10 Best Tech Stocks To Buy Right Now Under $10

8. PagSeguro Digital Ltd. (NYSE:PAGS)

Number of Hedge Fund Holders: 32

Share Price as of September 10: $9.17

PagSeguro Digital Ltd. (NYSE:PAGS) is a Brazilian financial technology company that provides payment solutions. It offers services like credit card processing, online payments, and point-of-sale systems — it’s like a Brazilian version of PayPal.

The company reached 31.6 million clients by the end of June, adding more than 2 million clients in the preceding 12 months with 17.3 million active banking clients, a 5% increase. Cash-in per client grew 44%, while the overall credit portfolio grew 11%.

PagBank, the company’s digital bank that operates as a full-service financial institution, has excellent ratings and reviews. Its payment processing volume grew by 34% last year, outperforming the industry.

Small and medium-sized businesses increased their spending on PagSeguro Digital Ltd.’s (NYSE:PAGS) platform by 28% in the second quarter, because it sold them more products and services and became more efficient.

Overall, Q2 2024 saw a 5.92% year-over-year revenue improvement, as the company recorded a revenue of $830.58 million. The earnings per share were $0.31.

PagSeguro Digital Ltd. (NYSE:PAGS) has delivered strong financial results this quarter with record-high net income and revenue growth. The company’s strategic focus on high-value clients and efficient operations has driven profitability, and with a positive outlook and increased guidance, it is well-positioned for continued success. Additionally, it has a role as a key enabler in Brazil’s significantly underbanked population.

As of June 30, it is held by 32 hedge funds, of which the largest stake is at $127,704,436 by Point72 Asset Management.