Streetbeat News

PAY

Paymentus Holdings, Inc.

https://www.paymentus.com

Industry

Information Technology Services

Paymentus Holdings, Inc. provides cloud-based bill payment technology and solutions. 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. The company serves utility, financial service, insurance, government, telecommunication, and healthcare industries. The company was founded in 2004 and is based in Redmond, Washington.

Open

27.01

Mkt cap

3.4B

Volume

484K

High

27.46

P/E Ratio

77.97

52-wk high

38.94

Low

26.43

Div yield

N/A

52-wk low

16.94

Paymentus Holdings, Inc. held its Q3 2024 earnings call, discussing financial performance and company updates. Key participants included the CEO, CFO, and various analysts from major financial institutions.

Portfolio Pulse from

November 15, 2024 | 1:00 pm

Ashford Hospitality Trust, Inc. (NYSE: AHT) has amended its strategic financing to reduce the exit fee from 15% to 12.5% if the loan balance is reduced to $50 million or less by November 15, 2024. This is part of their efforts to repay their only fully recourse debt.

Portfolio Pulse from

November 06, 2024 | 1:15 pm

Paymentus Holdings (NYSE:PAY) has received mixed analyst ratings over the past three months, with a majority being somewhat bullish. Analysts have raised their 12-month price targets, with an average target of $24.5, indicating a positive outlook. The company has shown strong revenue growth but faces challenges with net margin and return on equity.

Portfolio Pulse from Benzinga Insights

October 14, 2024 | 1:00 pm

Baird analyst David Koning maintains an Outperform rating on Paymentus Holdings (NYSE:PAY) and raises the price target from $24 to $25.

Portfolio Pulse from Benzinga Newsdesk

October 14, 2024 | 11:32 am

JP Morgan analyst Tien-Tsin Huang maintains a Neutral rating on Paymentus Holdings (NYSE:PAY) but raises the price target from $21 to $26.

Portfolio Pulse from Benzinga Newsdesk

August 20, 2024 | 2:46 pm

Analysts have provided mixed ratings for Paymentus Holdings (NYSE:PAY) over the past quarter, with a majority being somewhat bullish. The average 12-month price target has increased to $23.62, reflecting a 4.98% rise from the previous target. Key analysts from Baird and Goldman Sachs have raised their price targets, indicating positive sentiment.

Portfolio Pulse from Benzinga Insights

August 15, 2024 | 12:00 pm

Baird analyst David Koning maintains an Outperform rating on Paymentus Holdings (NYSE:PAY) and raises the price target from $23 to $24.

Portfolio Pulse from Benzinga Newsdesk

August 15, 2024 | 11:01 am

Expedia Group, Inc. (NASDAQ:EXPE) and several other major stocks saw significant gains on Friday following better-than-expected financial results. Expedia reported quarterly earnings of $3.51 per share, beating the consensus estimate of $3.06, and quarterly sales of $3.558 billion, surpassing the estimate of $3.534 billion. Other notable gainers include Blend Labs, Inc. (NYSE:BLND), Doximity, Inc. (NYSE:DOCS), ADMA Biologics, Inc. (NASDAQ:ADMA), Sweetgreen, Inc. (NYSE:SG), Evolent Health, Inc. (NYSE:EVH), Iovance Biotherapeutics, Inc. (NASDAQ:IOVA), CarGurus, Inc. (NASDAQ:CARG), IAMGOLD Corporation (NYSE:IAG), Genpact Limited (NYSE:G), Paymentus Holdings, Inc. (NYSE:PAY), DigitalOcean Holdings, Inc. (NYSE:DOCN), Rocket Lab USA, Inc. (NASDAQ:RKLB), Akamai Technologies, Inc. (NASDAQ:AKAM), The Trade Desk, Inc. (NASDAQ:TTD), DXC Technology Company (NYSE:DXC), and Eli Lilly and Company (NYSE:LLY).

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 4:51 pm

Goldman Sachs analyst Will Nance maintains a Neutral rating on Paymentus Holdings (NYSE:PAY) and raises the price target from $21 to $23.5.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:48 pm

Paymentus Holdings shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q2 and FY24 revenue guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:17 pm

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