Wells Fargo Reaffirms Their Hold Rating on Shift4 Payments (FOUR)

Wells Fargo analyst Jason Kupferberg maintained a Hold rating on Shift4 Payments on June 15 and set a price target of $55.00. The company’s shares closed yesterday at $39.94.

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According to TipRanks, Kupferberg is an analyst with an average return of -8.8% and a 42.30% success rate. Kupferberg covers the Technology sector, focusing on stocks such as Automatic Data Processing, Globant SA, and Block.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shift4 Payments with a $61.81 average price target.

Based on Shift4 Payments’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.12 billion and a net profit of $15 million. In comparison, last year the company earned a revenue of $848.3 million and had a net profit of $16.7 million

Based on the recent corporate insider activity of 36 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 388,500.00 shares for a total of $15,941,080.00.