Payfare (TSE:PAY – Get Free Report) was downgraded by research analysts at B. Riley from a “strong-buy” rating to a “hold” rating in a note issued to investors on Friday, Zacks.com reports.
Separately, Raymond James downgraded shares of Payfare from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from C$12.00 to C$3.00 in a research note on Monday.
Check Out Our Latest Stock Report on Payfare
Payfare Stock Down 1.5 %
Payfare (TSE:PAY – Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$0.16 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.17 by C($0.01). The business had revenue of C$55.99 million for the quarter, compared to analyst estimates of C$58.97 million. Payfare had a return on equity of 27.84% and a net margin of 9.62%. Equities analysts predict that Payfare will post 0.6901639 EPS for the current fiscal year.
Payfare Company Profile
Payfare Inc, a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, funds transfers, bill payments, and savings wallets; Paid Portal by Payfare, a payout solution for gig workforces; and Paid App by Payfare, a digital banking app.
Read More
- Five stocks we like better than Payfare
- Trading Halts Explained
- TJX Stock: A Buying Opportunity Before the Holiday Rush
- Do ETFs Pay Dividends? What You Need to Know
- Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge
- How to Start Investing in Real Estate
- Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth
Receive News & Ratings for Payfare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Payfare and related companies with MarketBeat.com's FREE daily email newsletter.