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    PPH   NZPPHE0001S6

PUSHPAY HOLDINGS LIMITED

(PPH)
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End-of-day quote New Zealand Stock Exchange  -  2022-07-04
1.240 NZD   +3.33%
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09:03aThe Archdiocese of Seattle Selects Pushpay's ParishStaq, Embraces Technology to Increase Engagement
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09:01aThe Archdiocese of Seattle Selects Pushpay's ParishStaq, Embraces Technology to Increase Engagement
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Australian shares close volatile session lower as tech stocks weigh

05/24/2022 | 03:16am EDT

* Technology stocks lead losses after Snap warning

* Mining stocks rise for third consecutive session

* Pushpay Holdings jumps about 13% on buyout talks

May 24 (Reuters) - Australian shares closed lower on Tuesday after a volatile session of trading, with technology stocks leading the fall following an earnings warning from Snapchat owner Snap.

The S&P/ASX 200 index closed 0.3% lower at 7,128.80 after heavyweight mining and financial stocks helped it rise 0.2% in early trade.

The market has been operating in a vacuum since last week without corporate or economic data to provide direction, said Kerry Craig, global market strategist at J.P. Morgan Asset Management.

"Broadly, investors are trying to digest whether there will be more serious decline in economic activity and consumers can withstand the inflation squeeze," he said.

Technology stocks fell 3% after Snap said it expected to miss its quarterly revenue target, sending its stock down 28% in extended trading.

Block Inc's ASX-listed shares slumped 7.3%, while Tyro Payments fell 5.2%.

Gold stocks slipped 1% on weaker bullion prices.

Miners rose 0.1% in their third consecutive session of gains, with Rio Tinto up 0.9% and Fortescue Metals Group adding 0.3%.

Financials advanced 0.3%, with the "Big Four" banks rising 0.2% and 1%.

Meanwhile, Australia's new prime minister, Anthony Albanese, said his goals were aligned with the priorities of the Quad group of countries, and his government would take "ambitious action" on climate change.

Craig suggested that it was too early to define the implication on corporate activity from the election or policy changes.

"So far, companies have been more proactive in addressing investor concerns on climate change than government policy," he said.

New Zealand's benchmark S&P/NZX 50 index fell 0.6% to 11,247.03. Payments group Pushpay Holdings Ltd jumped 12.9% after it confirmed that it was in early talks with multiple parties over a potential acquisition.

A Reuters poll found that New Zealand's central bank will increase its official cash rate by half a percentage point when it meets on May 25, making a hike of that magnitude for the first time at successive meetings.

(Reporting by Himanshi Akhand in Bengaluru; Editing by Subhranshu Sahu)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BLOCK, INC. 4.43% 66.73 Delayed Quote.-58.68%
FORTESCUE METALS GROUP LIMITED -4.85% 16.48 Delayed Quote.-9.84%
PUSHPAY HOLDINGS LIMITED 3.33% 1.24 End-of-day quote.-6.06%
RIO TINTO PLC 2.81% 4772.5 Delayed Quote.-5.15%
S&P/ASX 200 -0.52% 6594.5 Real-time Quote.0.00%
TYRO PAYMENTS LIMITED 9.45% 0.695 Delayed Quote.-75.70%
All news about PUSHPAY HOLDINGS LIMITED
09:03aThe Archdiocese of Seattle Selects Pushpay's ParishStaq, Embraces Technology to Increas..
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09:03aThe Archdiocese of Seattle Selects Pushpay's ParishStaq, Embraces Technology to Increas..
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06/15PUSHPAY : Annual Meeting 2022 Presentation
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06/15Pushpay Holdings Limited Provides Revenue Guidance for 2023
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06/15TRANSCRIPT : Pushpay Holdings Limited - Shareholder/Analyst Call
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05/24Australian shares close volatile session lower as tech stocks weigh
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05/23Pushpay shares surge after NZ-based payments group confirms takeover talks
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05/16TRANSCRIPT : Pushpay Holdings Limited, 2022 Pre Recorded Earnings Call, May 16, 2022
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05/12UBS Adjusts' Pushpay Holdings' Price Target to NZ$1.5 From NZ$1.35, Keeps at Buy
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Analyst Recommendations on PUSHPAY HOLDINGS LIMITED
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Financials
Sales 2023 357 M 219 M 219 M
Net income 2023 57,8 M 35,5 M 35,5 M
Net Debt 2023 1,04 M 0,64 M 0,64 M
P/E ratio 2023 23,8x
Yield 2023 -
Capitalization 1 460 M 896 M 896 M
EV / Sales 2023 4,09x
EV / Sales 2024 3,52x
Nbr of Employees 564
Free-Float 90,2%
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Mean consensus OUTPERFORM
Number of Analysts 5
Last Close Price 1,24 NZD
Average target price 1,57 NZD
Spread / Average Target 26,5%
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Managers and Directors
Molly Matthews Chief Executive Officer
Stephen Basden President
Richard George Keys Chief Financial Officer
Graham John Shaw Independent Chairman
Aaron Senneff Chief Technology Officer
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