Nuvei (NASDAQ:NVEI – Get Free Report) announced its quarterly earnings results on Tuesday. The company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.06), Briefing.com reports. Nuvei had a positive return on equity of 6.50% and a negative net margin of 0.39%. The company had revenue of $345.50 million for the quarter, compared to the consensus estimate of $329.88 million. During the same quarter last year, the company posted $0.19 EPS. The company’s quarterly revenue was up 12.5% compared to the same quarter last year.
Nuvei Stock Performance
NASDAQ:NVEI remained flat at $33.00 during trading on Wednesday. The company’s stock had a trading volume of 990,204 shares, compared to its average volume of 1,049,489. The company has a market capitalization of $4.62 billion, a price-to-earnings ratio of -825.00, a price-to-earnings-growth ratio of 1.60 and a beta of 2.53. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.04 and a current ratio of 1.04. The company has a 50 day simple moving average of $32.48 and a 200 day simple moving average of $30.04. Nuvei has a 52-week low of $13.32 and a 52-week high of $33.78.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. downgraded Nuvei from an “overweight” rating to a “neutral” rating and upped their price target for the stock from $32.00 to $34.00 in a report on Wednesday, May 8th. Nine research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, Nuvei currently has a consensus rating of “Moderate Buy” and an average price target of $32.06.
About Nuvei
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. The company's platform enables customers to pay and/or accept payments worldwide regardless of the location, device, or preferred payment method.
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