Why Paymentus (PAY) Shares Are Falling Today
Paymentus (PAY) shares fell 3.9% after Wolfe Research downgraded it to Peer Perform, citing valuation. The stock later recovered slightly to $38.66, down 3.2%. The company reported Q2 revenue of $360.7M and adjusted EBITDA of $48.8M, but management noted potential headwinds. PAY is up 35.8% YTD but 13.3% below its 52-week high.

