Maxim Group reaffirmed their hold rating on shares of Paltalk (OTCMKTS:PALT – Get Rating) in a research report sent to investors on Tuesday morning, The Fly reports.
Paltalk Stock Up 3.6 %
Shares of OTCMKTS PALT opened at $1.75 on Tuesday. The stock has a market capitalization of $17.01 million, a price-to-earnings ratio of -6.73 and a beta of -0.38. The stock's fifty day simple moving average is $1.98 and its 200 day simple moving average is $2.32. Paltalk has a 52-week low of $1.63 and a 52-week high of $15.20.
Get Paltalk alerts:Paltalk (OTCMKTS:PALT – Get Rating) last issued its earnings results on Monday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter. The company had revenue of $2.64 million during the quarter. Paltalk had a negative return on equity of 10.49% and a negative net margin of 18.92%.
Insider Transactions at Paltalk
In other news, CEO Jason Katz acquired 20,000 shares of Paltalk stock in a transaction that occurred on Friday, June 10th. The stock was purchased at an average price of $2.19 per share, with a total value of $43,800.00. Following the completion of the transaction, the chief executive officer now owns 605,912 shares in the company, valued at $1,326,947.28. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 15.50% of the stock is currently owned by insiders.Hedge Funds Weigh In On Paltalk
A hedge fund recently bought a new stake in Paltalk stock. Virtu Financial LLC bought a new stake in shares of Paltalk, Inc. (OTCMKTS:PALT – Get Rating) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,355 shares of the company's stock, valued at approximately $66,000. Virtu Financial LLC owned approximately 0.26% of Paltalk at the end of the most recent reporting period. Institutional investors and hedge funds own 10.21% of the company's stock.
About Paltalk
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Paltalk (PALT)
- 2 Important Retail Stock Battles to Watch
- MarketBeat: Week in Review 8/8 – 8/12
- What Is WallStreetBets and What Stocks Are They Targeting?
- Institutions And Analysts Propel Jack In The Box Higher
- Can You Guess Which EV Stock Is Beating Tesla ?
Receive News & Ratings for Paltalk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paltalk and related companies with MarketBeat.com's FREE daily email newsletter.