Paysign, Inc. (NASDAQ:PAYS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Paysign, Inc. (NASDAQ:PAYS) have received an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, Marketbeat 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 objective among brokers that have covered the stock in the last year is $8.5625.

A number of research firms have weighed in on PAYS. Weiss Ratings reiterated a “hold (c)” rating on shares of Paysign in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Paysign from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, DA Davidson reissued a “buy” rating and issued a $9.00 price objective on shares of Paysign in a research note on Thursday, November 13th.

Insider Activity

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

Institutional Trading of Paysign

Institutional investors and hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in Paysign in the 2nd quarter worth about $30,000. BNP Paribas Financial Markets grew 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 worth $43,000 after acquiring an additional 3,453 shares in the last quarter. Jane Street Group LLC bought a new position in Paysign in the 1st quarter worth about $51,000. Quarry LP purchased a new position in shares of Paysign during the third quarter worth approximately $54,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Paysign during the third quarter valued at approximately $67,000. 25.89% of the stock is currently owned by institutional investors.

Paysign Price Performance

Shares of NASDAQ PAYS opened at $5.45 on Wednesday. Paysign has a 1-year low of $1.80 and a 1-year high of $8.88. The business’s 50 day moving average is $5.34 and its two-hundred day moving average is $5.87. The stock has a market capitalization of $299.97 million, a P/E ratio of 41.93 and a beta of 0.93.

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

About Paysign

Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card.