10 Worst Performing Fintech Stocks to Buy According to Analysts

8. Paymentus Holdings, Inc. (NYSE:PAY)

Year-to-Date Performance: -16.05%

Average Price Target Upside Potential According to Analysts: 31.39%

Number of Hedge Fund Holders: 25

Paymentus Holdings, Inc. (NYSE:PAY) is a US-based financial technology company that is focused on simplifying bill payments. The company offers cloud-based billing and payment solutions to billers and financial institutions in North America. The company serves clients of various sizes across a range of industry verticals, including utilities, financial services, insurance, government, telecommunications, and healthcare. According to analysts, Paymentus Holdings, Inc. (NYSE:PAY) is one of the worst-performing stocks to buy.

In the third quarter of 2024, the company reported a record revenue of $231.6 million, a year-over-year increase of 51.9%. This growth was driven primarily by more billers and transactions. Paymentus Holdings, Inc. (NYSE:PAY) is focused on long-term growth through its innovative platform and Integrated Payment Network (IPN), which has helped the company end the quarter with strong bookings and backlog. The company signed several clients across industries like insurance, government services, municipalities, utilities, education, telecommunications, banks, credit unions, and property management. This contributed to the company’s continued momentum and positions Paymentus Holdings, Inc. (NYSE:PAY) for success in 2025 and beyond because of the multiyear nature of these agreements.