Streetbeat News

NVEI

Nuvei Corporation

https://www.nuvei.com

Industry

Software - Infrastructure

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. It provides a suite of payment solutions to support lifecycle of a transaction across mobile or in-app, online, unattended, and in-store channels. The company 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 headquartered in Montreal, Canada.

Open

33.98

Mkt cap

4.8B

Volume

3.1M

High

34.00

P/E Ratio

212.44

52-wk high

34.00

Low

33.98

Div yield

0.01

52-wk low

19.07

Nuvei has announced the suspension of its earnings conference calls and financial outlook due to a proposed take-private transaction with Advent. The company has also withdrawn its FY24 financial outlook and medium and long-term targets.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:26 pm

Nuvei reported Q1 2024 adjusted EPS of $0.41, missing the $0.43 estimate, but its sales of $335.1M exceeded the $325.947M forecast, marking a 30.64% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 9:25 pm

Nuvei Corporation (NASDAQ:NVEI) announced the launch of its Invoice Financing services, integrated into leading ERP platforms like Sage and Acumatica. This service aims to optimize cash flow for merchants by allowing them to access funds from customer invoices within 24 hours. The solution is part of Nuvei's Accounts Receivable Automation suite, designed to improve Days Sales Outstanding (DSO) and provide financial flexibility during periods of high interest rates. Nuvei's Invoice Financing offers instant access to capital, enhanced cash flow management, and seamless integration with existing workflows.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 1:15 pm

Nuvei announced that its Singapore entity has been granted a Major Payment Institution License by the Monetary Authority of Singapore, allowing it to offer domestic and cross-border money transfer, along with merchant acquisition services in Singapore.

Portfolio Pulse from Benzinga Newsdesk

April 09, 2024 | 12:11 pm

Citigroup analyst Ashwin Shirvaikar has maintained a Neutral rating on Nuvei (NASDAQ:NVEI) and increased the price target from $27 to $34.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 4:14 pm

Wall Street analysts have updated their price targets and ratings for several US-listed companies, including Dollar Tree, SLM Corporation, Five Below, American Express, Garmin, Shopify, PVH Corp, Nuvei Corporation, Coinbase Global, and Globant. The adjustments include both upgrades and downgrades, with corresponding changes in price targets. Most of the mentioned stocks experienced a decline in their share prices on Tuesday.

Portfolio Pulse from Avi Kapoor

April 03, 2024 | 12:27 pm

UBS analyst Timothy Chiodo downgraded Nuvei (NASDAQ:NVEI) from Buy to Neutral but raised the price target from $30 to $34.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 12:16 pm

Canaccord Genuity analyst Joseph Vafi downgraded Nuvei (NASDAQ:NVEI) from Buy to Hold and reduced the price target from $40 to $34, indicating a more cautious outlook on the company's stock.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 8:33 am

Scotiabank analyst Kevin Krishnaratne downgraded Nuvei (NASDAQ:NVEI) from Sector Outperform to Sector Perform and set a price target of $34.

Portfolio Pulse from Benzinga Newsdesk

April 02, 2024 | 7:56 pm

Top Wall Street analysts have updated their price targets and ratings for several US-listed companies, including notable changes for Taiwan Semiconductor (TSM), Nuvei Corporation (NVEI), Lowe's Companies (LOW), The Southern Company (SO), FedEx Corporation (FDX), BCE Inc. (BCE), Domino's Pizza (DPZ), AutoZone (AZO), Shockwave Medical (SWAV), and BRP Inc. (DOOO). These adjustments reflect analysts' latest views on these stocks, with some experiencing upgrades in their price targets while others saw downgrades.

Portfolio Pulse from Avi Kapoor

April 02, 2024 | 12:38 pm

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