Pushpay squandered ‘greatest ever year’, says Forsyth Barr analyst

Pushpay squandered ‘greatest ever year’, says Forsyth Barr analyst
Pushpay chief executive Molly Matthews says the company has a plan.
Dan Brunskill
The pandemic was manna from heaven for digital technology companies that enabled the socially distanced world to function, but somehow Pushpay missed out.At the end of the 2020 financial year – which ended March 31 – 4,826 churches were reported to be using the platform. Six months later that number had only increased by 13 churches.  In a highly critical report, Forsyth Barr analyst Jamie Foulkes gave the church donation software company an ‘underperform’ rating, saying it had failed to make the most of the opportu...

More Markets

NZ sharemarket down 1.13% for the week
Markets Market close

NZ sharemarket down 1.13% for the week

The S&P/NZX 50 Index closed at 11,796.21, down 39.83 points or 0.34%.

Graham Skellern 19 Apr 2024
Bell Potter boosts Santana target price 53.5%
Primary Sector

Bell Potter boosts Santana target price 53.5%

Aussie brokers increasingly like the look of a low-cost, high yield Otago gold play.

Pattrick Smellie 19 Apr 2024
Anna Palairet appointed Fonterra's chief operating officer
Primary Sector

Anna Palairet appointed Fonterra's chief operating officer

Having acted in the role since June last year, she replaces Fraser Whineray.

Riley Kennedy 19 Apr 2024
Analysts upbeat about Tower's latest guidance
Markets

Analysts upbeat about Tower's latest guidance

The insurer's shares have gained 36% so far this year. 

Rebecca Howard 19 Apr 2024