Payfare (TSE:PAY) Price Target Increased to C$12.00 by Analysts at Raymond James

Payfare (TSE:PAY) had its price target hoisted by Raymond James from C$10.00 to C$12.00 in a research note issued to investors on Thursday morning, BayStreet.CA reports.

Payfare Trading Down 3.0 %

Shares of PAY traded down C$0.23 during trading hours on Thursday, reaching C$7.35. The stock had a trading volume of 139,962 shares, compared to its average volume of 153,600. The firm has a 50-day moving average of C$6.45 and a 200 day moving average of C$6.64. The company has a quick ratio of 0.32, a current ratio of 1.25 and a debt-to-equity ratio of 0.09. The company has a market cap of C$352.43 million, a P/E ratio of 21.62 and a beta of 2.11. Payfare has a 52 week low of C$4.09 and a 52 week high of C$8.10.

Payfare (TSE:PAY) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.15 EPS for the quarter, hitting analysts’ consensus estimates of C$0.15. Payfare had a return on equity of 25.51% and a net margin of 8.66%. The company had revenue of C$51.90 million for the quarter. On average, sell-side analysts expect that Payfare will post 0.724878 earnings per share for the current fiscal year.

About Payfare

Payfare Inc, a financial technology company, provides instant payout and digital banking solutions to gig economy workers in Canada, the United States, and Mexico. The company offers PayFare, a platform that provides access to earnings, as well as banking services, such as ATM withdrawals, funds transfers, bill payments, and savings wallets; Paid Portal by Payfare, a payout solution for gig workforces; and Paid App by Payfare, a digital banking app.