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 Corporation (NASDAQ:NVEI) has partnered with Charles & Keith to enhance the fashion brand's eCommerce payments globally. Through Nuvei's technology, Charles & Keith can now offer a wider range of payment methods, tailored to local preferences in Southeast Asia, Europe, and the US, including digital wallets like Apple Pay and Google Pay. This partnership aims to optimize checkout experiences and has already contributed to double-digit eCommerce revenue growth for Charles & Keith.

Portfolio Pulse from Benzinga Newsdesk

March 19, 2024 | 12:17 pm

U.S. stocks traded higher with the Dow Jones, NASDAQ, and S&P 500 all seeing gains. Communication services shares led the gains, while industrials saw modest increases. Science Applications International Corp (SAIC) shares fell after reporting a revenue decline in Q4 fiscal 2024. Canoo Inc. (GOEV), Wearable Devices Ltd. (WLDS), and Nuvei Corporation (NVEI) saw significant stock price increases due to various positive developments. Solowin Holdings (SWIN), Sonder Holdings Inc. (SOND), and Worksport Ltd. (WKSP) experienced substantial drops in their share prices due to financial results and other issues. Oil and gold prices were up, while silver saw a slight decline.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 7:15 pm

Science Applications International Corporation (SAIC) shares fell over 10% after reporting Q4 fiscal 2024 earnings below estimates, despite beating revenue consensus. Other stocks experienced significant movements, with Canoo Inc. (GOEV) surging 95% after its facility was approved as a Foreign Trade Zone, and various companies seeing gains due to positive developments or analyst upgrades. Conversely, several companies faced declines due to disappointing financial results, regulatory issues, or strategic decisions.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 6:37 pm

Nuvei Corp (NASDAQ:NVEI) shares surged after reports and confirmation of buyout talks with Advent International. The deal, potentially one of the largest private-equity transactions recently, involves significant ownership retention by founder Phil Fayer and others. NVEI's stock rose 27.4% to $27.60.

Portfolio Pulse from Lekha Gupta

March 18, 2024 | 3:16 pm

U.S. stocks were higher on Monday, with notable gains in shares of Alphabet Inc., Nvidia, PepsiCo, and other companies. Alphabet shares rose 6.3% following reports of discussions with Apple to integrate Google Gemini into iPhones. Other stocks like Brand Engagement Network, Nuvei Corp, and NuScale Power Corporation also recorded significant gains. Nvidia and PepsiCo saw their stock prices increase after positive analyst ratings and upgrades.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 2:13 pm

Nuvei's shares surged 33% amid reports of buyout talks with Advent International. 2seventy Bio's stock jumped 50% following an FDA Advisory Committee's favorable vote on Abecma for multiple myeloma. EHang's shares increased 17% as the company started selling its EH216-S flying taxi on Taobao.

Portfolio Pulse from ryanfaloona@benzinga.com

March 18, 2024 | 12:44 pm

Nuvei Corp shares surged 14.1% in pre-market trading due to buyout talks with Advent International. Other stocks also showed significant movement, with Solidion Technology, JOANN Inc., and Brand Engagement Network among the top gainers. Conversely, MMTec, B. Riley Financial, and Nanobiotix were among the top losers.

Portfolio Pulse from Avi Kapoor

March 18, 2024 | 12:06 pm

Nuvei shares are trading higher after reports surfaced about potential buyout talks with Advent International.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:28 am

Nuvei has acknowledged interest in privatization and has formed a special committee to evaluate strategic alternatives. This development indicates a significant shift in the company's strategy and could have implications for its future direction and stock price.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 6:02 am

Nuvei Corporation (NASDAQ:NVEI) has partnered with The Master Group, Canada's largest HVAC-R distributor, to provide a unified commerce solution for seamless credit and debit card payments across online and in-store channels. This partnership aims to enhance The Master Group's payment functionality, drive growth through an improved omnichannel experience, and enable the company to reach a broader market by offering online payment options for the first time.

Portfolio Pulse from Benzinga Newsdesk

March 14, 2024 | 12:22 pm

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