Paymentus Posts Better-Than-Expected Earnings, Joins Dave, Honest Company, Natera, CAVA Group And Other Big Stocks Moving Higher On Wednesday

Author: Avi Kapoor | November 13, 2024 10:19am

U.S. stocks were mixed, with the Nasdaq Composite falling around 50 points on Wednesday.

Shares of Paymentus Holdings, Inc. (NYSE:PAY) rose sharply in today's session after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates.

Also, Baird maintained an Outperform rating on the stock and raised its price target from $25 to $36.

Paymentus Holdings shares jumped 23.8% to $32.97 on Wednesday.

Here are some other big stocks recording gains in today's session.

Jet.AI Inc. (NASDAQ:JTAI) shares surged 56% to $10.36. Jet.AI's board approved $2 million share repurchase program through 2025 and announced withdrawal of S-1 registration.
Dave Inc. (NASDAQ:DAVE) shares jumped 46.8% to $92.19 after the company reported better-than-expected third-quarter adjusted EPS results and raised its FY24 sales guidance.
Rocket Lab USA, Inc. (NASDAQ:RKLB) gained 36% to $19.93 after the company reported better-than-expected quarterly financial results. The company also announced a multi-launch agreement with a confidential commercial satellite constellation operator and was awarded a federal defense contract worth up to $8 million.
Paragon 28, Inc. (NYSE:FNA) rose 34.8% to $10.20 following third-quarter results.
The Honest Company, Inc. (NASDAQ:HNST) gained 28.3% to $6.16 after the company reported better-than-expected quarterly sales results.
Organogenesis Holdings Inc. (NASDAQ:ORGO) gained 27.5% to $4.4000 following third-quarter results.
Altus Power, Inc. (NYSE:AMPS) gained 21.5% to $3.7788 after the company reported better-than-expected quarterly EPS and sales.
Natera, Inc. (NASDAQ:NTRA) gained 20% to $162.15 after the company reported better-than-expected third-quarter financial results and issued FY24 revenue guidance above estimates.
Rivian Automotive, Inc. (NASDAQ:RIVN) gained 15.3% to $12.19 after the company announced a joint venture launch with Volkswagen for a total deal size worth up to $5.8 billion.
JetBlue Airways Corporation (NASDAQ:JBLU) rose 15.3% to $7.28.
Tower Semiconductor Ltd. (NASDAQ:TSEM) gained 11.8% to $48.22 after the company reported better-than-expected quarterly financial results.
James Hardie Industries plc (NYSE:JHX) rose 9.9% to $34.93.
CAVA Group, Inc. (NYSE:CAVA) gained 9.1% to $158.26 after the company reported better-than-expected third-quarter financial results and raised its FY24 net new restaurant openings outlook and same sales growth.
Albemarle Corporation (NYSE:ALB) rose 7.1% to $110.09.
Spotify Technology S.A. (NYSE:SPOT) gained 6.9% to $448.39 following third-quarter earnings.