PayPay (NASDAQ:PAYP) Trading Down 6.4% – Should You Sell?

Shares of PayPay Corporation (NASDAQ:PAYP) fell 6.4% on Tuesday . The company traded as low as $13.63 and last traded at $13.3360. 173,916 shares were traded during trading, a decline of 90% from the average session volume of 1,691,886 shares. The stock had previously closed at $14.25.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PAYP. Deutsche Bank Aktiengesellschaft began coverage on shares of PayPay in a research report on Monday, April 6th. They set a “hold” rating and a $20.00 price target for the company. Morgan Stanley began coverage on shares of PayPay in a research report on Monday, April 6th. They set an “equal weight” rating and a $24.00 price target for the company. Wall Street Zen raised shares of PayPay to a “hold” rating in a research report on Saturday, March 21st. Cantor Fitzgerald began coverage on shares of PayPay in a research report on Monday, April 6th. They set an “overweight” rating and a $25.00 price target for the company. Finally, Bank of America began coverage on shares of PayPay in a research report on Monday, April 6th. They set a “buy” rating and a $26.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $25.73.

PayPay Trading Down 4.3%

The business has a fifty day simple moving average of $18.87.

PayPay (NASDAQ:PAYP) last released its quarterly earnings data on Wednesday, May 6th. The fintech company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The business had revenue of $644.33 million during the quarter.

PayPay Company Profile

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.