Insider Selling: PagSeguro Digital (NYSE:PAGS) Insider Sells $231,000.00 in Stock

PagSeguro Digital Ltd. (NYSE:PAGS) insider Da Silva Ricardo Dutra sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $9.24, for a total transaction of $231,000.00. Following the completion of the transaction, the insider owned 25,000 shares in the company, valued at $231,000. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

PagSeguro Digital Stock Up 3.2%

Shares of NYSE PAGS opened at $9.85 on Friday. The firm’s fifty day moving average is $9.09 and its 200 day moving average is $9.92. PagSeguro Digital Ltd. has a 52 week low of $7.74 and a 52 week high of $12.32. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 7.24, a PEG ratio of 0.47 and a beta of 1.32.

PagSeguro Digital (NYSE:PAGS) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.01). The firm had revenue of $642.01 million for the quarter, compared to analysts’ expectations of $952.64 million. PagSeguro Digital had a net margin of 10.40% and a return on equity of 16.44%. Equities research analysts anticipate that PagSeguro Digital Ltd. will post 1.69 earnings per share for the current year.

Institutional Trading of PagSeguro Digital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Intech Investment Management LLC boosted its position in PagSeguro Digital by 29.9% during the 1st quarter. Intech Investment Management LLC now owns 150,945 shares of the company’s stock valued at $1,152,000 after acquiring an additional 34,787 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of PagSeguro Digital by 41.9% in the 2nd quarter. Hsbc Holdings PLC now owns 44,955 shares of the company’s stock worth $433,000 after acquiring an additional 13,279 shares in the last quarter. Norges Bank bought a new position in shares of PagSeguro Digital in the 2nd quarter worth approximately $529,000. First Trust Advisors LP lifted its stake in shares of PagSeguro Digital by 9.7% in the 2nd quarter. First Trust Advisors LP now owns 23,684 shares of the company’s stock valued at $228,000 after purchasing an additional 2,098 shares during the period. Finally, Amundi lifted its stake in shares of PagSeguro Digital by 48.7% in the 2nd quarter. Amundi now owns 25,946 shares of the company’s stock valued at $244,000 after purchasing an additional 8,500 shares during the period. 45.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PAGS. Bank of America cut PagSeguro Digital from a “buy” rating to a “neutral” rating and set a $10.00 target price on the stock. in a research note on Wednesday, July 15th. JPMorgan Chase & Co. dropped their price objective on PagSeguro Digital from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Monday, April 13th. Jefferies Financial Group assumed coverage on PagSeguro Digital in a research report on Thursday, July 23rd. They issued a “hold” rating and a $10.40 price objective on the stock. Autonomous Res cut PagSeguro Digital from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen cut PagSeguro Digital from a “buy” rating to a “hold” rating in a research note on Saturday, May 16th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, PagSeguro Digital currently has a consensus rating of “Hold” and an average target price of $10.98.

PagSeguro Digital Company Profile

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.