PagSeguro Digital Ltd (NYSE: PAGS) stock jumped 2.76% on Monday to $9.31 against a previous-day closing price of $9.06. With 5.86 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.24 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $9.35 whereas the lowest price it dropped to was $9.07. The 52-week range on PAGS shows that it touched its highest point at $13.20 and its lowest point at $6.93 during that stretch. It currently has a 1-year price target of $11.38. Beta for the stock currently stands at 1.74.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PAGS was up-trending over the past week, with a rise of 12.99%, but this was up by 23.47% over a month. Three-month performance surged to 4.49% while six-month performance fell -26.40%. The stock lost -19.81% in the past year, while it has gained 6.52% so far this year. A look at the trailing 12-month EPS for PAGS yields 0.95 with Next year EPS estimates of 1.20. For the next quarter, that number is 0.29. This implies an EPS growth rate of 10.57% for this year and 13.80% for next year. EPS is expected to grow by 15.81% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 13.36%.
Float and Shares Shorts:
At present, 331.37 million PAGS shares are outstanding with a float of 203.02 million shares on hand for trading. On Oct 30, 2023, short shares totaled 15.42 million, which was 4.79% higher than short shares on Sep 28, 2023. In addition to Mr. Alexandre Magnani as the firm’s CEO & COO, Mr. Artur Gaulke Schunck serves as its Chief Financial & Investor Relations Officer, Chief Accounting Officer and Director.
Institutional Ownership:
Through their ownership of 86.00% of PAGS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 46.44% of PAGS, in contrast to 44.78% held by mutual funds. As the largest shareholder in PAGS with 12.02% of the stake, Capital Research & Management Co holds 24,493,714 shares worth 24,493,714. A second-largest stockholder of PAGS, Fidelity Management & Research Co, holds 15,736,578 shares, controlling over 7.72% of the firm’s shares. BlackRock Investment Management is the third largest shareholder in PAGS, holding 14,433,466 shares or 7.08% stake. With a 6.49% stake in PAGS, the Fidelity Inv. Trust – Emerging Ma is the largest stakeholder. A total of 13,219,949 shares are owned by the mutual fund manager. The American Funds New World Fund, which owns about 4.66% of PAGS stock, is the second-largest Mutual Fund holder. It holds 9,492,500 shares valued at 67.02 million. Government Pension Fund – Global holds 3.94% of the stake in PAGS, owning 8,032,842 shares worth 56.71 million.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PAGS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With PAGS analysts setting a high price target of $78.29 and a low target of $33.27, the average target price over the next 12 months is $57.48. Based on these targets, PAGS could surge 740.92% to reach the target high and rise by 257.36% to reach the target low. Reaching the average price target will result in a growth of 517.4% from current levels.
