PayPay (NASDAQ:PAYP) Stock Price Target Lowered at Cantor Fitzgerald

PayPay (NASDAQ:PAYP) had its price target decreased by analysts at Cantor Fitzgerald from $25.00 to $21.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the fintech company’s stock. Cantor Fitzgerald‘s target price would suggest a potential upside of 40.85% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Mizuho dropped their price objective on shares of PayPay from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Tuesday, August 4th. Citigroup decreased their target price on shares of PayPay from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday. Wolfe Research upped their target price on shares of PayPay from $18.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Morgan Stanley raised shares of PayPay from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $24.00 to $23.00 in a research report on Thursday, July 23rd. Finally, Weiss Ratings cut shares of PayPay from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $24.00.

PayPay Stock Performance

PAYP opened at $14.91 on Monday. The business has a 50 day moving average price of $15.89 and a 200 day moving average price of $17.04. PayPay has a twelve month low of $12.07 and a twelve month high of $24.89. The firm has a market cap of $10.09 billion and a P/E ratio of 49.70.

PayPay (NASDAQ:PAYP) last announced its quarterly earnings results on Tuesday, November 3rd. The fintech company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). PayPay had a net margin of 15.75% and a return on equity of 16.34%. The company had revenue of $749.66 million for the quarter. As a group, analysts anticipate that PayPay will post 0.78 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PayPay

Large investors have recently made changes to their positions in the company. Alphabet Inc. acquired a new stake in shares of PayPay during the 3rd quarter worth about $49,062,000. BlueCrest Capital Management Ltd bought a new position in PayPay during the 2nd quarter valued at about $1,791,000. Robeco Institutional Asset Management B.V. lifted its holdings in PayPay by 55.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 155,000 shares of the fintech company’s stock valued at $2,434,000 after purchasing an additional 55,000 shares during the last quarter. NWF Advisory Services Inc. acquired a new position in PayPay in the second quarter valued at about $211,000. Finally, Center for Financial Planning Inc. acquired a new position in PayPay in the third quarter valued at about $103,000.

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