Brokerages Set Paysign, Inc. (NASDAQ:PAYS) Target Price at $8.56

Paysign, Inc. (NASDAQ:PAYS) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $8.5625.

A number of research firms have issued reports on PAYS. DA Davidson restated a “buy” rating and set a $9.00 price target 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 report on Thursday, January 22nd. Finally, Wall Street Zen upgraded shares of Paysign from a “hold” rating to a “buy” rating in a report on Saturday, November 15th.

Insiders Place Their Bets

In other news, insider Robert Strobo sold 20,000 shares of the business’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $5.47, for a total transaction of $109,400.00. Following the completion of the sale, the insider directly owned 327,290 shares of the company’s stock, valued at $1,790,276.30. The trade was a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 22.40% of the company’s stock.

Institutional Investors Weigh In On Paysign

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Paysign in the second quarter valued at about $30,000. BNP Paribas Financial Markets raised its holdings in shares of 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 purchasing an additional 3,453 shares during the period. Jane Street Group LLC purchased a new position in Paysign in the first quarter valued at approximately $51,000. SG Americas Securities LLC bought a new position in Paysign during the fourth quarter valued at $52,000. Finally, Quarry LP purchased a new stake in Paysign in the third quarter worth $54,000. Hedge funds and other institutional investors own 25.89% of the company’s stock.

Paysign Stock Down 0.5%

Shares of PAYS opened at $4.17 on Thursday. The stock has a market cap of $229.52 million, a PE ratio of 32.08 and a beta of 0.96. Paysign has a 12-month low of $1.80 and a 12-month high of $8.88. The business has a 50-day simple moving average of $5.00 and a two-hundred day simple moving average of $5.55.

Paysign (NASDAQ:PAYS) last released its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Paysign had a net margin of 10.10% and a return on equity of 19.18%. The firm 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 EPS for the current 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.