Streetbeat News

PYFRF

Payfare Inc

Industry

Financial Transactions Processing, Reserve, and Clearinghouse Activities

Open

2.76

Mkt cap

133M

Volume

2.5K

High

2.76

P/E Ratio

10.22

52-wk high

6.50

Low

2.76

Div yield

N/A

52-wk low

1.00

Payfare's Board of Directors and leading proxy advisors recommend shareholders vote in favor of Fiserv's all-cash acquisition offer, which promises immediate value. The transaction is supported despite opposition from Kingsferry.

Portfolio Pulse from

February 12, 2025 | 11:15 am

Payfare Inc. has entered into a definitive agreement to be acquired by an affiliate of Fiserv, Inc. The acquisition is subject to shareholder and customary approvals.

Portfolio Pulse from

December 23, 2024 | 12:15 pm

Payfare Inc. reported a net income of $4.5 million and an adjusted net income per share of $0.17 for Q3 2024. The company's financial statements and MD&A are available on SEDAR+.

Portfolio Pulse from

November 06, 2024 | 10:30 pm

Payfare has withdrawn its 2024 financial guidance for revenue and earnings as it establishes a transition plan with DoorDash, set to begin in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 9:10 pm

Payfare announced that its core services agreement with DoorDash for the DasherDirect Card Program will not be renewed beyond early 2025. Payfare is financially stable with over $100 million in cash and investments to support new strategies.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 9:04 pm

Lyft has partnered with Payfare to enhance its Lyft Direct debit card and banking app, offering new features like cashback rewards for drivers. Despite this development, Lyft's shares are trading lower.

Portfolio Pulse from Nabaparna Bhattacharya

August 27, 2024 | 4:22 pm

Lyft and Payfare have announced a long-term extension of their partnership on Lyft Direct, allowing drivers to continue benefiting from free instant pay, a feature-rich digital banking platform, and a robust loyalty rewards program.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 11:28 am

Canaccord analyst Joseph Vafi reiterated a Buy rating on several digital asset, financial technology, and IT and business services stocks. The companies include Cipher Mining Inc, HIVE Digital Technologies Ltd, Hut 8 Mining Corp, Iris Energy Limited, ACI Worldwide, Inc, Open Lending Corp, Nuvei Corp, Payfare, Inc, Pagaya Technologies Ltd, Concentrix Corp, and ICF International, Inc. The analyst believes these companies are well-positioned for potential changes in the regulatory landscape and the introduction of next-generation technology.

Portfolio Pulse from Anusuya Lahiri

August 28, 2023 | 5:32 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.