Nuvei (NVEI) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nuvei in the last twelve months. There are currently 2 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NVEI shares.
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13 equities research analysts have issued 12 month price targets for Nuvei's shares. Their NVEI share price forecasts range from $20.00 to $93.00. On average, they predict the company's share price to reach $37.54 in the next year. This suggests a possible upside of 150.6% from the stock's current price.
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Nuvei's stock was trading at $25.41 at the start of the year. Since then, NVEI shares have decreased by 41.0% and is now trading at $14.98.
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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) released its quarterly earnings results on Wednesday, August, 9th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.25 by $0.06. The company had revenue of $307.03 million for the quarter, compared to the consensus estimate of $306.48 million. Nuvei had a trailing twelve-month return on equity of 6.83% and a net margin of 2.03%.

Nuvei announced a quarterly dividend on Wednesday, August 9th. Shareholders 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 yield of 2.00%. 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 2.02%. 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 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 variety of institutional and retail investors. Top institutional investors 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 $14.98.

Nuvei (NASDAQ:NVEI) has a market capitalization of $2.08 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.