PagSeguro Digital Ltd (NYSE:PAGS) saw a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 14,822,488 shares, a decrease of 25.8% from the January 31st total of 19,970,910 shares. Approximately 9.2% of the shares of the stock are sold short. Based on an average daily volume of 2,133,754 shares, the short-interest ratio is currently 6.9 days.
PagSeguro Digital stock opened at $27.60 on Thursday. The stock has a market capitalization of $3.22 billion and a P/E ratio of 31.36. PagSeguro Digital has a 12-month low of $17.02 and a 12-month high of $39.97.
Several analysts have recently commented on PAGS shares. Citigroup upgraded PagSeguro Digital from a “sell” rating to a “neutral” rating in a report on Tuesday, November 13th. ValuEngine cut PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Zacks Investment Research cut PagSeguro Digital from a “buy” rating to a “hold” rating in a report on Tuesday, November 27th. KeyCorp decreased their price target on PagSeguro Digital from $42.00 to $35.00 and set an “overweight” rating on the stock in a report on Friday, November 30th. Finally, UBS Group upgraded PagSeguro Digital from an “underperform” rating to a “neutral” rating in a report on Friday, December 7th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. PagSeguro Digital presently has a consensus rating of “Hold” and a consensus target price of $32.33.
Institutional investors have recently bought and sold shares of the stock. Intellectus Partners LLC boosted its holdings in PagSeguro Digital by 72.6% in the fourth quarter. Intellectus Partners LLC now owns 5,350 shares of the company’s stock valued at $100,000 after acquiring an additional 2,250 shares during the last quarter. GSA Capital Partners LLP bought a new position in PagSeguro Digital during the fourth quarter worth about $206,000. LPL Financial LLC bought a new position in PagSeguro Digital during the fourth quarter worth about $224,000. Bank of New York Mellon Corp bought a new position in PagSeguro Digital during the fourth quarter worth about $262,000. Finally, Albert D Mason Inc. bought a new position in PagSeguro Digital during the fourth quarter worth about $297,000.
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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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