PagSeguro Digital Ltd (NYSE:PAGS) Short Interest Up 21.4% in April

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.

Large investors have recently made changes to their positions in the stock. California Public Employees Retirement System grew its stake in PagSeguro Digital by 39.3% in the fourth quarter. California Public Employees Retirement System now owns 217,000 shares of the company’s stock worth $4,064,000 after purchasing an additional 61,200 shares in the last quarter. Newfoundland Capital Management bought a new position in PagSeguro Digital in the fourth quarter worth approximately $5,535,000. Verde Servicos Internacionais S.A. bought a new stake in PagSeguro Digital during the 1st quarter valued at $14,626,000. Harel Insurance Investments & Financial Services Ltd. bought a new stake in PagSeguro Digital during the 1st quarter valued at $90,000. Finally, Neuberger Berman Group LLC boosted its position in PagSeguro Digital by 139.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,042,716 shares of the company’s stock valued at $28,852,000 after acquiring an additional 607,178 shares in the last quarter.

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.

COPYRIGHT VIOLATION WARNING: “PagSeguro Digital Ltd (NYSE:PAGS) Short Interest Up 21.4% in April” was published by Rockland Register and is owned by of Rockland Register. If you are reading this story on another site, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://rocklandregister.com/2019/05/18/short-interest-in-pagseguro-digital-ltd-pags-grows-by-21-4.html.

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.

Read More: What is a Tariff?

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.