Paltalk (OTCMKTS:PALT) Trading 1.2% Higher

Shares of Paltalk, Inc. (OTCMKTS:PALTGet 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.

Paltalk Stock Performance

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:PALTGet 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

(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.

See Also

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's FREE daily email newsletter.