Paltalk (NASDAQ:PALT) Given “Hold” Rating at Maxim Group

Maxim Group reissued their hold rating on shares of Paltalk (NASDAQ:PALT) in a report issued on Wednesday, Benzinga reports.

Paltalk Stock Down 0.5 %

Shares of NASDAQ:PALT traded down $0.02 during midday trading on Wednesday, hitting $4.03. 8,004 shares of the stock traded hands, compared to its average volume of 78,051. The business’s 50 day moving average is $4.10 and its two-hundred day moving average is $3.95. The stock has a market capitalization of $37.16 million, a PE ratio of -45.00 and a beta of 0.84. Paltalk has a one year low of $1.53 and a one year high of $5.19.

Institutional Investors Weigh In On Paltalk

An institutional investor recently bought a new position in Paltalk stock. Virtu Financial LLC purchased a new position in Paltalk, Inc. (NASDAQ:PALT) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,431 shares of the company’s stock, valued at approximately $75,000. Virtu Financial LLC owned 0.26% of Paltalk as of its most recent SEC filing. Institutional investors and hedge funds own 3.88% of the company’s stock.

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.