Joan Herman Sells 6,667 Shares of Paysign (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) EVP Joan Herman sold 6,667 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $7.01, for a total transaction of $46,735.67. Following the sale, the executive vice president directly owned 831,583 shares of the company’s stock, valued at approximately $5,829,396.83. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Paysign Stock Performance

PAYS opened at $6.71 on Friday. The firm has a 50 day moving average price of $5.03 and a 200 day moving average price of $4.89. The company has a market cap of $370.32 million, a PE ratio of 51.62 and a beta of 0.72. Paysign, Inc. has a 1 year low of $2.30 and a 1 year high of $8.88.

Paysign (NASDAQ:PAYS) last posted its earnings results on Tuesday, March 24th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $22.76 million for the quarter, compared to analyst estimates of $21.54 million. Paysign had a return on equity of 17.19% and a net margin of 9.21%. On average, sell-side analysts predict that Paysign, Inc. will post 0.52 earnings per share for the current year.

Analysts Set New Price Targets

PAYS has been the subject of a number of research analyst reports. Lake Street Capital increased their target price on shares of Paysign from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Weiss Ratings restated a “hold (c)” rating on shares of Paysign in a report on Tuesday, April 21st. Wall Street Zen upgraded Paysign from a “hold” rating to a “buy” rating in a report on Monday, March 30th. Finally, DA Davidson restated a “buy” rating and issued a $9.00 price target on shares of Paysign in a report on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $9.42.

Hedge Funds Weigh In On Paysign

Several institutional investors and hedge funds have recently made changes to their positions in PAYS. Raymond James Financial Inc. purchased a new position in shares of Paysign during the 2nd quarter valued at approximately $30,000. BNP Paribas Financial Markets boosted its stake in shares of 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 buying an additional 3,453 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted 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 valued at $51,000 after buying an additional 7,825 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Paysign during the 1st quarter valued at approximately $51,000. Finally, SG Americas Securities LLC purchased a new position in shares of Paysign during the 4th quarter valued at approximately $52,000. 25.89% of the stock is currently owned by hedge funds and other institutional investors.

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.