Paysign (NASDAQ:PAYS) Stock Jumps 7.1% – Still a Buy?

Paysign, Inc. (NASDAQ:PAYS) shares shot up 7.1% during trading on Thursday. The company traded as high as $14.27 and last traded at $14.44. 201,540 shares traded hands during trading, a decline of 71% from the average daily volume of 702,574 shares. The stock had previously closed at $13.48.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Lake Street Capital boosted their price objective on shares of Paysign from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Barrington Research set a $15.00 target price on shares of Paysign in a research note on Tuesday, August 11th. Wall Street Zen lowered Paysign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. DA Davidson raised their price objective on Paysign from $12.00 to $15.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Weiss Ratings upgraded Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $15.00.

Paysign Trading Up 7.4%

The firm has a market capitalization of $817.09 million, a PE ratio of 55.77 and a beta of 0.80. The firm has a 50-day moving average of $12.18 and a two-hundred day moving average of $8.59.

Paysign (NASDAQ:PAYS) last posted 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. The firm had revenue of $28.25 million during the quarter, compared to the consensus estimate of $26.36 million. Paysign had a return on equity of 30.13% and a net margin of 15.67%.Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. Equities research analysts expect that Paysign, Inc. will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Paysign

In related news, CFO Jeffery Baker sold 35,000 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $12.62, for a total transaction of $441,700.00. Following the completion of the sale, the chief financial officer owned 542,171 shares of the company’s stock, valued at approximately $6,842,198.02. This represents a 6.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mark Newcomer sold 150,000 shares of the firm’s stock in a transaction that occurred 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 owned 9,163,002 shares in the company, valued at $108,856,463.76. The trade was a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 444,904 shares of company stock worth $5,328,124 in the last quarter. Company insiders own 24.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC acquired a new stake in shares of Paysign in the second quarter valued at about $121,000. Connective Capital Management LLC acquired a new stake in Paysign in the second quarter valued at approximately $327,000. Corient Private Wealth LP raised its stake in shares of Paysign by 69.8% during the second quarter. Corient Private Wealth LP now owns 30,159 shares of the company’s stock valued at $247,000 after purchasing an additional 12,396 shares during the period. Punch & Associates Investment Management Inc. purchased a new stake in shares of Paysign during the second quarter valued at approximately $16,983,000. Finally, Bank of America Corp DE acquired a new position in shares of Paysign during the second quarter worth $335,000. 25.89% of the stock is owned by hedge funds and other institutional investors.

About Paysign

Paysign, Inc is a financial technology company that provides payment and financial services primarily to the healthcare and pharmaceutical industries. Its platform supports prepaid card programs, digital payments and other disbursement solutions designed to help organizations distribute funds to individuals efficiently and securely.

The company’s services include patient assistance programs that help eligible patients receive financial support for prescription medications and other healthcare costs.