Why Shift4 Payments Stock Dropped This Morning [Yahoo! Finance]
Shift4 Payments, Inc. Class A (FOUR)
Company Research
Source: Yahoo! Finance
As of 10 a.m. ET, Shift4 stock was down 9%. Potential acquirers aren't bidding high enough According to a weekend report from Bloomberg, Shift4 founder and CEO Jared Isaacman sent an internal memo on Friday. The memo said that multiple companies have offered to buy Shift4 for more than its stock price right now. But the board of directors decided that the offers weren't high enough. On one hand, investors might interpret this as bullish news. According to a previous Reuters report, Fiserv and Amadeus were in a bidding war for Shift4, potentially valuing the company at $7 billion. For perspective, its current market cap is only $6 billion. Therefore, the acquisition offers represent upside. On the other hand, during a bull market (like now), one can reasonably expect a generous acquisition offer for a high-quality company. Investors, therefore, appear discouraged that demand for Shift4 isn't meeting what the company believes its true value is. In other words, these are ideal
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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