Maxim Group analyst Michael Diana reiterated a Buy rating on 3Pea International Inc (TPNL) today and set a price target of $10. The company’s shares closed yesterday at $7.83, close to its 52-week high of $8.49.
Diana said:
“Management guidance for 2019 revenue, announced on Feb 7 is unchanged at $38M-$40M, which would represent an increase of 62%-71% y/y. Guidance introduced for 2019 Adjusted EBITDA is $10M-$12M, up 104%-145% y/y.”
According to TipRanks.com, Diana is a 5-star analyst with an average return of 5.7% and a 57.2% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Arlington Asset Investment, and Westamerica Bancorporation.
Currently, the analyst consensus on 3Pea International Inc is a Moderate Buy with an average price target of $9.75, implying a 24.5% upside from current levels. In a report released today, BTIG also maintained a Buy rating on the stock with a $9.50 price target.
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Based on 3Pea International Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $642.6K. In comparison, last year the company had a net profit of $537.1K.
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3PEA International, Inc. is a payment solutions company, which engages in prepaid card programs and processing services for corporate, consumer, and government applications. It specializes in corporate incentive products, payroll cards, general purpose re-loadable cards, and travel cards.
