PaySign, Inc. (NASDAQ:PAYS) has been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $6.08.

PAYS has been the subject of a number of research analyst reports. Zacks Investment Research downgraded PaySign from a “hold” rating to a “sell” rating in a report on Tuesday, March 30th. TheStreet cut PaySign from a “c-” rating to a “d” rating in a research note on Tuesday, March 30th. Finally, Canaccord Genuity cut PaySign from a “buy” rating to a “hold” rating and reduced their price objective for the company from $9.00 to $5.00 in a research note on Wednesday, December 23rd.

Shares of PAYS opened at $4.23 on Thursday. The stock has a 50 day moving average price of $4.59 and a 200 day moving average price of $5.02. The company has a market capitalization of $213.39 million, a price-to-earnings ratio of -70.50 and a beta of 1.43. PaySign has a 52-week low of $3.80 and a 52-week high of $10.98.

PaySign (NASDAQ:PAYS) last announced its quarterly earnings results on Wednesday, March 24th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.01. PaySign had a negative return on equity of 13.31% and a net margin of 17.23%.

Large investors have recently added to or reduced their stakes in the business. Great West Life Assurance Co. Can raised its position in PaySign by 37,647.9% in the third quarter. Great West Life Assurance Co. Can now owns 734,197 shares of the company’s stock worth $991,000 after acquiring an additional 732,252 shares in the last quarter. GSA Capital Partners LLP raised its position in PaySign by 35.0% in the fourth quarter. GSA Capital Partners LLP now owns 30,259 shares of the company’s stock worth $140,000 after acquiring an additional 7,850 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in PaySign by 5.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 199,704 shares of the company’s stock worth $1,135,000 after acquiring an additional 10,412 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in PaySign in the fourth quarter worth $478,000. Finally, EMC Capital Management purchased a new position in PaySign in the fourth quarter worth $345,000. Hedge funds and other institutional investors own 26.23% of the company’s stock.

PaySign Company Profile

PaySign, Inc provides prepaid card products and processing services under the PaySign brand for corporate, consumer, and government applications. The company offers various services, including transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service through PaySign, a proprietary platform.

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Analyst Recommendations for PaySign (NASDAQ:PAYS)

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