Paya Holdings Inc PAYA:NASDAQ

Last Price$5.34NASDAQ Previous Close - Last Trade as of 4:00PM ET 5/13/22
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Paya Holdings Driving Growth Through Niche Market, 'Unique' Business Model, Says Tigress Financial Partners

4:40PM ET 11/19/2021 MT Newswires
Paya Holdings (PAYA) is driving company growth through a niche market focus, as well as through its "unique" business model and services platform, Tigress Financial Partners said in a research note to clients.

This approach gives investors the chance to participate in the ongoing secular shift to electronic payments and to enterprise digital transformation.

According to Tigress, the payment processor is well-positioned to benefit from a growing market within the payment industry.

"[Paya's] niche focus on overlooked and underserved industries and customers provides a significant revenue growth opportunity to increase its market penetration and customer base," Tigress said.

The firm said Paya's potential US-based payment volumes are currently near $1 trillion, based on 2019 market value levels, and are expected to grow at over 10% per year for the succeeding years.

The firm initiated its coverage on the company with a buy rating and a price target of $15.

Paya shares closed 5.5% lower on Friday.