PagSeguro Digital Sees Unusually Large Options Volume (NYSE:PAGS)

PagSeguro Digital Ltd. (NYSE:PAGS – Get Rating) was the recipient of unusually large options trading activity on Friday. Traders bought 31,034 call options on the stock. This represents an increase of approximately 1,747% compared to the average daily volume of 1,680 call options.

PagSeguro Digital Price Performance

PAGS stock opened at $8.92 on Friday. PagSeguro Digital has a 12 month low of $7.51 and a 12 month high of $22.28. The firm has a market cap of $2.94 billion, a PE ratio of 11.15, a P/E/G ratio of 1.00 and a beta of 1.57. The firm has a 50 day simple moving average of $9.16 and a 200 day simple moving average of $11.62.

Institutional Trading of PagSeguro Digital

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAGS. Boit C F David acquired a new stake in PagSeguro Digital during the third quarter valued at approximately $26,000. Atlas Capital Advisors LLC acquired a new stake in PagSeguro Digital during the third quarter valued at approximately $28,000. Caption Management LLC acquired a new stake in PagSeguro Digital during the second quarter valued at approximately $36,000. Turim 21 Investimentos Ltda. purchased a new stake in shares of PagSeguro Digital in the 3rd quarter valued at approximately $55,000. Finally, Ronald Blue Trust Inc. purchased a new stake in shares of PagSeguro Digital in the 2nd quarter valued at approximately $59,000. 52.50% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on PAGS. Wells Fargo & Company upped their target price on shares of PagSeguro Digital from $9.50 to $10.00 and gave the stock an “equal weight” rating in a research report on Friday. The Goldman Sachs Group decreased their target price on shares of PagSeguro Digital from $9.00 to $8.00 and set a “sell” rating for the company in a research report on Friday, January 20th. JPMorgan Chase & Co. cut shares of PagSeguro Digital from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $16.00 to $12.00 in a research report on Tuesday, November 29th. Citigroup cut shares of PagSeguro Digital from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $17.00 to $12.00 in a research report on Monday, February 6th. Finally, Cantor Fitzgerald decreased their price objective on shares of PagSeguro Digital from $20.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, December 23rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, PagSeguro Digital currently has an average rating of “Moderate Buy” and an average price target of $16.07.

About PagSeguro Digital

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PagSeguro Digital Ltd. is engaged in the provision of financial technology solutions focused on consumers, individual entrepreneurs, micro-merchants, small companies and medium-sized companies in Brazil. Its business model covers the following pillars: Multiple digital payment solutions; In-person payments via POS devices that sell to merchants; Free digital accounts; Issuer of prepaid cards to clients for spending or withdrawing account balances, and Operating as an acquirer.