In yesterday’s Wall Street session, Nuvei Corporation (NASDAQ:NVEI) shares traded at $17.34, down -4.36% from the previous session.
15 analysts cover Nuvei Corporation (NASDAQ:NVEI), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $70.00 and a low of $22.00, we find $30.00. Given the previous closing price of $18.13, this indicates a potential upside of 65.47 percent. NVEI stock price is now -43.42% away from the 50-day moving average and -47.42% away from the 200-day moving average. The market capitalization of the company currently stands at $3.21B.
The stock has received a hold rating from 1 analysts and a buy rating from 13. Brokers who have rated the stock have averaged $36.98 as their price target over the next twelve months.
With the price target reduced from $41 to $22, Goldman Downgraded its rating from Buy to Neutral for Nuvei Corporation (NASDAQ: NVEI).
A total of 0.08% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NVEI stock. A new stake in Nuvei Corporation shares was purchased by SENATOR INVESTMENT GROUP LP during the first quarter worth $18,207,000. ETF MANAGERS GROUP, LLC invested $3,790,000 in shares of NVEI during the first quarter. In the first quarter, BROOKFIELD CORP /ON/ acquired a new stake in Nuvei Corporation valued at approximately $2,515,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP acquired a new stake in NVEI for approximately $2,482,000. BAROMETER CAPITAL MANAGEMENT INC. purchased a new stake in NVEI valued at around $978,000 in the second quarter. In total, there are 258 active investors with 62.09% ownership of the company’s stock.
On Thursday morning Nuvei Corporation (NASDAQ: NVEI) stock kicked off with the opening price of $17.90. During the past 12 months, Nuvei Corporation has had a low of $17.69 and a high of $43.81. As of last week, the company has a debt-to-equity ratio of 0.68, a current ratio of 1.00, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $3.57B, which is based on a 42.92 price-to-earnings ratio, a 2.78 price-to-earnings-growth ratio, and a beta of 2.52. The fifty day moving average price for NVEI is $30.35 and a two-hundred day moving average price translates $32.92 for the stock.
The latest earnings results from Nuvei Corporation (NASDAQ: NVEI) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.44, inline with analysts’ expectations of $0.44. This compares to $0.24 EPS in the same period last year. The net profit margin was 5.00% and return on equity was 2.30% for NVEI. The company reported revenue of $307.03 million for the quarter, compared to $211.29 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 45.31 percent. For the current quarter, analysts expect NVEI to generate $307.03M in revenue.
Nuvei Corporation(NVEI) Company Profile
Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. Its platform enables customers to pay and/or accept payments worldwide regardless of their location, device, or preferred payment method. The company’s solutions comprise a fully integrated payments engine with global processing capabilities, a turnkey solution for frictionless payment experiences, and a broad suite of data-driven business intelligence tools and risk management services. It sells and distributes its solutions through direct sales, indirect sales for small-and-medium sized businesses, and eCommerce resellers. Nuvei Corporation was founded in 2003 and is based in Montreal, Canada.
