Nuvei (NVEI) Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Nuvei in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NVEI shares.
View NVEI analyst ratings or view top-rated stocks.

13 brokerages have issued 1-year price objectives for Nuvei's shares. Their NVEI share price forecasts range from $20.00 to $93.00. On average, they expect the company's stock price to reach $37.54 in the next twelve months. This suggests a possible upside of 139.6% from the stock's current price.
View analysts price targets for NVEI or view top-rated stocks among Wall Street analysts.

Nuvei's stock was trading at $25.41 at the start of the year. Since then, NVEI stock has decreased by 38.3% and is now trading at $15.67.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our NVEI earnings forecast.

Nuvei Co. (NASDAQ:NVEI) issued its quarterly earnings results on Wednesday, August, 9th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.06. The firm had revenue of $307.03 million for the quarter, compared to analyst estimates of $306.48 million. Nuvei had a net margin of 2.03% and a trailing twelve-month return on equity of 6.83%.

Nuvei declared a quarterly dividend on Wednesday, August 9th. Stockholders of record on Monday, August 21st will be given a dividend of $0.075 per share on Tuesday, September 5th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date is Friday, August 18th.
Read our dividend analysis for NVEI.

Nuvei (NASDAQ:NVEI) pays an annual dividend of $0.30 per share and currently has a dividend yield of 1.81%. The dividend payout ratio is 214.29%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, NVEI will have a dividend payout ratio of 27.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for NVEI.

Nuvei updated its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share (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 $316.85 million.

Nuvei trades on the NASDAQ under the ticker symbol "NVEI."

Nuvei's stock is owned by a number of retail and institutional investors. Top institutional shareholders include The Manufacturers Life Insurance Company (2.03%), Royal Bank of Canada (0.82%), Invenomic Capital Management LP (0.40%), Senator Investment Group LP (0.40%), Cidel Asset Management Inc. (0.37%) and National Bank of Canada FI (0.29%).

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.
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One share of NVEI stock can currently be purchased for approximately $15.67.

Nuvei (NASDAQ:NVEI) has a market capitalization of $2.18 billion and generates $843.32 million in revenue each year. The company earns $56.73 million in net income (profit) each year or $0.14 on an earnings per share basis.

The company employs 1,690 workers across the globe.

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.