NASDAQ:NVEI

Nuvei (NVEI) Stock Forecast, Price & News

$18.13

-11.80 (-39.43%)

(As of 08/9/2023 ET)

Compare

Today's Range: $17.69
▼
$21.46
50-Day Range: $18.13
▼
$36.72
52-Week Range: $17.69
▼
$43.81

Volume: 7.03 million shs
Average Volume: 453,459 shs
Market Capitalization: $2.51 billion

P/E Ratio: 60.43
Dividend Yield: N/A
Price Target: $52.80

Nuvei MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 191.2% Upside
$52.80 Price Target
Short Interest: Bearish
4.26% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 1.04
Based on 8 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.

2.55 out of 5 stars

Business Services Sector

61st out of 320 stocks

Business Services, Not Elsewhere Classified Industry

22nd out of 87 stocks

3.5

Analyst's Opinion

Consensus Rating
Nuvei has received a consensus rating of Moderate Buy. The company's average rating score is 2.92, and is based on 11 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $52.80, Nuvei has a forecasted upside of 191.2% from its current price of $18.13.
Amount of Analyst Coverage
Nuvei has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.26% 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 5.8.
Change versus previous month
Short interest in Nuvei has recently increased by 5.16%, indicating that investor sentiment is decreasing 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.

3.9

News and Social Media Coverage

News Sentiment
Nuvei has a news sentiment score of 1.04. 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 is a higher news sentiment than the 0.48 average news sentiment score of Business Services companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Nuvei this week, compared to 2 articles on an average week.
Search Interest
27 people have searched for NVEI on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
10 people have added Nuvei to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 29.19% of the stock of Nuvei is held by institutions.

2.5

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 60.43, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.33.
Price to Earnings Ratio vs. Sector
The P/E ratio of Nuvei is 60.43, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 33.95.
Price to Earnings Growth Ratio
Nuvei has a PEG Ratio of 1.13. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Nuvei has a P/B Ratio of 1.28. 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. Its platform enables customers to pay and/or accept payments worldwide regardless of their location, device, or preferred payment method. The company's solutions comprise a fully integrated payments engine with global processing capabilities, a turnkey solution for frictionless payment experiences, and a broad suite of data-driven business intelligence tools and risk management services. It 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 based in Montreal, Canada.

NVEI Price History

30 days | 90 days | 365 days | Advanced Chart

NVEI Stock News Headlines

August 9, 2023 | seekingalpha.com

Nuvei reports mixed Q2 earnings; initiates Q3 and updates FY23 outlook

August 9, 2023 | msn.com

Nuvei stock tanks on disappointing guidance, Q2 earnings miss

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August 9, 2023 | finance.yahoo.com

Nuvei Announces Second Quarter 2023 Results, Introduces Quarterly Cash Dividend

August 9, 2023 | finance.yahoo.com

Nuvei Corporation (NVEI) Q2 Earnings Miss Estimates

August 3, 2023 | finance.yahoo.com

888 partners with Nuvei to enhance its payment experience in the U.S.

August 2, 2023 | americanbankingnews.com

Nuvei (NVEI) Set to Announce Earnings on Wednesday

July 14, 2023 | ca.finance.yahoo.com

NVEI.TO - Nuvei Corporation

August 10, 2023 | Chaikin Analytics (Ad)

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July 5, 2023 | msn.com

Nuvei: Share Price Decline Is An Opportunity To Buy

June 28, 2023 | reuters.com

Spruce Point no longer holding short position in Ryan Reynolds-backed Nuvei

June 28, 2023 | msn.com

Hedge fund that targeted Nuvei twice says it's no longer short the stock

June 15, 2023 | ca.finance.yahoo.com

3 High-Growth TSX Stocks to Buy Under $55

June 9, 2023 | finance.yahoo.com

Nuvei appoints Laura Miller as Chief Revenue Officer and Global Head of eCommerce

June 9, 2023 | finance.yahoo.com

Nuvei Corporation (NVEI) Posted Impressive Results in Q1

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?

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

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

See More Headlines

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NVEI Company Calendar

Last Earnings: 11/09/2021
Today: 8/10/2023
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: $52.80
High Stock Price Forecast: $93.00
Low Stock Price Forecast: $35.00
Forecasted Upside/Downside: +191.2%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.30
Trailing P/E Ratio: 60.43
Forward P/E Ratio: 15.77
P/E Growth: 1.13
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: 2.98
Cash Flow: $1.12 per share
Price / Cash Flow: 16.23
Book Value: $14.19 per share
Price / Book: 1.28

Miscellaneous

Outstanding Shares: 138,700,000
Free Float: 110,902,000
Market Cap: $2.51 billion
Optionable: Optionable
Beta: 2.03

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Key Executives

Mr. Philip Fayer (Age 45)
Founder, Chair of the Board & CEO
Comp: $1.15M

Mr. Yuval Ziv (Age 46)
Pres
Comp: $1.29M

Mr. David S. Schwartz C.A. (Age 53)
C.F.A., CPA, Chief Financial Officer
Comp: $772.12k

Mr. Max Attias (Age 47)
Group Chief Technology Officer
Comp: $575.31k

Mr. Neil Erlick (Age 42)
Chief Corp. Devel. Officer
Comp: $749.63k

Mr. Kanwarpal Singh Bindra (Age 58)
Chief Product & Operations Officer

Mr. Anthony Gerstein (Age 54)
VP & Head of Investor Relations

Ms. Lindsay Matthews (Age 52)
Gen. Counsel & Corp. Sec.

Mr. Guillaume Conteville
Chief Marketing Officer

Ms. Caitlin Shetter
Chief People 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?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Nuvei in the last year. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NVEI shares.
View NVEI analyst ratings or view top-rated stocks.
What is Nuvei's stock price forecast for 2023?: 12 Wall Street analysts have issued 12 month target prices for Nuvei's shares. Their NVEI share price forecasts range from $35.00 to $93.00. On average, they expect the company's stock price to reach $52.80 in the next year. This suggests a possible upside of 191.2% 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 start of the year. Since then, NVEI shares have decreased by 28.7% and is now trading at $18.13.
View the best growth stocks for 2023 here.
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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.04. The firm earned $183.93 million during the quarter, compared to the consensus estimate of $178.20 million. Nuvei had a net margin of 4.96% and a trailing twelve-month return on equity of 7.91%.
What guidance has Nuvei issued on next quarter's earnings?: Nuvei updated its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share 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 many different institutional and retail investors. Top institutional investors include National Bank of Canada FI (0.29%), Mackenzie Financial Corp (0.27%), TD Asset Management Inc (0.27%), Swiss National Bank (0.17%), Dimensional Fund Advisors LP (0.16%) and Sumitomo Mitsui Trust Holdings Inc. (0.10%).
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 $18.13.
How much money does Nuvei make?: Nuvei (NASDAQ:NVEI) has a market capitalization of $2.51 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 8/10/2023 by MarketBeat.com Staff

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