PagSeguro Digital Ltd (NYSE:PAGS) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 19,035,839 shares, a growth of 21.4% from the March 29th total of 15,685,302 shares. Based on an average daily volume of 1,924,860 shares, the days-to-cover ratio is currently 9.9 days. Currently, 11.9% of the company’s stock are short sold.
Shares of NYSE PAGS traded down $0.46 during midday trading on Friday, hitting $29.87. The company’s stock had a trading volume of 3,096,000 shares, compared to its average volume of 2,320,862. PagSeguro Digital has a 12-month low of $17.02 and a 12-month high of $36.07. The company has a market cap of $9.94 billion, a price-to-earnings ratio of 33.94, a PEG ratio of 0.89 and a beta of 0.94.
PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings data on Tuesday, May 14th. The company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.76. PagSeguro Digital had a return on equity of 18.15% and a net margin of 23.00%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.26 billion. The company’s revenue for the quarter was up 34.8% on a year-over-year basis. Research analysts expect that PagSeguro Digital will post 1.17 EPS for the current year.
Several research firms have recently weighed in on PAGS. Guggenheim upgraded PagSeguro Digital from a “neutral” rating to a “buy” rating in a research note on Thursday. KeyCorp upped their price objective on PagSeguro Digital from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Wednesday. HSBC assumed coverage on PagSeguro Digital in a research report on Tuesday, May 7th. They set a “reduce” rating and a $24.00 price objective for the company. JPMorgan Chase & Co. upgraded PagSeguro Digital from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $27.00 to $35.00 in a research report on Wednesday, March 27th. Finally, Zacks Investment Research lowered PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Friday, February 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $31.63.
PagSeguro Digital Company Profile
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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