Paymentus (PAY) to Post Earnings on Monday

Paymentus (NYSE:PAY - Get Free Report) will likely be posting its Q1 2025 quarterly earnings results after the market closes on Monday, May 5th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $251.16 million for the quarter.

Paymentus Price Performance

NYSE:PAY traded up $1.02 during midday trading on Thursday, reaching $33.48. 711,893 shares of the company traded hands, compared to its average volume of 338,928. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 107.99 and a beta of 1.65. The company has a fifty day moving average price of $27.85 and a 200 day moving average price of $30.12. Paymentus has a twelve month low of $16.94 and a twelve month high of $38.94.

Analysts Set New Price Targets

A number of research firms recently weighed in on PAY. StockNews.com cut shares of Paymentus from a "hold" rating to a "sell" rating in a report on Friday, April 4th. The Goldman Sachs Group set a $28.00 price objective on Paymentus and gave the stock a "neutral" rating in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. dropped their price target on shares of Paymentus from $31.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Wells Fargo & Company lifted their target price on Paymentus from $27.00 to $33.00 and gave the stock an "equal weight" rating in a report on Thursday, January 16th. Finally, Robert W. Baird reduced their price objective on shares of Paymentus from $36.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Paymentus currently has a consensus rating of "Hold" and an average price target of $30.00.

Insiders Place Their Bets

In related news, General Counsel Andrew A. Gerber sold 3,070 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $31.98, for a total value of $98,178.60. Following the completion of the sale, the general counsel now directly owns 94,855 shares of the company's stock, valued at approximately $3,033,462.90. This represents a 3.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sanjay Kalra sold 15,794 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $31.99, for a total transaction of $505,250.06. Following the completion of the transaction, the chief financial officer now owns 466,035 shares in the company, valued at approximately $14,908,459.65. This represents a 3.28 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 87.76% of the company's stock.

Paymentus Company Profile

Paymentus Holdings, Inc provides cloud-based bill payment technology and solutions in the United States and internationally. 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.