Nuvei (NASDAQ:NVEI) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Nuvei (NASDAQ:NVEI) issued its quarterly earnings data on Tuesday. The company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.01), reports. The business had revenue of $357.62 million during the quarter, compared to analysts’ expectations of $340.60 million. Nuvei had a return on equity of 7.43% and a net margin of 1.75%.

Nuvei Trading Up 1.3 %

Shares of Nuvei stock opened at $33.99 on Thursday. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 226.60, a PEG ratio of 1.85 and a beta of 2.51. Nuvei has a fifty-two week low of $19.07 and a fifty-two week high of $33.99. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.06 and a current ratio of 1.06. The stock has a 50 day moving average of $33.43 and a 200 day moving average of $32.87.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC purchased a new position in Nuvei in the second quarter worth approximately $28,000. Longfellow Investment Management Co. LLC acquired a new stake in shares of Nuvei in the second quarter valued at $36,000. Covestor Ltd purchased a new stake in shares of Nuvei in the 1st quarter valued at $58,000. Quantbot Technologies LP acquired a new position in Nuvei during the 1st quarter worth about $207,000. Finally, ProShare Advisors LLC purchased a new position in Nuvei during the 2nd quarter valued at about $248,000. 42.45% of the stock is currently owned by hedge funds and other institutional investors.

About Nuvei

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. The company's platform enables customers to pay and/or accept payments worldwide regardless of the location, device, or preferred payment method.