Paysign, Inc. (NASDAQ:PAYS) Given Average Rating of “Moderate Buy” by Analysts

Paysign, Inc. (NASDAQ:PAYS) has been given an average rating of “Moderate Buy” by the five research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $8.5625.

Several research analysts have issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Paysign in a report on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and issued a $9.00 price target on shares of Paysign in a research report on Thursday, November 13th. Finally, Wall Street Zen upgraded shares of Paysign from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th.

Paysign Stock Down 0.8%

Shares of NASDAQ:PAYS opened at $4.86 on Friday. The business’s 50 day moving average is $5.20 and its 200 day moving average is $5.89. The stock has a market cap of $267.51 million, a P/E ratio of 37.39 and a beta of 0.96. Paysign has a 52-week low of $1.80 and a 52-week high of $8.88.

Paysign (NASDAQ:PAYS) last issued its earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.04. Paysign had a return on equity of 19.18% and a net margin of 10.10%.The business had revenue of $21.60 million during the quarter, compared to analyst estimates of $19.92 million. Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. On average, sell-side analysts anticipate that Paysign will post 0.21 EPS for the current fiscal year.

Insider Transactions at Paysign

In other news, insider Robert Strobo sold 20,000 shares of Paysign stock in a transaction on Friday, December 12th. The stock was sold at an average price of $5.47, for a total value of $109,400.00. Following the transaction, the insider directly owned 327,290 shares in the company, valued at approximately $1,790,276.30. This trade represents a 5.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On Paysign

Several institutional investors and hedge funds have recently added to or reduced their stakes in PAYS. Nuveen LLC purchased a new stake in shares of Paysign during the first quarter valued at about $95,000. Goldman Sachs Group Inc. lifted its position in Paysign by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company’s stock valued at $548,000 after acquiring an additional 17,466 shares during the last quarter. Jane Street Group LLC purchased a new stake in Paysign during the first quarter valued at approximately $51,000. Strs Ohio acquired a new stake in Paysign in the first quarter valued at approximately $259,000. Finally, Rhumbline Advisers grew its holdings in Paysign by 5.2% in the first quarter. Rhumbline Advisers now owns 46,587 shares of the company’s stock worth $99,000 after purchasing an additional 2,303 shares during the last quarter. Hedge funds and other institutional investors own 25.89% of the company’s stock.

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.