Hi there,
NVEI is one we identified to Premium members back when it was expected to IPO. Back then, it was trading at a discount to peers and represented a good opportunity. As a newly listed company, it will have its ups and downs but thus far it is performing quite well. The important part, is now that the company is public can it meet lofty expectations on a consistent basis. It has only had one quarter with public release of earnings and it handily beat expectations last quarter. So it is certainly off to a good start.
It is often compared to LSDP and from that perspective it is trading at about half the valuation, so we think it definitely has room to run. Analysts have a one-year estimate of around $68.00 per share which implies high, single-digit upside. It is worth noting however, that price targets are consistent on the rise.
Finally, what is most intriguing about NVEI (at least in my opinion) is the company's exposure to online gaming/gambling and epsports. These are high growth markets with legalization happening in many parts of the world. This will be a nice area of growth for NVEI which has already received approval to process online sports betting in certain states. Also worth noting, NVEI is much larger than LSPD and has a true worldwide presence and serves thousands or merchants globally. The company's recent acquisition for Smart2Pay significant expands its reach.
Overall, I quite like the company reason for which I picked it up on the day of IPO and continue to hold for the long-term.
Mat