Paysign (NASDAQ:PAYS) Receives “Buy” Rating from DA Davidson

Paysign (NASDAQ:PAYS)‘s stock had its “buy” rating reissued by equities researchers at DA Davidson in a research note issued on Wednesday,Benzinga reports. They currently have a $9.00 target price on the stock. DA Davidson’s price objective would suggest a potential upside of 63.79% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Lake Street Capital boosted their price target on Paysign from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Weiss Ratings restated a “hold (c)” rating on shares of Paysign in a research note on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Paysign from a “hold” rating to a “buy” rating in a research note on Monday, March 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $10.00.

Paysign Stock Performance

PAYS stock traded down $1.16 during midday trading on Wednesday, reaching $5.50. 2,113,267 shares of the company’s stock traded hands, compared to its average volume of 721,794. Paysign has a 52 week low of $3.00 and a 52 week high of $8.88. The company has a 50-day moving average price of $5.21 and a two-hundred day moving average price of $4.91. The firm has a market capitalization of $303.27 million, a PE ratio of 42.35 and a beta of 0.72.

Paysign (NASDAQ:PAYS) last posted its earnings results on Tuesday, May 12th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $28.04 million for the quarter, compared to analyst estimates of $27.01 million. Paysign had a net margin of 9.21% and a return on equity of 17.19%. Paysign has set its Q2 2026 guidance at 0.060-0.070 EPS. As a group, analysts predict that Paysign will post 0.52 EPS for the current fiscal year.

Insider Activity at Paysign

In related news, EVP Joan M. Herman sold 6,667 shares of the business’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $7.01, for a total value of $46,735.67. Following the sale, the executive vice president owned 831,583 shares in the company, valued at approximately $5,829,396.83. The trade was a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 24.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Palisades Investment Partners LLC purchased a new position in shares of Paysign in the 3rd quarter worth approximately $5,646,000. New York State Common Retirement Fund increased its position in Paysign by 2,943.3% during the third quarter. New York State Common Retirement Fund now owns 385,732 shares of the company’s stock valued at $2,426,000 after acquiring an additional 373,057 shares during the last quarter. Royce & Associates LP raised its stake in shares of Paysign by 150.0% in the third quarter. Royce & Associates LP now owns 622,577 shares of the company’s stock valued at $3,916,000 after acquiring an additional 373,519 shares during the period. Joule Financial LLC lifted its holdings in shares of Paysign by 53.2% in the 3rd quarter. Joule Financial LLC now owns 614,175 shares of the company’s stock worth $3,863,000 after acquiring an additional 213,206 shares during the last quarter. Finally, Inscription Capital LLC purchased a new position in shares of Paysign during the 3rd quarter worth about $69,000. 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.