Paltalk, Inc. (OTCMKTS:PALT – Get Rating) CEO Jason Katz bought 9,100 shares of the business's stock in a transaction on Tuesday, August 23rd. The stock was bought at an average price of $1.79 per share, for a total transaction of $16,289.00. Following the purchase, the chief executive officer now directly owns 620,012 shares of the company's stock, valued at $1,109,821.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Jason Katz also recently made the following trade(s):
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Paltalk alerts:
- On Monday, June 13th, Jason Katz bought 5,000 shares of Paltalk stock. The stock was bought at an average price of $2.07 per share, for a total transaction of $10,350.00.
- On Friday, June 10th, Jason Katz purchased 20,000 shares of Paltalk stock. The shares were acquired at an average price of $2.19 per share, for a total transaction of $43,800.00.
Paltalk Trading Up 2.3 %
Shares of PALT stock traded up $0.04 during trading hours on Thursday, reaching $1.77. 32,745 shares of the company's stock were exchanged, compared to its average volume of 367,722. Paltalk, Inc. has a 1 year low of $1.63 and a 1 year high of $15.20. The stock has a market cap of $17.21 million, a PE ratio of -6.65 and a beta of -0.38. The stock's fifty day moving average price is $1.93 and its two-hundred day moving average price is $2.28.
Paltalk (OTCMKTS:PALT – Get Rating) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.12) earnings per share for the quarter. Paltalk had a negative return on equity of 10.49% and a negative net
margin of 18.92%. The business had revenue of $2.64 million for the quarter.
Institutional Investors Weigh In On Paltalk
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Paltalk by 69.6% in the 1st quarter. Vanguard Group Inc. now owns 91,272 shares of the company's stock valued at $236,000 after purchasing an additional 37,454 shares during the last quarter. Virtu Financial LLC acquired a new position in Paltalk during the first quarter worth $66,000. Finally, Millennium Management LLC raised its holdings in Paltalk by 137.7% during the second quarter. Millennium Management LLC now owns 36,208 shares of the company's stock worth $73,000 after purchasing an additional 20,975 shares during the last quarter. Institutional investors and hedge funds own 10.21% of the company's stock.
Analyst Ratings Changes
Separately, Maxim Group restated a "hold" rating on shares of Paltalk in a research note on Tuesday, August 9th.
About Paltalk
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Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. The company offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and Vumber, a telecommunications application that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user's existing cell phone or landline telephone number.
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