Paysign, Inc. (NASDAQ:PAYS) Stock Has Average Price Target of $14.81 According to Brokerages

Paysign, Inc. (NASDAQ:PAYS) has received an average rating of “Moderate Buy” from the five brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $14.81.

Several brokerages recently commented on PAYS. Lake Street Capital boosted their price target on Paysign from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Wall Street Zen lowered Paysign from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th. DA Davidson lowered their target price on shares of Paysign from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday. Maxim Group lowered shares of Paysign from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Barrington Research set a $15.00 target price on shares of Paysign in a report on Tuesday, August 11th.

Key Stories Impacting Paysign

Investors following PAYS have been watching these stories:

• Positive Sentiment: Ladenburg Thalmann raised its price target to $15.25 from $14.00 and reiterated a Buy rating. Ladenburg Thalmann recommendation
• Positive Sentiment: Paysign beat third-quarter estimates, reporting EPS of $0.11 versus $0.09 expected and revenue of $30.8 million versus $29.02 million. Third-quarter results
• Negative Sentiment: Maxim Group downgraded Paysign from Buy to Hold, adding to concerns about the near-term outlook. Maxim Group recommendation

Paysign Price Performance

PAYS stock traded down $0.66 during trading on Wednesday, hitting $9.48. The stock had a trading volume of 1,987,678 shares, compared to its average volume of 760,311. Paysign has a twelve month low of $3.08 and a twelve month high of $16.15. The stock has a market capitalization of $535.26 million, a P/E ratio of 28.73 and a beta of 0.92. The company’s 50-day moving average price is $13.82 and its two-hundred day moving average price is $8.63.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of $0.09 by $0.02. Paysign had a return on equity of 37.20% and a net margin of 18.48%. The company had revenue of $30.80 million during the quarter, compared to analyst estimates of $29.02 million. As a group, sell-side analysts expect that Paysign will post 0.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Paysign news, EVP Joan M. Herman sold 38,900 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $11.74, for a total value of $456,686.00. Following the completion of the sale, the executive vice president owned 609,421 shares in the company, valued at approximately $7,154,602.54. This represents a 6.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael C. Ngo sold 79,925 shares of the stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $12.74, for a total transaction of $1,018,244.50. Following the completion of the sale, the insider owned 2,350,000 shares of the company’s stock, valued at approximately $29,939,000. The trade was a 3.29% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 259,904 shares of company stock worth $3,402,424. 24.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Paysign

A number of large investors have recently made changes to their positions in PAYS. BlackRock Inc. purchased a new position in Paysign during the second quarter worth approximately $25,219,000. Punch & Associates Investment Management Inc. acquired a new position in Paysign during the second quarter worth $16,983,000. Renaissance Technologies LLC grew its holdings in Paysign by 17.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company’s stock valued at $9,033,000 after buying an additional 227,300 shares in the last quarter. AWM Investment Company Inc. purchased a new stake in Paysign in the 2nd quarter valued at $6,560,000. Finally, Dimensional Fund Advisors LP increased its position in Paysign by 16.8% during the first quarter. Dimensional Fund Advisors LP now owns 575,619 shares of the company’s stock worth $3,396,000 after purchasing an additional 82,736 shares during the last quarter. 25.89% of the stock is currently owned by hedge funds and other institutional investors.

About Paysign

Paysign, Inc. provides prepaid card programs, payment processing and related financial technology services. Its platform supports organizations that need to distribute funds and manage payments, including businesses in the healthcare sector. The company serves plasma collection centers with donor compensation and payment solutions, and works with pharmaceutical companies on patient assistance and affordability programs. Its services also support payments for clinical trials and other disbursement needs.