Paymentus (PAY) Projected to Post Earnings on Monday

Paymentus (NYSE:PAY) is anticipated to post its Q1 2025 quarterly earnings results after the market closes on Monday, May 5th. Analysts expect Paymentus to post earnings of $0.13 per share and revenue of $251.16 million for the quarter.

Paymentus Stock Performance

NYSE PAY opened at $34.57 on Friday. Paymentus has a 52-week low of $16.94 and a 52-week high of $38.94. The company has a fifty day moving average of $28.12 and a 200-day moving average of $30.27. The company has a market capitalization of $4.32 billion, a P/E ratio of 111.52 and a beta of 1.65.

Insider Activity

In other Paymentus news, General Counsel Andrew A. Gerber sold 3,070 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $31.98, for a total transaction of $98,178.60. Following the completion of the transaction, the general counsel now owns 94,855 shares of the company’s stock, valued at $3,033,462.90. This represents a 3.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sanjay Kalra sold 15,794 shares of Paymentus stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $31.99, for a total value of $505,250.06. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 87.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on PAY shares. Wells Fargo & Company upped their price objective on Paymentus from $27.00 to $33.00 and gave the stock an “equal weight” rating in a report on Thursday, January 16th. The Goldman Sachs Group set a $28.00 target price on Paymentus and gave the stock a “neutral” rating in a research report on Wednesday, April 2nd. Robert W. Baird reduced their price target on shares of Paymentus from $36.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. StockNews.com upgraded shares of Paymentus from a “sell” rating to a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Paymentus from $31.00 to $29.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $30.00.

About Paymentus

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.