP raised its position in PagSeguro Digital by 25.1% during the first quarter. Quantinno Capital Management LP now owns 103,994 shares of the company’s stock worth $1,042,000 after acquiring an additional 20,893 shares during the period. 45.88% of the stock is currently owned by institutional investors and hedge funds.

PagSeguro Digital Price Performance

NYSE PAGS traded down $0.27 on Monday, hitting $8.86. The stock had a trading volume of 1,410,635 shares, compared to its average volume of 3,810,486. PagSeguro Digital has a 52-week low of $7.74 and a 52-week high of $12.32. The business’s fifty day moving average price is $9.24 and its 200 day moving average price is $9.98. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 6.51, a price-to-earnings-growth ratio of 0.36 and a beta of 1.32.

PagSeguro Digital (NYSE:PAGSGet Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.01). PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. The business had revenue of $642.01 million for the quarter, compared to analyst estimates of $952.64 million. As a group, sell-side analysts anticipate that PagSeguro Digital will post 1.7 EPS for the current year.

PagSeguro Digital Company Profile

(Get Free Report)

PagSeguro Digital Ltd. is a Brazil-based financial technology company that specializes in digital payment solutions for merchants and consumers. Through its online platform and a suite of physical point-of-sale devices, the company enables businesses of all sizes to accept credit and debit cards, process e-commerce transactions, and manage payments via QR codes and digital wallets. In addition to payment acceptance, PagSeguro offers prepaid accounts, funds transfers, and working-capital credit lines designed to support small and medium-sized enterprises.

The company’s product portfolio includes portable card readers, countertop terminals, and mobile point-of-sale devices that connect via Bluetooth or cellular networks.

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