NASDAQ:NVEI

Nuvei (NVEI) Stock Forecast, Price & News

$30.77

-0.14 (-0.45%)

(As of 06/7/2023 ET)

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Today's Range: $30.56
▼
$31.43
50-Day Range: $30.34
▼
$43.77
52-Week Range: $23.71
▼
$51.00

Volume: 446,481 shs
Average Volume: 405,566 shs
Market Capitalization: $4.27 billion

P/E Ratio: 102.57
Dividend Yield: N/A
Price Target: $58.08

Nuvei MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 88.8% Upside
$58.08 Price Target
Short Interest: Healthy
5.08% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.49
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 40.87%
From $1.15 to $1.62 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

3.07 out of 5 stars

Business Services Sector

6th out of 316 stocks

Business Services, Not Elsewhere Classified Industry

2nd out of 90 stocks

4.5

Analyst's Opinion

Consensus Rating
Nuvei has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 13 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $58.08, Nuvei has a forecasted upside of 88.8% from its current price of $30.77.
Amount of Analyst Coverage
Nuvei has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
5.08% of the float of Nuvei has been sold short.
Short Interest Ratio / Days to Cover
Nuvei has a short interest ratio ("days to cover") of 7.6.
Change versus previous month
Short interest in Nuvei has recently decreased by 6.41%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Nuvei does not currently pay a dividend.
Dividend Growth
Nuvei does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NVEI.

1.9

News and Social Media Coverage

News Sentiment
Nuvei has a news sentiment score of 0.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Business Services companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Nuvei this week, compared to 4 articles on an average week.
Search Interest
17 people have searched for NVEI on MarketBeat in the last 30 days. This is an increase of 113% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Nuvei to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Nuvei insiders have not sold or bought any company stock.
Percentage Held by Insiders
20.04% of the stock of Nuvei is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 29.56% of the stock of Nuvei is held by institutions.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Nuvei are expected to grow by 40.87% in the coming year, from $1.15 to $1.62 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Nuvei is 102.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.79.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nuvei is 102.57, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 332.63.
Price to Earnings Growth Ratio
Nuvei has a PEG Ratio of 1.00. PEG Ratios around 1 indicate that a company is correctly valued.
Price to Book Value per Share Ratio
Nuvei has a P/B Ratio of 2.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Nuvei (NASDAQ:NVEI) Stock

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.

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NVEI Stock News Headlines

June 2, 2023 | americanbankingnews.com

Nuvei (NASDAQ:NVEI) PT Lowered to $42.00 at Royal Bank of Canada

May 29, 2023 | americanbankingnews.com

Nuvei Co. (NASDAQ:NVEI) Receives $58.36 Consensus PT from Analysts

June 8, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Software" to Revolutionize Warfare

This breakthrough will change "the way wars will be fought, and won, for years to come." - Chairman of the Joint Chief of Staff, General Mark Milley Get the name of the company supplying it to the U.S. Army here >>>

May 24, 2023 | msn.com

Want $1 Million for Retirement? Invest $50,000 in These 2 Stocks and Wait a Decade

May 24, 2023 | theglobeandmail.com

Closing Bell: Nuvei Corp down on Wednesday (NVEI)

May 24, 2023 | finance.yahoo.com

Nuvei partners with Wonderful Copenhagen

May 18, 2023 | theglobeandmail.com

Closing Bell: Nuvei Corp up on Wednesday (NVEI)

May 12, 2023 | ca.finance.yahoo.com

Is Now Actually the Right Time to Buy Nuvei Stock?

June 8, 2023 | Behind the Markets (Ad)

[BREAKING] New "Living Software" to Revolutionize Warfare

May 12, 2023 | americanbankingnews.com

Nuvei (NASDAQ:NVEI) Shares Gap Down to $42.39

May 12, 2023 | americanbankingnews.com

Nuvei (NASDAQ:NVEI) Price Target Lowered to $47.00 at Raymond James

May 11, 2023 | markets.businessinsider.com

RBC Capital Reaffirms Their Buy Rating on Nuvei Corp (NVEI)

May 10, 2023 | seekingalpha.com

Nuvei Corporation 2023 Q1 - Results - Earnings Call Presentation

May 10, 2023 | msn.com

TSX Declines on Crude Prices; Nuvei, Brookfield Asset Management Report Earnings

May 10, 2023 | finance.yahoo.com

Nuvei Corporation (NVEI) Q1 Earnings Miss Estimates

May 9, 2023 | americanbankingnews.com

Nuvei (NVEI) Scheduled to Post Earnings on Wednesday

May 4, 2023 | americanbankingnews.com

Analysts Set Nuvei Co. (NASDAQ:NVEI) Price Target at $58.54

April 26, 2023 | finance.yahoo.com

Nuvei to Announce First Quarter 2023 Results on May 10, 2023

April 25, 2023 | finance.yahoo.com

Nuvei integrates with Sabre to offer market-leading payments for the travel and hospitality industries

