Paysign (NASDAQ:PAYS) CEO Mark Newcomer Sells 150,000 Shares

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 150,000 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $11.88, for a total transaction of $1,782,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,163,002 shares in the company, valued at $108,856,463.76. This trade represents a 1.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mark Newcomer also recently made the following trade(s):

• On Wednesday, July 29th, Mark Newcomer sold 50,000 shares of Paysign stock. The stock was sold at an average price of $9.38, for a total transaction of $469,000.00.

Paysign Stock Up 0.6%

NASDAQ:PAYS traded up $0.08 during midday trading on Friday, reaching $12.48. The stock had a trading volume of 1,206,572 shares, compared to its average volume of 668,159. Paysign, Inc. has a 12-month low of $3.08 and a 12-month high of $12.85. The firm has a fifty day simple moving average of $8.30 and a two-hundred day simple moving average of $6.10. The stock has a market cap of $697.76 million, a P/E ratio of 48.00 and a beta of 0.74.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Paysign had a net margin of 15.67% and a return on equity of 31.70%. The business had revenue of $28.25 million during the quarter, compared to the consensus estimate of $26.36 million. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. On average, sell-side analysts anticipate that Paysign, Inc. will post 0.36 earnings per share for the current fiscal year.

Institutional Trading of Paysign

A number of hedge funds have recently bought and sold shares of 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 lifted its position in Paysign by 99.8% during 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 during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in 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 purchasing an additional 7,825 shares during the period. Jane Street Group LLC bought a new stake in shares of Paysign in the first quarter valued at approximately $51,000. Finally, SG Americas Securities LLC bought a new stake in Paysign in the 4th quarter valued at $52,000. 25.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. DA Davidson increased their price target on Paysign from $9.00 to $12.00 and gave the company a “buy” rating in a report on Thursday. Wall Street Zen downgraded shares of Paysign from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 13th. Weiss Ratings upgraded Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. Barrington Research set a $11.00 price objective on shares of Paysign in a research report on Monday. Finally, Lake Street Capital restated a “buy” rating and set a $13.00 price objective on shares of Paysign in a research note on Thursday. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $12.00.

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.