Barrington Thinks JetPay Corporation’s Stock is Going to Recover


In a report released today, Gary Prestopino from Barrington maintained a Buy rating on JetPay Corporation (NASDAQ: JTPY), with a price target of $3. The company’s shares closed yesterday at $1.90, close to its 52-week low of $1.55.

Prestopino observed:

“We believe JetPay will begin to market to these agencies starting in 2019.”

According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 15.4% and a 65.1% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Liquidity Services, and Ritchie Bros.

JetPay Corporation has an analyst consensus of Moderate Buy, with a price target consensus of $3.

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Based on JetPay Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.51 million. In comparison, last year the company had a GAAP net loss of $1.33 million.

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JetPay Corp. engages in the provision of payment services, which includes debit and credit card processing, payroll, and human capital management services, and card services to businesses and their employees throughout the United States. It operates through the following business segments: JetPay Payment Processing, and JetPay HR & Payroll.

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