Shift4 Payments gains in wake of Nuvei sale to PE firm [Seeking Alpha]
Shift4 Payments, Inc. Class A (FOUR)
Company Research
Source: Seeking Alpha
"While we had already regarded shares of Shift4 Payments ( FOUR ) as significantly undervalued relative to its operating performance and prospects before the NVEI report hit the tape, we see the news as offering further validation of our view," Benchmark analyst Mark Palmer wrote in a note on Tuesday. Advent, a PE firm focused on the fintech space, agreed to acquire NVEI for 11.3x FY24E EV/EBITDA, according to Palmer. Shift4 ( FOUR ) shares trade shares at just 8.2x the company's FY24E EV/EBITDA even as FOUR is expected to grow both its top and bottom lines at a pace several times that of NVEI. Palmer pointed out that before Tuesday, Shift4 ( FOUR ) shares had dropped 16% since March 15 after a Bloomberg report that Shift4 rejected takeover offers as CEO Jared Isaacman said in a memo to employees that buyout offers didn't adequately value the payments company. After receiving multiple offers above the share price at the time, Shift4's board determined they were too low. "We bel
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FOUR
News
- Chicago White Sox Expand Partnership with Shift4, Adding Ticketing PaymentsBusiness Wire
- The Most Undervalued Fintech: Mini Deep Dive On Shift4 Payments [Seeking Alpha]Seeking Alpha
- Shift4 Payments, Inc. (NYSE: FOUR) was upgraded by analysts at Redburn Atlantic from a "sell" rating to a "neutral" rating. They now have a $53.00 price target on the stock.MarketBeat
- Shift4 to Release First Quarter Earnings Results on May 9, 2024Business Wire
- Shift4 Payments: The Sell-Off Appears Overdone [Seeking Alpha]Seeking Alpha
FOUR
Earnings
- 2/27/24 - Miss
FOUR
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- 3/12/24 - Form 4
- FOUR's page on the SEC website