Paysign, Inc. (NASDAQ:PAYS) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Paysign, Inc. (NASDAQ:PAYS) has been given a consensus recommendation of “Moderate Buy” by the five analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $8.5625.

Several research analysts have weighed in on the company. DA Davidson reaffirmed a “buy” rating and set a $9.00 price target on shares of Paysign in a research report on Thursday, November 13th. Wall Street Zen downgraded shares of Paysign from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Paysign in a research note on Thursday, January 22nd.

Insider Buying and Selling

In other Paysign news, insider Robert Strobo sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $5.47, for a total transaction of $109,400.00. Following the transaction, the insider owned 327,290 shares of the company’s stock, valued at $1,790,276.30. The trade was a 5.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 22.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new stake in Paysign in the 2nd quarter valued at $30,000. BNP Paribas Financial Markets increased its holdings in shares of Paysign by 99.8% in the third quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock valued at $43,000 after purchasing an additional 3,453 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Paysign in the first quarter valued at about $51,000. SG Americas Securities LLC acquired a new stake in shares of Paysign during the 4th quarter worth about $52,000. Finally, Quarry LP bought a new stake in shares of Paysign during the 3rd quarter worth about $54,000. 25.89% of the stock is currently owned by institutional investors.

Paysign Price Performance

Shares of NASDAQ PAYS opened at $3.55 on Monday. The business has a 50-day moving average of $4.28 and a 200-day moving average of $5.03. The stock has a market capitalization of $195.39 million, a price-to-earnings ratio of 27.31 and a beta of 0.99. Paysign has a fifty-two week low of $1.80 and a fifty-two week high of $8.88.

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.