PagSeguro Digital (NYSE:PAGS) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

PagSeguro Digital (NYSE:PAGS) released its quarterly earnings results on Tuesday. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01, FiscalAI reports. PagSeguro Digital had a return on equity of 16.44% and a net margin of 10.40%.The business had revenue of $942.97 million during the quarter, compared to analysts’ expectations of $1 billion.

PagSeguro Digital Stock Performance

NYSE:PAGS traded down $0.20 during trading hours on Tuesday, hitting $8.88. The company’s stock had a trading volume of 3,551,337 shares, compared to its average volume of 3,651,592. The business’s 50-day moving average is $9.10 and its two-hundred day moving average is $9.88. The company has a market capitalization of $2.49 billion, a PE ratio of 6.53, a PEG ratio of 0.45 and a beta of 1.31. PagSeguro Digital has a 52-week low of $8.26 and a 52-week high of $12.32.

Insider Activity at PagSeguro Digital

In other PagSeguro Digital news, insider Da Silva Ricardo Dutra sold 25,000 shares of the business’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $9.24, for a total transaction of $231,000.00. Following the sale, the insider directly owned 25,000 shares in the company, valued at approximately $231,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Trading of PagSeguro Digital

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Maple Rock Capital Partners Inc. acquired a new position in PagSeguro Digital during the third quarter worth about $28,011,000. Jacobs Levy Equity Management Inc. increased its holdings in PagSeguro Digital by 5,302.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 2,156,848 shares of the company’s stock valued at $21,568,000 after buying an additional 2,116,925 shares in the last quarter. Orbis Allan Gray Ltd acquired a new stake in shares of PagSeguro Digital during the 2nd quarter valued at approximately $20,106,000. Jain Global LLC acquired a new stake in shares of PagSeguro Digital during the 4th quarter valued at approximately $17,424,000. Finally, HRT Financial LP boosted its stake in shares of PagSeguro Digital by 288.8% during the 2nd quarter. HRT Financial LP now owns 1,631,649 shares of the company’s stock worth $15,729,000 after acquiring an additional 1,212,025 shares in the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

Wall Street Analyst Weigh In

PAGS has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating on the stock in a research note on Monday, April 13th. Weiss Ratings cut shares of PagSeguro Digital from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, June 23rd. Bank of America downgraded shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a report on Wednesday, July 15th. Wall Street Zen lowered shares of PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, UBS Group cut their price target on shares of PagSeguro Digital from $14.00 to $12.50 and set a “buy” rating for the company in a report on Friday, July 17th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.98.

About PagSeguro Digital

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.