PayPal (NASDAQ:PYPL) PT Raised to $70.00 at Evercore ISI

PayPal (NASDAQ:PYPL) had its price target boosted by research analysts at Evercore ISI from $65.00 to $70.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “in-line” rating on the credit services provider’s stock. Evercore ISI’s price objective suggests a potential upside of 20.15% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on PYPL. Royal Bank of Canada lifted their price target on shares of PayPal from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. New Street Research started coverage on shares of PayPal in a research report on Friday, May 31st. They set a “buy” rating and a $80.00 price target for the company. Robert W. Baird lifted their price target on shares of PayPal from $70.00 to $77.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Stephens lifted their price target on shares of PayPal from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Wednesday, May 1st. Finally, JMP Securities lifted their price target on shares of PayPal from $70.00 to $82.00 and gave the company a “market outperform” rating in a research report on Wednesday, May 1st. Twenty-one analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $73.64.

PayPal Stock Performance

NASDAQ PYPL opened at $58.26 on Tuesday. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.47. PayPal has a 52-week low of $50.25 and a 52-week high of $76.54. The business’s 50-day moving average price is $63.44 and its 200 day moving average price is $62.47. The firm has a market cap of $60.94 billion, a P/E ratio of 14.68, a P/E/G ratio of 0.97 and a beta of 1.43.

PayPal (NASDAQ:PYPL) last announced its quarterly earnings data on Tuesday, April 30th. The credit services provider reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.14). PayPal had a net margin of 14.26% and a return on equity of 21.58%. The business had revenue of $7.70 billion during the quarter, compared to analysts’ expectations of $7.52 billion. During the same period in the prior year, the firm posted $0.86 EPS. PayPal’s revenue for the quarter was up 9.4% compared to the same quarter last year. On average, equities research analysts expect that PayPal will post 4.14 earnings per share for the current year.

Insider Buying and Selling

In other PayPal news, Director Deborah M. Messemer sold 4,422 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $61.65, for a total value of $272,616.30. Following the completion of the transaction, the director now owns 13,976 shares in the company, valued at approximately $861,620.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On PayPal

Institutional investors and hedge funds have recently bought and sold shares of the stock. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in PayPal in the 4th quarter worth approximately $25,000. Pittenger & Anderson Inc. boosted its stake in shares of PayPal by 77.5% during the 1st quarter. Pittenger & Anderson Inc. now owns 394 shares of the credit services provider’s stock valued at $26,000 after buying an additional 172 shares during the last quarter. American National Bank purchased a new position in shares of PayPal during the 1st quarter valued at approximately $27,000. Private Wealth Management Group LLC purchased a new position in shares of PayPal during the 4th quarter valued at approximately $29,000. Finally, Register Financial Advisors LLC purchased a new position in shares of PayPal during the 1st quarter valued at approximately $30,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

About PayPal

PayPal Holdings, Inc operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.