Paysign (NASDAQ:PAYS) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Paysign (NASDAQ:PAYS) from a buy rating to a hold rating in a research note published on Saturday.

Other research analysts also recently issued research reports about the stock. DA Davidson reiterated a “buy” rating and set a $9.00 price target on shares of Paysign in a research report on Thursday, November 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Paysign in a research note on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Paysign has a consensus rating of “Moderate Buy” and an average target price of $8.56.

Paysign Stock Performance

NASDAQ PAYS opened at $3.72 on Friday. Paysign has a twelve month low of $1.80 and a twelve month high of $8.88. The stock has a market cap of $204.75 million, a PE ratio of 28.62 and a beta of 0.96. The firm has a 50-day simple moving average of $4.86 and a 200 day simple moving average of $5.41.

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

Insider Buying and Selling

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Palisades Investment Partners LLC bought a new position in Paysign in the third quarter valued at $5,646,000. Punch & Associates Investment Management Inc. bought a new position in shares of Paysign in the 3rd quarter valued at about $3,477,000. Royce & Associates LP increased its position in shares of Paysign by 150.0% in the third quarter. Royce & Associates LP now owns 622,577 shares of the company’s stock valued at $3,916,000 after acquiring an additional 373,519 shares during the last quarter. New York State Common Retirement Fund increased its position in shares of Paysign by 2,943.3% in the third quarter. New York State Common Retirement Fund now owns 385,732 shares of the company’s stock valued at $2,426,000 after acquiring an additional 373,057 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in Paysign by 139.5% during the third quarter. Two Sigma Investments LP now owns 504,887 shares of the company’s stock worth $3,176,000 after acquiring an additional 294,041 shares in the last quarter. 25.89% of the stock is owned by institutional investors and hedge funds.

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.