In a report released today, Michael Diana from Maxim Group reiterated a Buy rating on 3Pea International Inc (TPNL), with a price target of $9. The company’s shares opened today at $7.10, close to its 52-week high of $7.84.
Diana noted:
“On February 7, 3PEA reiterated its 4Q18 guidance (our estimates are at the upper end) and introduced 2019 guidance: revenues of $38M-$40M, with higher gross margins than in 2018, partly due to contribution from new industry verticals.”
According to TipRanks.com, Diana is a 5-star analyst with an average return of 5.6% and a 58.3% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Westamerica Bancorporation, and Pennantpark Floating Rate.
3Pea International Inc has an analyst consensus of Moderate Buy, with a price target consensus of $8.50, implying a 19.7% upside from current levels. In a report issued on February 6, BTIG also initiated coverage with a Buy rating on the stock with a $6 price target.
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Based on 3Pea International Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $800.9K. 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.
