Short Interest in PagSeguro Digital Ltd. (NYSE:PAGS) Decreases By 19.1%

PagSeguro Digital Ltd. (NYSE:PAGS) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 16,630,000 shares, a decline of 19.1% from the February 13th total of 20,560,000 shares. Currently, 5.0% of the company’s shares are sold short. Based on an average daily trading volume, of 4,870,000 shares, the days-to-cover ratio is presently 3.4 days.

Analysts Set New Price Targets

Several research analysts have commented on PAGS shares. Bank of America reaffirmed a “neutral” rating on shares of PagSeguro Digital in a research note on Tuesday, December 10th. Citigroup reaffirmed a “neutral” rating and set a $7.00 price objective (down from $17.00) on shares of PagSeguro Digital in a research note on Thursday, January 16th. Finally, JPMorgan Chase & Co. lowered their target price on shares of PagSeguro Digital from $16.00 to $11.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, PagSeguro Digital presently has a consensus rating of “Moderate Buy” and a consensus target price of $12.33.

PagSeguro Digital Price Performance

PAGS stock opened at $8.54 on Thursday. The business has a 50-day moving average price of $7.41 and a 200 day moving average price of $7.78. The company has a market capitalization of $2.81 billion, a P/E ratio of 7.05, a PEG ratio of 0.51 and a beta of 2.04. PagSeguro Digital has a 1-year low of $6.11 and a 1-year high of $14.82.

PagSeguro Digital (NYSE:PAGS) last released its quarterly earnings data on Friday, February 21st. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $875.27 million during the quarter, compared to the consensus estimate of $872.66 million. PagSeguro Digital had a return on equity of 15.49% and a net margin of 11.12%. On average, analysts anticipate that PagSeguro Digital will post 1.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PagSeguro Digital

Large investors have recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in PagSeguro Digital by 1,306.5% in the fourth quarter. Signaturefd LLC now owns 4,557 shares of the company’s stock worth $29,000 after purchasing an additional 4,233 shares in the last quarter. State of Wyoming increased its holdings in shares of PagSeguro Digital by 32.8% during the fourth quarter. State of Wyoming now owns 6,436 shares of the company’s stock valued at $40,000 after acquiring an additional 1,591 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of PagSeguro Digital during the fourth quarter valued at about $66,000. Raymond James Financial Inc. acquired a new position in shares of PagSeguro Digital during the fourth quarter valued at about $79,000. Finally, Wexford Capital LP acquired a new position in shares of PagSeguro Digital during the fourth quarter valued at about $90,000. 45.88% of the stock is currently owned by institutional investors.

About PagSeguro Digital

PagSeguro Digital Ltd., together with its subsidiaries, provides financial technology solutions and services for consumers, individual entrepreneurs, micro-merchants, and small and medium-sized companies in Brazil and internationally. The company's products and services include PagSeguro Ecosystem, a 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; PagBank digital account, which offers payment and banking services through the PagBank mobile app, as well as centralizes various cash-in options, functionalities, services, and cash-out options in a single ecosystem; and PlugPag, a tool for medium-sized and larger merchants that enables them to connect their point of sale (POS) device directly to their enterprise resource planning software or sales automation system through Bluetooth.