April 22, 2023 | seekingalpha.com

Nuvei: Risky Business

April 20, 2023 | finance.yahoo.com

Cart.com selects Nuvei as its exclusive payments partner

April 19, 2023 | msn.com

Spruce Point Shorts Nuvei - Again

April 19, 2023 | americanbankingnews.com

Nuvei (NASDAQ:NVEI) Sees Large Volume Increase

April 19, 2023 | seekingalpha.com

Nuvei: Staying Cautious

April 17, 2023 | msn.com

Ryan Reynolds Takes Stake in Canadian Payments Firm Nuvei

April 17, 2023 | theglobeandmail.com

Stocks in play: Nuvei Corp

April 17, 2023 | msn.com

Ryan Reynolds becomes investor in Nuvei fintech company

See More Headlines

NVEI Price History

30 days | 90 days | 365 days | Advanced Chart

NVEI Company Calendar

Last Earnings: 11/09/2021
Today: 6/08/2023
Next Earnings (Estimated): 8/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Business services, not elsewhere classified
Sub-Industry: N/A
Sector: Business Services
Current Symbol: NASDAQ:NVEI
CUSIP: N/A
CIK: 1765159
Web: www.nuvei.com
Phone: 514-313-1190
Fax: N/A
Employees: 1,690
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $58.08
High Stock Price Forecast: $93.00
Low Stock Price Forecast: $35.00
Forecasted Upside/Downside: +88.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.30
Trailing P/E Ratio: 102.57
Forward P/E Ratio: 26.76
P/E Growth: 1
Net Income: $56.73 million
Net Margins: 4.96%
Pretax Margin: 7.91%
Return on Equity: 7.91%
Return on Assets: 4.22%

Debt

Debt-to-Equity Ratio: 0.65
Current Ratio: 1.01
Quick Ratio: 1.01

Sales & Book Value

Annual Sales: $843.32 million
Price / Sales: 5.06
Cash Flow: $1.89 per share
Price / Cash Flow: 16.26
Book Value: $14.19 per share
Price / Book: 2.17

Miscellaneous

Outstanding Shares: 138,700,000
Free Float: 110,902,000
Market Cap: $4.27 billion
Optionable: Optionable
Beta: 2.13

Key Executives

Mr. Philip Fayer (Age 44)
Founder, Chair of the Board & CEO
Comp: $1.91M

Mr. Yuval Ziv (Age 45)
Pres
Comp: $1.57M

Mr. David S. Schwartz C.A. (Age 52)
C.F.A., CPA, Chief Financial Officer
Comp: $864.25k

Mr. Max Attias (Age 46)
Group Chief Technology Officer
Comp: $438.37k

Mr. Neil Erlick (Age 42)
Chief Corp. Devel. Officer
Comp: $831.6k

Mr. Kanwarpal Singh Bindra (Age 57)
Chief Product & Operations Officer

Mr. Anthony Gerstein (Age 53)
VP & Head of Investor Relations

Mr. Philip Atherton (Age 57)
Global Compliance Officer

Ms. Lindsay Mathews (Age 51)
Gen. Counsel & Corp. Sec.

Mr. Guillaume Conteville
Chief Marketing Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NVEI Stock - Frequently Asked Questions

Should I buy or sell Nuvei stock right now?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Nuvei in the last twelve months. There are currently 13 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" NVEI shares.
View NVEI analyst ratings or view top-rated stocks.
What is Nuvei's stock price forecast for 2023?: 13 brokerages have issued 1-year price targets for Nuvei's stock. Their NVEI share price forecasts range from $35.00 to $93.00. On average, they expect the company's stock price to reach $58.08 in the next twelve months. This suggests a possible upside of 88.8% from the stock's current price.
View analysts price targets for NVEI or view top-rated stocks among Wall Street analysts.
How have NVEI shares performed in 2023?: Nuvei's stock was trading at $25.41 at the beginning of the year. Since then, NVEI shares have increased by 21.1% and is now trading at $30.77.
View the best growth stocks for 2023 here.
When is Nuvei's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our NVEI earnings forecast.
How were Nuvei's earnings last quarter?: Nuvei Co. (NASDAQ:NVEI) issued its quarterly earnings results on Tuesday, November, 9th. The company reported $0.42 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.04. The business had revenue of $183.93 million for the quarter, compared to analyst estimates of $178.20 million. Nuvei had a net margin of 4.96% and a trailing twelve-month return on equity of 7.91%.
What ETFs hold Nuvei's stock?: ETFs with the largest weight of Nuvei (NASDAQ:NVEI) stock in their portfolio include BlackRock Future Financial and Technology ETF (BPAY) and iShares International Small Cap Equity Factor ETF (ISCF).iShares MSCI Intl Size Factor ETF (ISZE).

What guidance has Nuvei issued on next quarter's earnings?: Nuvei issued an update on its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided EPS guidance of for the period. The company issued revenue guidance of $300.00 million-$308.00 million, compared to the consensus revenue estimate of $315.67 million.
What is Nuvei's stock symbol?: Nuvei trades on the NASDAQ under the ticker symbol "NVEI."
Who are Nuvei's major shareholders?: Nuvei's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (4.39%), FMR LLC (3.41%), Connor Clark & Lunn Investment Management Ltd. (0.96%), Senator Investment Group LP (0.75%), National Bank of Canada FI (0.52%) and 1832 Asset Management L.P. (0.48%).
How do I buy shares of Nuvei?: Shares of NVEI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Nuvei's stock price today?: One share of NVEI stock can currently be purchased for approximately $30.77.
How much money does Nuvei make?: Nuvei (NASDAQ:NVEI) has a market capitalization of $4.27 billion and generates $843.32 million in revenue each year. The company earns $56.73 million in net income (profit) each year or $0.30 on an earnings per share basis.
How many employees does Nuvei have?: The company employs 1,690 workers across the globe.
How can I contact Nuvei?: The official website for the company is www.nuvei.com. The company can be reached via phone at 514-313-1190 or via email at anthony.gerstein@nuvei.com.

This page (NASDAQ:NVEI) was last updated on 6/8/2023 by MarketBeat.com Staff

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