PayPal (NASDAQ:PYPL) Sets New 1-Year Low After Analyst Downgrade

Shares of PayPal Holdings, Inc. (NASDAQ:PYPL) hit a new 52-week low during mid-day trading on Tuesday after Monness Crespi & Hardt lowered their price target on the stock from $120.00 to $90.00. Monness Crespi & Hardt currently has a buy rating on the stock. PayPal traded as low as $55.85 and last traded at $58.53, with a volume of 20255235 shares trading hands. The stock had previously closed at $58.37.

A number of other equities analysts have also recently commented on the company. Robert W. Baird reduced their target price on PayPal from $100.00 to $95.00 and set an “outperform” rating for the company in a report on Wednesday, February 5th. StockNews.com upgraded PayPal from a “hold” rating to a “buy” rating in a research report on Sunday. Morgan Stanley increased their price objective on PayPal from $79.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 26th. Piper Sandler decreased their price target on PayPal from $85.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Finally, Susquehanna lifted their target price on PayPal from $94.00 to $101.00 and gave the company a “positive” rating in a report on Monday, January 6th. Fifteen equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, PayPal currently has an average rating of “Moderate Buy” and an average price target of $88.32.

Insider Transactions at PayPal

In related news, Director Gail J. Mcgovern sold 2,446 shares of PayPal stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $72.15, for a total value of $176,478.90. Following the sale, the director now owns 29,734 shares of the company’s stock, valued at approximately $2,145,308.10. This trade represents a 7.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PayPal

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Mpwm Advisory Solutions LLC bought a new position in shares of PayPal during the 4th quarter worth approximately $25,000. Rosenberg Matthew Hamilton raised its holdings in shares of PayPal by 67.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 310 shares of the credit services provider’s stock worth $26,000 after buying an additional 125 shares in the last quarter. Hurley Capital LLC acquired a new position in shares of PayPal during the 4th quarter worth $27,000. Sugarloaf Wealth Management LLC raised its holdings in shares of PayPal by 344.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 351 shares of the credit services provider’s stock worth $30,000 after buying an additional 272 shares in the last quarter. Finally, Bernard Wealth Management Corp. bought a new stake in PayPal during the 4th quarter worth $34,000. Institutional investors and hedge funds own 68.32% of the company’s stock.

PayPal Price Performance

The firm has a market cap of $63.26 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 1.27 and a beta of 1.60. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average of $70.76 and a two-hundred day moving average of $79.99.

PayPal (NASDAQ:PYPL) last released its quarterly earnings results on Tuesday, February 4th. The credit services provider reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.08. PayPal had a return on equity of 23.67% and a net margin of 13.04%. The firm had revenue of $8.37 billion for the quarter, compared to analyst estimates of $8.27 billion. During the same quarter in the previous year, the company posted $1.48 EPS. The business’s revenue was up 4.2% on a year-over-year basis. On average, sell-side analysts anticipate that PayPal Holdings, Inc. will post 5.03 earnings per share for the current fiscal year.

PayPal Company Profile

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.