Paltalk (PALT) Initiated with a Buy at Maxim Group

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Paltalk (PALTResearch Report) received a Buy rating and a $12.00 price target from Maxim Group analyst Allen Klee yesterday. The company’s shares closed last Monday at $4.84.

According to TipRanks.com, Klee has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -10.1% and a 31.1% success rate. Klee covers the Technology sector, focusing on stocks such as Digital Turbine, Mitek Systems, and Biotricity.

Paltalk has an analyst consensus of Moderate Buy, with a price target consensus of $12.00.

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The company has a one-year high of $15.20 and a one-year low of $1.10. Currently, Paltalk has an average volume of 6.56M.

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PeerStream, Inc. engages in the development of communications software and solutions for video, voice & text applications and data transmission. It also develops proprietary PeerStream Protocol by using multi-layered encryption, blockchain technology to offer clients maximal data security and confidentiality over distributed or decentralized networks. Its products include Paltalk, Camfrog, Backchannel, FirstMet, 50more, Firetalk, Ribbit Live, The Grade, Tinychat, and Vumber. The company was founded by Clifford Lerner and Darrell Lerner on July 19, 2005 and is headquartered in New York, NY.

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