Maxim Group analyst Michael Diana reiterated a Buy rating on Payment Data Systems Inc (NASDAQ: PYDS) today and set a price target of $4. The company’s shares closed yesterday at $1.63, close to its 52-week low of $1.17.
Diana commented:
“During 1Q18, the dollar volume of credit and debit cards processed increased 305% versus 1Q17, and the number of credit card transactions processed increased 307%, driven by the acquisition of Singular Payments in September 2017.”
According to TipRanks.com, Diana is a 5-star analyst with an average return of 8.0% and a 66.9% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
Payment Data Systems Inc has an analyst consensus of Moderate Buy, with a price target consensus of $4.
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Based on Payment Data Systems Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $1.05 million. In comparison, last year the company had a GAAP net loss of $286.6K.
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Payment Data Systems, Inc. engages in the provision of integrated payment solutions. It also offers prepaid card processing and program management services for various other card programs including incentive cards for clinical trial recipients, consumer gift cards, rebate cards, and various other card programs that can be branded or white labeled.
