Paymentus Holdings, Inc. (NYSE:PAY – Get Free Report) has been assigned an average rating of “Moderate Buy” from the ten brokerages that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $20.31.
A number of brokerages have weighed in on PAY. The Goldman Sachs Group increased their target price on shares of Paymentus from $21.00 to $23.50 and gave the stock a “neutral” rating in a report on Friday, August 9th. Baird R W raised shares of Paymentus from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. StockNews.com upgraded Paymentus from a “sell” rating to a “hold” rating in a research note on Saturday, August 3rd. Canaccord Genuity Group raised shares of Paymentus to a “strong-buy” rating in a report on Monday, July 8th. Finally, Robert W. Baird raised their price target on shares of Paymentus from $24.00 to $25.00 and gave the company an “outperform” rating in a research note on Monday.
Read Our Latest Research Report on PAY
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Paymentus Stock Performance
NYSE:PAY opened at $26.30 on Friday. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 114.35 and a beta of 1.46. Paymentus has a one year low of $14.17 and a one year high of $26.50. The stock has a 50-day simple moving average of $21.93 and a 200 day simple moving average of $20.43.
Paymentus (NYSE:PAY – Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. Paymentus had a return on equity of 9.33% and a net margin of 4.63%. The business had revenue of $197.42 million during the quarter, compared to the consensus estimate of $180.57 million. During the same period in the previous year, the business earned $0.06 EPS. The business’s quarterly revenue was up 32.6% on a year-over-year basis. On average, equities research analysts forecast that Paymentus will post 0.32 EPS for the current fiscal year.
About Paymentus
Paymentus Holdings, Inc provides cloud-based bill payment technology and solutions in the United States and internationally. The company offers electronic bill presentment and payment services, enterprise customer communication, and self-service revenue management to billers through a software-as-a-service technology platform.
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