Shares of Paltalk, Inc. (OTCMKTS:PALT – Get Rating) traded up 1.2% during mid-day trading on Thursday . The company traded as high as $1.74 and last traded at $1.70. 5,880 shares were traded during mid-day trading, a decline of 98% from the average session volume of 344,031 shares. The stock had previously closed at $1.68.
Analyst Upgrades and Downgrades
Separately, Maxim Group reissued a "hold" rating on shares of Paltalk in a report on Tuesday, August 9th.
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The firm has a 50 day moving average price of $1.83 and a two-hundred day moving average price of $2.15. The firm has a market capitalization of $16.53 million, a P/E ratio of -6.54 and a beta of -0.34.
Paltalk (OTCMKTS:PALT – Get Rating) last released its earnings results on Monday, August 8th. The company reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $2.64 million during the quarter. Paltalk had a negative net margin of 18.92% and a negative return on equity of 10.49%.Institutional Trading of Paltalk
A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Paltalk by 69.6% in the first 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 in the last quarter. Millennium Management LLC lifted its holdings in shares of Paltalk by 137.7% in the second quarter. Millennium Management LLC now owns 36,208 shares of the company's stock valued at $73,000 after purchasing an additional 20,975 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Paltalk in the first quarter valued at $66,000. Hedge funds and other institutional investors own 1.80% of the company's stock.
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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