Paymentus (PAY) Stock Price, News & Analysis

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paymentus in the last twelve months. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PAY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PAY, but not buy additional shares or sell existing shares.
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9 Wall Street analysts have issued 1-year price targets for Paymentus' shares. Their PAY share price targets range from $11.00 to $22.50. On average, they predict the company's stock price to reach $17.81 in the next twelve months. This suggests that the stock has a possible downside of 7.8%.
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Paymentus' stock was trading at $17.87 on January 1st, 2024. Since then, PAY shares have increased by 8.1% and is now trading at $19.31.
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Paymentus saw a increase in short interest in March. As of March 15th, there was short interest totaling 1,200,000 shares, an increase of 85.7% from the February 29th total of 646,300 shares. Based on an average daily trading volume, of 278,100 shares, the short-interest ratio is presently 4.3 days. Approximately 7.4% of the shares of the stock are short sold.
View Paymentus' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 13th 2024.
View our PAY earnings forecast.

Paymentus Holdings, Inc. (NYSE:PAY) issued its quarterly earnings data on Monday, March, 4th. The business services provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.06 by $0.03. The business services provider earned $164.80 million during the quarter, compared to analyst estimates of $157.38 million. Paymentus had a trailing twelve-month return on equity of 7.42% and a net margin of 3.63%. The firm's revenue was up 24.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.02 earnings per share.

Paymentus updated its FY 2024 earnings guidance on Monday, March, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $720.0 million-$744.0 million, compared to the consensus revenue estimate of $732.2 million.

Based on aggregate information from My MarketBeat watchlists, some companies that other Paymentus investors own include Gilead Sciences (GILD), Twitter (TWTR), Netflix (NFLX), NIKE (NKE), Alibaba Group (BABA), First Data (FDC), Walt Disney (DIS), Alphabet (GOOG), AT&T (T) and Endo International (ENDP).

Paymentus (PAY) raised $200 million in an initial public offering on Wednesday, May 26th 2021. The company issued 10,000,000 shares at $19.00-$21.00 per share. Goldman Sachs, J.P. Morgan, BofA Securities and Citigroup acted as the underwriters for the IPO and Baird, Nomura, Raymond James, Wells Fargo Securities, Fifth Third Securities, PNC Securities, AmeriVet and C.L. King & Associates were co-managers.

Shares of PAY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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