Paysign, Inc. (NASDAQ:PAYS) Receives $8.56 Average PT from Brokerages

Paysign, Inc. (NASDAQ:PAYS) has been assigned an average rating of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $8.5625.

Several equities research analysts have commented on the company. DA Davidson reissued a “buy” rating and issued a $9.00 target price on shares of Paysign in a report on Thursday, November 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Paysign in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Paysign from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th.

Insider Buying and Selling at Paysign

In related news, insider Robert Strobo sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $5.47, for a total value of $109,400.00. Following the completion of the transaction, the insider directly owned 327,290 shares in the company, valued at $1,790,276.30. The trade was a 5.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC purchased a new position in Paysign in the second quarter worth about $392,000. Total Clarity Wealth Management Inc. purchased a new stake in shares of Paysign during the 2nd quarter valued at about $371,000. Palisades Investment Partners LLC bought a new position in shares of Paysign in the 3rd quarter worth approximately $5,646,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Paysign in the second quarter worth approximately $869,000. Finally, R Squared Ltd purchased a new position in shares of Paysign in the second quarter worth approximately $108,000. 25.89% of the stock is owned by institutional investors.

Paysign Price Performance

NASDAQ:PAYS opened at $4.16 on Thursday. The firm has a market capitalization of $228.97 million, a P/E ratio of 32.00 and a beta of 0.96. Paysign has a one year low of $1.80 and a one year high of $8.88. The company’s 50-day simple moving average is $4.98 and its 200 day simple moving average is $5.51.

Paysign (NASDAQ:PAYS) last announced its earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Paysign had a net margin of 10.10% and a return on equity of 19.18%. The business had revenue of $21.60 million during the quarter, compared to the consensus estimate of $19.92 million. Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. On average, equities research analysts expect that Paysign will post 0.21 earnings per share for the current fiscal year.

Paysign Company Profile

Paysign, Inc (NASDAQ:PAYS) is a U.S.-based financial technology company specializing in prepaid payment solutions. Through its cloud-based platform, the company enables corporations, government agencies and payroll providers to issue and manage stored-value cards, digital wallets and disbursement programs. Paysign’s offerings span gift and incentive cards, payroll and earned-wage access cards, government benefit distribution, tax refund solutions and health savings account disbursements.

The company’s flagship Paysign Experience Platform provides configurable card programs with real-time transaction reporting, fraud monitoring and regulatory compliance tools.