PagSeguro Digital Ltd (NYSE:PAGS) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 17,660,000 shares, an increase of 8.7% from the January 15th total of 16,250,000 shares. Based on an average daily volume of 2,940,000 shares, the short-interest ratio is presently 6.0 days. Currently, 10.9% of the company’s shares are short sold.
Several hedge funds and other institutional investors have recently bought and sold shares of PAGS. Point Break Capital Management LLC acquired a new stake in PagSeguro Digital during the fourth quarter worth approximately $10,248,000. Wildcat Capital Management LLC raised its holdings in PagSeguro Digital by 177.0% during the fourth quarter. Wildcat Capital Management LLC now owns 254,686 shares of the company’s stock worth $8,700,000 after purchasing an additional 162,736 shares in the last quarter. Castleark Management LLC raised its holdings in PagSeguro Digital by 53.4% during the fourth quarter. Castleark Management LLC now owns 24,510 shares of the company’s stock worth $837,000 after purchasing an additional 8,530 shares in the last quarter. Samlyn Capital LLC raised its holdings in PagSeguro Digital by 92.0% during the fourth quarter. Samlyn Capital LLC now owns 3,030,748 shares of the company’s stock worth $103,530,000 after purchasing an additional 1,451,865 shares in the last quarter. Finally, Echo Street Capital Management LLC raised its holdings in PagSeguro Digital by 45.3% during the fourth quarter. Echo Street Capital Management LLC now owns 1,965,378 shares of the company’s stock worth $67,137,000 after purchasing an additional 613,047 shares in the last quarter. 50.47% of the stock is owned by institutional investors and hedge funds.
PAGS has been the subject of several research analyst reports. Zacks Investment Research raised shares of PagSeguro Digital from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 30th. Susquehanna Bancshares lowered their target price on shares of PagSeguro Digital from to in a research note on Monday, January 27th. Cantor Fitzgerald lowered their target price on shares of PagSeguro Digital from $56.00 to $46.00 in a research note on Wednesday, November 27th. HSBC raised shares of PagSeguro Digital from a “hold” rating to a “buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. lowered shares of PagSeguro Digital from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $60.00 to $39.00 in a research note on Tuesday, November 26th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. PagSeguro Digital has a consensus rating of “Buy” and a consensus target price of $43.60.
PagSeguro Digital (NYSE:PAGS) last announced its earnings results on Tuesday, November 19th. The company reported $0.30 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.30. PagSeguro Digital had a net margin of 23.77% and a return on equity of 19.33%. The company had revenue of $369.11 million during the quarter, compared to analyst estimates of $362.71 million. As a group, equities analysts expect that PagSeguro Digital will post 1.1 EPS for the current fiscal year.
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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