PayPay Corporation (NASDAQ:PAYP – Get Free Report) shares traded up 4.6% on Thursday . The company traded as high as $18.63 and last traded at $18.3870. Approximately 312,026 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 1,362,955 shares. The stock had previously closed at $17.58.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on PAYP shares. Zacks Research raised shares of PayPay to a “hold” rating in a research note on Thursday, June 11th. Wolfe Research lifted their price objective on shares of PayPay from $18.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, August 25th. Weiss Ratings cut PayPay from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. Morgan Stanley upgraded PayPay from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $24.00 to $23.00 in a research report on Thursday, July 23rd. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of PayPay in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.45.
View Our Latest Stock Report on PAYP
PayPay Stock Performance
PayPay (NASDAQ:PAYP – Get Free Report) last issued its earnings results on Thursday, July 30th. The fintech company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $675.02 million during the quarter. Equities analysts forecast that PayPay Corporation will post 0.8 EPS for the current fiscal year.
Institutional Investors Weigh In On PayPay
An institutional investor recently bought a new stake in PayPay stock. BlueCrest Capital Management Ltd purchased a new position in PayPay Corporation (NASDAQ:PAYP – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 125,000 shares of the fintech company’s stock, valued at approximately $1,791,000.
About PayPay
PayPay Corporation is a Japanese financial technology company that operates the PayPay mobile payment platform. Launched in 2018, the service enables consumers to make cashless payments at participating merchants by scanning QR codes or presenting payment codes through a smartphone application.
In addition to in-store payments, PayPay offers online checkout and peer-to-peer money transfers. Its broader ecosystem includes related financial services such as PayPay Card, consumer credit and lending products, investment services, and other digital financial tools, with availability depending on the product and applicable regulations.
PayPay primarily serves consumers and businesses in Japan.
Featured Stories
- Five stocks we like better than PayPay
- Chewy’s Sell-Off Puts Its Recurring Revenue Story Back on Trial for Investors
- Insider Sales Eclipse $450M Across 3 AI Winners, With NVIDIA Leading the Pack
- GameStop’s Comeback Case Is Getting Interesting, But eBay Still Looks Stronger
- Why Braze’s Guidance Miss May Be a Gift for Investors
Receive News & Ratings for PayPay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PayPay and related companies with MarketBeat.com's FREE daily email newsletter.
