Maxim Group reaffirmed their buy rating on shares of Payment Data Systems (NASDAQ:PYDS) in a report released on Friday morning.

“Revenues in 3Q18 rose 80% y/y, driven by the acquisition of Singular Payments in September 2017 and by 18% organic growth in 3Q18.”,” the firm’s analyst commented.

Separately, Dawson James assumed coverage on shares of Payment Data Systems in a research note on Wednesday, October 24th. They issued a buy rating for the company.

Shares of Payment Data Systems stock traded down $0.01 on Friday, hitting $1.79. The company’s stock had a trading volume of 27,497 shares, compared to its average volume of 37,440. Payment Data Systems has a 52-week low of $1.43 and a 52-week high of $4.00.

Payment Data Systems (NASDAQ:PYDS) last released its quarterly earnings data on Wednesday, November 14th. The business services provider reported ($0.07) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.01. Payment Data Systems had a negative net margin of 17.33% and a negative return on equity of 31.37%. The business had revenue of $6.47 million for the quarter, compared to analyst estimates of $6.60 million. Analysts forecast that Payment Data Systems will post -0.33 EPS for the current fiscal year.

An institutional investor recently bought a new position in Payment Data Systems stock. Essex Investment Management Co. LLC bought a new stake in Payment Data Systems, Inc. (NASDAQ:PYDS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 121,345 shares of the business services provider’s stock, valued at approximately $223,000. Essex Investment Management Co. LLC owned about 0.76% of Payment Data Systems at the end of the most recent quarter. 2.05% of the stock is currently owned by institutional investors.

Payment Data Systems Company Profile

Payment Data Systems, Inc, together with its subsidiaries, provides integrated electronic payment processing services to merchants and businesses in the United States. The company offers various types of automated clearing house (ACH) processing; and credit, prepaid card, and debit card-based processing services.

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