Paysign (NASDAQ:PAYS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Paysign (NASDAQ:PAYS) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

A number of other analysts have also recently commented on PAYS. Weiss Ratings restated a “hold (c)” rating on shares of Paysign in a report on Thursday, January 22nd. Lake Street Capital increased their price target on shares of Paysign from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, March 25th. Finally, DA Davidson reissued a “buy” rating and set a $9.00 price target on shares of Paysign in a research report on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $9.42.

Paysign Stock Performance

Shares of NASDAQ:PAYS opened at $5.82 on Monday. The firm has a market capitalization of $321.18 million, a P/E ratio of 44.77 and a beta of 0.99. The stock has a 50 day moving average price of $3.89 and a 200-day moving average price of $4.83. Paysign has a 52-week low of $1.80 and a 52-week high of $8.88.

Paysign (NASDAQ:PAYS) last released its quarterly earnings results on Tuesday, March 24th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The firm had revenue of $22.76 million for the quarter, compared to the consensus estimate of $21.54 million. Paysign had a net margin of 9.21% and a return on equity of 17.19%. On average, equities analysts forecast that Paysign will post 0.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PAYS. Raymond James Financial Inc. bought a new stake in Paysign in the 2nd quarter worth about $30,000. BNP Paribas Financial Markets lifted its stake in Paysign by 99.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock valued at $43,000 after acquiring an additional 3,453 shares during the period. Quarry LP bought a new position in Paysign during the 3rd quarter valued at about $54,000. Caitong International Asset Management Co. Ltd boosted its holdings 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 valued at $51,000 after acquiring an additional 7,825 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Paysign during the 4th quarter valued at about $52,000. Hedge funds and other institutional investors own 25.89% of the company’s stock.

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.