Is Paltalk Inc (PALT) a Winner in the Technology Sector?

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Tuesday, October 05, 2021 10:48 AM | InvestorsObserver Analysts

A rating of 86 puts Paltalk Inc (PALT) near the top of the Technology sector according to InvestorsObserver. Paltalk Inc’s score of 86 means that it ranks higher than 86% of stocks in the sector. In addition, its overall score of 88 ranks it higher than 88% of all stocks.

See Full PALT Report PALT has an Overall Score of 88. Find out what this means to you and get the rest of the rankings on PALT!

What do These Ratings Mean?

What’s Happening With Paltalk Inc Stock Today?

Technology Stocks on the Move Tuesday: BTBT, LNVGY, ALPP, ZETA, DATS, PALT, MAPS, CMTL

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Tuesday, October 05, 2021 02:22 PM | InvestorsObserver Analysts

These Technology stocks are trading higher:

-Bit Digital Inc (BTBT) stock is trading at $9.44, a rise of $1.85, or 24.44%, on high volume. Bit Digital Inc gets a Sentiment Score of Neutral from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $14.00.

-Lenovo Group Limited (LNVGY) stock is trading at $33.78, a rise of $6.53, or 23.96%, on average volume. Lenovo Group Ltd ADR gets a Sentiment Score of Neutral from InvestorsObserver.

-Alpine 4 Holdings Inc (ALPP) stock is trading at $3.43, a gain of $0.6, or 21.2%, on high volume. Alpine 4 Hldgs Inc gets a Sentiment Score of Very Bearish from InvestorsObserver.

-Zeta Global Holdings Corp (ZETA) stock is trading at $7.62, an increase of $1.32, or 21.19%, on high volume. Zeta Global Holdings Corp Cl A gets a Sentiment Score of Very Bullish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $12.10.

Find the top stocks in the Technology Sector here.

These Technology stocks are trading lower:

-Paltalk Inc (PALT) stock is trading at $6.97, a drop of $1.47, or 17.54%, on low volume. Paltalk Inc gets a Sentiment Score of Bearish from InvestorsObserver.

-WM Technology Inc (MAPS) stock is trading at $13.58, a loss of $1.26, or 8.49%, on low volume. Wm Technology Inc gets a Sentiment Score of Bullish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $19.00.

-Comtech Telecomm. Corp. (CMTL) stock is trading at $23.31, a drop of $2.07, or 8.16%, on high volume. Comtech Telecom Company gets a Sentiment Score of Bearish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $30.00.

Find the top stocks in the Technology Sector here.

PALT Stock: Why It Increased This Week

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The stock price of Paltalk Inc (NASDAQ: PALT) increased substantially this week. This is why it happened.

The stock price of Paltalk Inc (NASDAQ: PALT) – a leading communications software innovator that powers multimedia social applications – increased substantially this week as it increased 25.98% in the previous trading session and went up over 16% pre-market today. Investors are responding positively to Paltalk announcing that it has retained strategic advisory firm ClearThink Capital to develop and deploy a comprehensive investor outreach and communications program.

ClearThink is known as a consulting firm known for its ability to connect underfollowed and undervalued smaller reporting companies with sophisticated institutional investors, buy-side and sell-side analysts, retail brokerage firms and accredited individual investors. Utilizing decades of cumulative experience, ClearThink develops strategies to help clients effectively communicate with the investment community and works to increase their exposure through targeted outreach and transparent positioning.

KEY QUOTES:

“We believe we are now ready to enter the next growth phase of our business, as we successfully achieved our Nasdaq listing, and have a strong balance sheet with $6.5 million cash and no long-term debt as of June 30, 2021 and subsequently raised approximately an additional $3.5 million in connection with our recent underwritten public offering. Since we re-focused on our live video chat business, we have recorded five consecutive quarters of at least $3.3 million revenue and $0.4 million operating income. While we continue our focus on software development and sales growth, we remain active in looking for strategic and accretive acquisitions to accelerate our growth and profitability.”

“As we look to all of this positive momentum, our Board and management believe it is an appropriate time to retain a proactive strategic investor relations firm to help us reach new potential investors and effectively communicate our investment thesis. We are confident that ClearThink will help us more effectively communicate our strategy, business objectives and corporate milestones to a wider audience of sophisticated investors and improve our visibility and awareness.”

— Jason Katz, Chairman and Chief Executive Officer of Paltalk

“Under Jason’s leadership, Paltalk has refocused its business, returned to growth, and reached consistent profitability. With a strong balance sheet, expectation of sustainable profitability and a strategic M&A plan, we believe Paltalk’s investment proposition is compelling, and the ClearThink team is eager to elevate the company’s IR efforts. These efforts will include implementing a comprehensive targeting strategy to communicate a more clear and concise message to an expanded audience of relevant investors that we expect, over time, should help unlock and drive stockholder value.”

— Brian Loper, Senior VP and Account Manager of ClearThink

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.