Coverage Initiated by JMP Securities for Paypal (NASDAQ:PYPL)

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Stock analysts at JMP Securities initiated coverage on shares of  Paypal (NASDAQ:PYPL) in a report issued on Tuesday. The brokerage set a Outperform rating on the Computer and Technology stock. A price-to-earnings ratio of 110.28 and a beta of 1.18. Paypal has a twelve month low $82.07 of  and a twelve month high of $175.40.

Shares of Paypal traded up $5.88 on Tuesday, reaching $174.23. 6714262 shares of the stock traded hands, compared to its average volume of 7560102. Shares of Paypal closed trading at $174.23 on Tuesday mid-day. The firm’s 50 day moving average is $$147.15 and its 200 day moving average is $116.86.Paypal  has a 12 month low of $169.41 and a 12 month high of $175.40. While on yearly highs and lows, Paypal’s today has traded high as $174.69 and has touched $169.41 on the downward trend. See More Analyst Rating at: RATING

Paypal Earnings and What to expect: 

Paypal last posted its earnings results on May 6th, 2020. The credit services provider reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.08. The company had revenue of $4.62 billion for the quarter, compared to the consensus estimate of $4.72 billion. Its quarterly revenue was up 11.8% on a year-over-year basis. Paypal has generated $2.45 earnings per share over the last year and currently has a price-to-earnings ratio of 108.4. Paypal has confirmed that its next quarterly earnings report will be published on Wednesday, July 29th, 2020.

Earnings for Paypal are expected to grow by 36.40% in the coming year, from $2.39 to $3.26 per share. The P/E ratio of Paypal is 108.28, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.26. The P/E ratio of Paypal is 108.28, which means that it is trading at a more expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 41.80. Paypal has a PEG Ratio of 4.79. PEG Ratios above 1 indicate that a company could be overvalued. Paypal has a P/B Ratio of 11.86. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Latest Insiders Trading and Volume : 

  • Insider Ownership Percentage: 0.12%
  • On 6/15/2020 CEO Daniel H Schulman Sell 25,000 at average share price of $155.67 which equates to $3,891,750.00 in money value.
  • On 5/15/2020 CEO Daniel H Schulman Sell 25,000 at average price of  $144.15 with total value of : Not Data Available
  • On 5/4/2020 CEO Daniel H Schulman Sell 25,000 at average price of  $122.67 with total value of : $3,066,750.00

Analyt at JMP Securities other ratings :

  • 6/30/2020 – Tesla had its price target raised by analysts at JMP Securities from $1,001.00 to $1,050.00. They now have an “outperform” rating on the stock.
  • 6/30/2020 – Square is now covered by analysts at JMP Securities. They set a “market perform” rating on the stock.
  • 6/29/2020 – ZoomInfo Technologies is now covered by analysts at JMP Securities. They set a “market perform” rating on the stock.
  • 6/26/2020 – BioCryst Pharmaceuticals had its price target raised by analysts at JMP Securities from $10.00 to $11.00. They now have an “outperform” rating on the stock.

Latest rating for Paypal by other brokers:

  • 6/30/2020 – Paypal had its price target raised by analysts at Canaccord Genuity from $160.00 to $190.00. They now have a “buy” rating on the stock.
  • 6/26/2020 – Paypal had its price target raised by analysts at Bank of America Corp from $171.00 to $194.00. They now have a “buy” rating on the stock.
  • 6/25/2020 – Paypal had its “buy” rating re-affirmed by analysts at Berenberg Bank. They now have a $205.00 price target on the stock.
  • 6/24/2020 – Paypal had its price target raised by analysts at Barclays PLC from $169.00 to $199.00. They now have an “overweight” rating on the stock.

Paypal (NASDAQ:PYPL) Moving Average Technical Analysis

5 day Moving Average is $170.23 And 5 day price change is -$1.34 (-0.78%)  with average volume for 5 day average is 6,068,168. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $162.89 and 20 day price change is $13.96 (8.86%) and average 20 day moving volume is 7,021,942. 50 day moving average is $147.15  and 50 day price change is $59.28 ( 52.85%)  and with average volume for 50 days is : 8,763,896. 200 day moving average is $116.86  and 200 day price change is $64.45 (60.23%)  and with average volume for 200 days is : 8,264,289.

See More Analyst Rating at: RATING