Wells Fargo Sticks to Its Hold Rating for Shift4 Payments (FOUR)
In a report released yesterday, from Wells Fargo reiterated a Hold rating on Shift4 Payments, with a price target of $55.00. The company’s shares closed yesterday at $45.47.
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Currently, the analyst consensus on Shift4 Payments is a Moderate Buy with an average price target of $68.56.
Based on Shift4 Payments’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.19 billion and a net profit of $25 million. In comparison, last year the company earned a revenue of $887 million and had a net profit of $116 million
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of FOUR in relation to earlier this year. Last month, Jared Isaacman, a Major Shareholder at FOUR bought 43,827.00 shares for a total of $2,004,646.98.
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