Paysign (NASDAQ:PAYS) Receives Buy Rating from DA Davidson

Paysign (NASDAQ:PAYS)‘s stock had its “buy” rating reaffirmed by DA Davidson in a research note issued on Wednesday,Benzinga reports. They currently have a $9.00 price objective on the stock. DA Davidson’s price target would suggest a potential upside of 63.79% from the company’s current price.

Other analysts have also issued research reports about the company. Lake Street Capital boosted their price target on Paysign from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 25th. Wall Street Zen upgraded Paysign from a “hold” rating to a “buy” rating in a report on Monday, March 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Paysign in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Paysign currently has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Paysign Stock Performance

Paysign stock traded down $1.16 during mid-day trading on Wednesday, hitting $5.50. The company’s stock had a trading volume of 2,113,267 shares, compared to its average volume of 721,794. The company has a 50 day moving average of $5.21 and a 200-day moving average of $4.91. The stock has a market cap of $303.27 million, a PE ratio of 42.35 and a beta of 0.72. Paysign has a one year low of $3.00 and a one year high of $8.88.

Paysign (NASDAQ:PAYS) last issued its earnings results on Tuesday, May 12th. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. Paysign had a net margin of 9.21% and a return on equity of 17.19%. The firm had revenue of $28.04 million during the quarter, compared to analyst estimates of $27.01 million. Paysign has set its Q2 2026 guidance at 0.060-0.070 EPS. On average, equities research analysts forecast that Paysign will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at Paysign

In related news, EVP Joan M. Herman sold 6,667 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $7.01, for a total value of $46,735.67. Following the transaction, the executive vice president directly owned 831,583 shares in the company, valued at approximately $5,829,396.83. This represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 24.50% of the company’s stock.

Institutional Trading of Paysign

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Paysign in the 2nd quarter valued at $30,000. BNP Paribas Financial Markets increased its stake in Paysign by 99.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock valued at $43,000 after buying an additional 3,453 shares during the period. Quarry LP purchased a new position in Paysign during the third quarter worth about $54,000. Caitong International Asset Management Co. Ltd raised its stake in shares of Paysign by 381.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,876 shares of the company’s stock worth $51,000 after buying an additional 7,825 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Paysign in the fourth quarter worth $52,000. 25.89% of the stock is owned by hedge funds and other institutional investors.

About Paysign

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.