Paltalk, Inc. (NASDAQ:PALT – Get Free Report) CEO Jason Katz bought 25,000 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $2.73 per share, for a total transaction of $68,250.00. Following the completion of the purchase, the chief executive officer now directly owns 650,912 shares of the company’s stock, valued at approximately $1,776,989.76. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Paltalk Trading Up 8.8 %
Shares of NASDAQ PALT opened at $2.96 on Friday. Paltalk, Inc. has a 12-month low of $1.53 and a 12-month high of $5.50. The stock has a 50 day simple moving average of $4.12 and a 200-day simple moving average of $3.88.
Paltalk (NASDAQ:PALT – Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). Paltalk had a negative net margin of 18.39% and a negative return on equity of 9.58%. The business had revenue of $2.22 million for the quarter.
Institutional Investors Weigh In On Paltalk
Analyst Upgrades and Downgrades
Separately, Maxim Group reiterated a “hold” rating on shares of Paltalk in a research report on Wednesday, August 14th.
Check Out Our Latest Research Report on PALT
Paltalk Company Profile
Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider 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 land line telephone number.
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