Paysign (NASDAQ:PAYS) Reaches New 52-Week High – Here’s What Happened

Paysign, Inc. (NASDAQ:PAYS) shares hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as $15.95 and last traded at $15.8650, with a volume of 236,577 shares changing hands. The stock had previously closed at $15.34.

Wall Street Analysts Forecast Growth

PAYS has been the subject of a number of research analyst reports. Weiss Ratings upgraded shares of Paysign from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. DA Davidson increased their target price on shares of Paysign from $12.00 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday, September 30th. Lake Street Capital raised their price target on Paysign from $13.00 to $15.00 and gave the company a “buy” rating in a research report on Tuesday, September 15th. Wall Street Zen lowered shares of Paysign from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th. Finally, Barrington Research set a $15.00 target price on shares of Paysign in a research note on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $15.00.

Paysign Price Performance

The company has a market capitalization of $903.59 million, a PE ratio of 61.44 and a beta of 0.83. The company has a 50 day moving average of $13.51 and a two-hundred day moving average of $9.57.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings data 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 business had revenue of $28.25 million during the quarter, compared to analysts’ expectations 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. On average, equities analysts anticipate that Paysign, Inc. will post 0.58 EPS for the current year.

Insider Activity at Paysign

In related news, CFO Jeffery Baker sold 35,000 shares of Paysign stock in a transaction dated 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 in the company, valued at $6,842,198.02. This trade represents a 6.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Newcomer sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $15.34, for a total transaction of $767,000.00. Following the completion of the sale, the chief executive officer owned 9,113,002 shares of the company’s stock, valued at approximately $139,793,450.68. This trade represents a 0.55% decrease in their ownership of the stock. 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 494,904 shares of company stock valued at $6,095,124 over the last ninety days. Company insiders own 24.50% of the company’s stock.

Institutional Trading of Paysign

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Paysign by 16.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 575,619 shares of the company’s stock valued at $3,396,000 after buying an additional 82,736 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Paysign by 345.9% during the first quarter. Bank of America Corp DE now owns 130,930 shares of the company’s stock worth $772,000 after purchasing an additional 101,568 shares during the period. Renaissance Technologies LLC grew its stake in shares of Paysign by 17.4% during the 1st quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company’s stock worth $9,033,000 after purchasing an additional 227,300 shares during the period. OneDigital Investment Advisors LLC acquired a new position in Paysign during the second quarter worth about $877,000. Finally, Punch & Associates Investment Management Inc. acquired a new stake in shares of Paysign during the 2nd quarter worth about $16,983,000. 25.89% of the stock is currently owned by hedge funds and other institutional investors.

Paysign Company Profile

Paysign, Inc (NASDAQ: PAYS) provides prepaid payment and financial technology solutions, with a focus on healthcare, pharmaceutical and other specialized markets. Its platform supports the issuance and management of prepaid cards, digital payments, account services and related payment-processing activities.

The company’s healthcare offerings include patient assistance and copay programs that help pharmaceutical manufacturers distribute financial support to eligible patients. Paysign also provides payment and card solutions for plasma collection centers, including programs used to compensate plasma donors.