Investors Buy High Volume of Nuvei Call Options (NASDAQ:NVEI)

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Nuvei Corporation (NASDAQ:NVEI) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 11,049 call options on the stock. This represents an increase of approximately 6,477% compared to the average volume of 168 call options.

Several analysts recently weighed in on NVEI shares. Bank of America started coverage on shares of Nuvei in a report on Thursday, November 4th. They issued a “buy” rating and a $145.00 price target on the stock. Scotiabank started coverage on shares of Nuvei in a report on Thursday, October 14th. They issued an “outperform” rating and a $125.00 price target on the stock. They noted that the move was a valuation call. Raymond James lifted their price target on shares of Nuvei from $143.00 to $166.00 and gave the company an “outperform” rating in a report on Wednesday, November 10th. Finally, Sumitomo Mitsui Financial Group started coverage on shares of Nuvei in a report on Wednesday, November 3rd. They issued a “neutral” rating and a $130.00 price target on the stock.

Shares of NVEI stock opened at $57.97 on Thursday. Nuvei has a 12 month low of $43.10 and a 12 month high of $140.23.

Nuvei (NASDAQ:NVEI) last announced its earnings results on Tuesday, November 9th. The company reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. Research analysts expect that Nuvei will post 1.5 earnings per share for the current year.

About Nuvei

Nuvei Corporation is a payment technology partner of thriving brands. It provides intelligence and technology businesses. Nuvei Corporation is based in MONTR?AL.

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