PayPay (NASDAQ:PAYP) Issues Quarterly Earnings Results

PayPay (NASDAQ:PAYP) issued its earnings results on Thursday. The fintech company reported $0.17 earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $675.02 million during the quarter.

PayPay Stock Performance

PAYP traded up $1.25 on Thursday, hitting $16.09. The company had a trading volume of 1,260,898 shares, compared to its average volume of 1,532,927. The stock’s fifty day simple moving average is $15.58. PayPay has a 1 year low of $12.07 and a 1 year high of $24.89. The stock has a market cap of $10.89 billion and a price-to-earnings ratio of 123.77.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft started coverage on shares of PayPay in a research report on Monday, April 6th. They set a “hold” rating and a $20.00 price objective for the company. Weiss Ratings raised shares of PayPay from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 15th. Jefferies Financial Group started coverage on shares of PayPay in a report on Monday, April 6th. They set a “buy” rating and a $28.00 price target for the company. Morgan Stanley raised shares of PayPay from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $24.00 to $23.00 in a research report on Thursday, July 23rd. Finally, Zacks Research upgraded PayPay to a “hold” rating in a report on Thursday, June 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, PayPay presently has an average rating of “Moderate Buy” and a consensus price target of $25.64.

About PayPay

As Japan’s leading financial technology company, we are dedicated to our goal of becoming a digital finance platform for all. We strive to empower the everyday lives of users and businesses by transforming their smartphones into a comprehensive, easy-to-use, and accessible financial platform that centralizes and simplifies numerous daily activities for ultimate convenience. Through a seamless ecosystem of payment, financial and everyday services, we have served as a game-changer in driving the shift to a cashless and digitally empowered economy.