What's Going On With Shift4 Payments Stock?

Shift4 Payments, Inc. FOUR shares are trading higher Wednesday, and the stock is up more than 20% over the past five days. 

What To Know:

According to an SEC filing, CEO Jared Isaacman purchased 85,916 Shift4 Payments shares on Tuesday at an average price of $67.09. The purchase brought the total number of shares owned by the CEO to 582,827. 

Shift4 Payments shares are climbing this week following a dip after the company reported its first-quarter financial results last Thursday. 

The company reported quarterly sales of $707.4 million which missed the analyst consensus estimate of $755.596 and marked a 29.32% increase over sales of $547 million from the same period last year.

Subscription revenue was $52.3 million, up from $36 million a year ago, and payments-based revenue rose to $655.1 million.

Following the print, Morgan Stanley maintained its Equal-Weight rating and lowered the price target from $70 to $66. Wells Fargo analyst Andrew Bauch maintained Shift4 Payments with an Overweight and lowered the price target from $100 to $75, and Mizuho analyst Dan Dolev maintained a Buy rating and lowered the price target from $85 to $75.

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Will FOUR Stock Go Up?

When trying to assess whether or not Shift4 Payments will trade higher from current levels, it's a good idea to take a look at analyst forecasts.

Wall Street analysts have an average 12-month price target of $86.18 on Shift4 Payments. The Street high target is currently at $105 and the Street low target is $53. Of all the analysts covering Shift4 Payments, 14 have positive ratings, 3 have neutral ratings and no one has a negative rating.

In the last month, 7 analysts have adjusted price targets. Here's a look at recent price target changes [Analyst Ratings]. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Shift4 Payments have performed in recent history.

Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Shift4 Payments is 10.88% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.

For a broad overview of everything you need to know about Shift4 Payments, visit here. If you want to go above and beyond, there's no better tool to help you do just that than Benzinga Pro. Start your free trial today.

FOUR Price Action: According to Benzinga Pro, Shift4 Payments shares closed up 11% at $72.14 Wednesday.

Image: Courtesy of Shift4 Payments, Inc.