Paltalk, Inc. (NASDAQ:PALT) Shares Sold by State Street Corp

State Street Corp lowered its position in Paltalk, Inc. (NASDAQ:PALT) by 61.1% in the third quarter, HoldingsChannel reports. The fund owned 17,488 shares of the company’s stock after selling 27,500 shares during the quarter. State Street Corp’s holdings in Paltalk were worth $56,000 at the end of the most recent reporting period.

Separately, GSA Capital Partners LLP purchased a new position in shares of Paltalk in the 3rd quarter valued at about $65,000. Institutional investors own 3.88% of the company’s stock.

Paltalk Trading Down 1.0 %

Shares of PALT stock opened at $2.03 on Friday. Paltalk, Inc. has a 12-month low of $1.52 and a 12-month high of $5.50. The business’s 50 day moving average is $1.89 and its two-hundred day moving average is $3.01. The company has a market capitalization of $18.75 million, a P/E ratio of -5.97 and a beta of 0.86.

Paltalk Company Profile

Paltalk, Inc, together with its subsidiaries, develops communications software and multimedia social applications worldwide. It offers consumer applications, which include Paltalk, Camfrog, and Tinychat for live video chat; and owns and operates Vumber, a telecommunications services provider that enables users to have multiple phone numbers in any area code through which calls can be forwarded to a user’s existing cell phone or land line telephone number.