PayPay (NASDAQ:PAYP) Announces Earnings Results, Beats Estimates By $0.02 EPS

PayPay (NASDAQ:PAYP) issued its earnings results on Friday. The fintech company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02, FiscalAI reports. The firm had revenue of $675.02 million during the quarter.

PayPay Stock Down 6.0%

Shares of PayPay stock traded down $0.96 during mid-day trading on Friday, reaching $15.13. 1,414,681 shares of the stock traded hands, compared to its average volume of 1,531,925. PayPay has a fifty-two week low of $12.07 and a fifty-two week high of $24.89. The stock has a market capitalization of $10.24 billion and a PE ratio of 116.38. The company has a 50-day moving average price of $15.44.

Analysts Set New Price Targets

Several equities analysts recently weighed in on PAYP shares. Cantor Fitzgerald began coverage on shares of PayPay in a research note on Monday, April 6th. They set an “overweight” rating and a $25.00 target price for the company. JPMorgan Chase & Co. initiated coverage on PayPay in a research note on Wednesday, April 8th. They set an “overweight” rating and a $25.00 price target for the company. Weiss Ratings raised PayPay from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, July 15th. Jefferies Financial Group started coverage on shares of PayPay in a research report on Monday, April 6th. They issued a “buy” rating and a $28.00 price target on the stock. Finally, Zacks Research upgraded shares of PayPay to a “hold” rating in a research report on Thursday, June 11th. One investment 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, the company presently has an average rating of “Moderate Buy” and an average target price 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.