Paysign (NASDAQ:PAYS) Given New $14.00 Price Target at DA Davidson

Paysign (NASDAQ:PAYS) had its price target decreased by DA Davidson from $15.00 to $14.00 in a research note issued to investors on Wednesday,Benzinga reports. DA Davidson currently has a buy rating on the stock.

Several other research analysts have also issued reports on PAYS. Wall Street Zen lowered shares of Paysign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. Barrington Research set a $15.00 price objective on shares of Paysign in a research note on Tuesday, August 11th. Lake Street Capital upped their price objective on shares of Paysign from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. Maxim Group downgraded shares of Paysign from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Weiss Ratings upgraded shares of Paysign from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.81.

Paysign Stock Down 6.5%

NASDAQ PAYS opened at $9.48 on Wednesday. Paysign has a twelve month low of $3.08 and a twelve month high of $16.15. The firm has a market capitalization of $535.24 million, a PE ratio of 30.73 and a beta of 0.92. The stock’s 50 day moving average is $13.76 and its 200 day moving average is $8.66.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Monday, November 9th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The business had revenue of $30.80 million during the quarter, compared to the consensus estimate of $29.02 million. Paysign had a return on equity of 37.20% and a net margin of 18.48%. On average, research analysts anticipate that Paysign will post 0.38 earnings per share for the current year.

Insider Transactions at Paysign

In related news, EVP Joan Herman sold 38,900 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $11.74, for a total transaction of $456,686.00. Following the sale, the executive vice president directly owned 609,421 shares of the company’s stock, valued at approximately $7,154,602.54. This represents a 6.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Newcomer sold 50,000 shares of the stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $15.34, for a total transaction of $767,000.00. Following the sale, the chief executive officer directly owned 9,113,002 shares in the company, valued at $139,793,450.68. This trade represents a 0.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 259,904 shares of company stock valued at $3,402,424 in the last quarter. 24.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Paysign

A number of institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Paysign during the second quarter valued at approximately $25,219,000. Punch & Associates Investment Management Inc. purchased a new position in Paysign in the 2nd quarter worth approximately $16,983,000. Renaissance Technologies LLC lifted its position in Paysign by 17.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company’s stock valued at $9,033,000 after acquiring an additional 227,300 shares in the last quarter. AWM Investment Company Inc. bought a new position in Paysign in the 2nd quarter valued at approximately $6,560,000. Finally, Dimensional Fund Advisors LP boosted its stake in Paysign by 16.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 575,619 shares of the company’s stock valued at $3,396,000 after purchasing an additional 82,736 shares during the last quarter. Hedge funds and other institutional investors own 25.89% of the company’s stock.

Key Headlines Impacting Paysign

These are some of the PAYS headlines that stood out recently:

• Positive Sentiment: Ladenburg Thalmann raised its price target to $15.25 from $14.00 and reiterated a Buy rating. Ladenburg Thalmann ratings
• Neutral Sentiment: Trading in Paysign call options surged to 2,581 contracts, about 712% above the average. This may indicate increased bullish positioning, though options activity alone does not establish the outlook for the shares.
• Negative Sentiment: Maxim Group downgraded Paysign from Buy to Hold, adding to concerns about the shares’ near-term prospects. Maxim Group ratings

About Paysign

Paysign, Inc. provides prepaid card programs, payment processing and related financial technology services. Its platform supports organizations that need to distribute funds and manage payments, including businesses in the healthcare sector. The company serves plasma collection centers with donor compensation and payment solutions, and works with pharmaceutical companies on patient assistance and affordability programs. Its services also support payments for clinical trials and other disbursement needs.