PagSeguro Digital Target of Unusually Large Options Trading (PAGS)

PagSeguro Digital Ltd (NYSE:PAGS) was the target of unusually large options trading on Thursday. Stock investors purchased 21,410 call options on the company. This is an increase of approximately 1,981% compared to the typical daily volume of 1,029 call options.

Several hedge funds have recently modified their holdings of PAGS. Allianz Asset Management GmbH bought a new stake in shares of PagSeguro Digital in the 3rd quarter worth approximately $463,000. Paloma Partners Management Co purchased a new position in shares of PagSeguro Digital in the 3rd quarter valued at approximately $516,000. Putnam Investments LLC lifted its stake in shares of PagSeguro Digital by 170.2% in the 3rd quarter. Putnam Investments LLC now owns 729,879 shares of the company’s stock valued at $20,196,000 after purchasing an additional 459,776 shares during the period. Neuberger Berman Group LLC lifted its stake in shares of PagSeguro Digital by 139.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 1,042,716 shares of the company’s stock valued at $28,852,000 after purchasing an additional 607,178 shares during the period. Finally, Teachers Advisors LLC lifted its stake in shares of PagSeguro Digital by 22.8% in the 3rd quarter. Teachers Advisors LLC now owns 600,857 shares of the company’s stock valued at $16,626,000 after purchasing an additional 111,400 shares during the period.

PAGS traded up $0.13 on Friday, hitting $27.51. 2,128,387 shares of the company were exchanged, compared to its average volume of 2,101,149. PagSeguro Digital has a 12 month low of $17.02 and a 12 month high of $36.07. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 31.26, a PEG ratio of 0.85 and a beta of 0.94.

PagSeguro Digital (NYSE:PAGS) last issued its quarterly earnings data on Thursday, February 21st. The company reported $0.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.02. The firm had revenue of $332.88 million for the quarter, compared to analyst estimates of $331.83 million. PagSeguro Digital had a return on equity of 18.34% and a net margin of 20.83%. On average, equities research analysts anticipate that PagSeguro Digital will post 1.18 EPS for the current fiscal year.

Several analysts have weighed in on the company. Zacks Investment Research upgraded PagSeguro Digital from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Wednesday, February 13th. HSBC initiated coverage on PagSeguro Digital in a research report on Tuesday. They set a “reduce” rating and a $24.00 price objective on the stock. Finally, JPMorgan Chase & Co. upgraded PagSeguro Digital from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $27.00 to $35.00 in a research report on Wednesday, March 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. PagSeguro Digital has a consensus rating of “Hold” and a consensus target price of $31.52.

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About PagSeguro Digital

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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