In a report released today, David Koning from Robert W. Baird downgraded Paymentus Holdings (PAY – Research Report) to a Hold, with a price target of $18.00. The company’s shares closed last Friday at $16.14.
Koning covers the Technology sector, focusing on stocks such as Toast Inc, Verra Mobility, and Accenture. According to TipRanks, Koning has an average return of 3.5% and a 57.20% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Paymentus Holdings with a $13.60 average price target.
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The company has a one-year high of $16.23 and a one-year low of $6.75. Currently, Paymentus Holdings has an average volume of 84.14K.
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Paymentus Holdings Inc is a provider of cloud-based bill payment technology and solutions. The platform provides billers with easy-to-use, flexible and secure electronic bill payment experiences powered by an omni-channel payment infrastructure that allows consumers to pay bills using their preferred payment type and channel.
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