Paysign (NASDAQ:PAYS) Cut to Hold at Wall Street Zen

Paysign (NASDAQ:PAYS) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Several other research firms have also issued reports on PAYS. Weiss Ratings reissued a “hold (c)” rating on shares of Paysign in a research report on Thursday, January 22nd. DA Davidson reiterated a “buy” rating and issued a $9.00 price target on shares of Paysign in a report on Thursday, November 13th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.56.

Paysign Price Performance

Shares of NASDAQ:PAYS opened at $3.72 on Friday. The firm has a market capitalization of $204.75 million, a PE ratio of 28.62 and a beta of 0.96. Paysign has a 12 month low of $1.80 and a 12 month high of $8.88. The business has a 50-day moving average of $4.86 and a two-hundred day moving average of $5.43.

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

Insiders Place Their Bets

In related news, insider Robert Strobo sold 20,000 shares of Paysign stock in a transaction on Friday, December 12th. The shares were sold at an average price of $5.47, for a total transaction of $109,400.00. Following the sale, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 22.40% of the company’s stock.

Hedge Funds Weigh In On Paysign

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of Paysign during the second quarter valued at about $30,000. BNP Paribas Financial Markets grew its stake in Paysign by 99.8% during the 3rd 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 in the last quarter. Jane Street Group LLC purchased a new stake in Paysign during the 1st quarter worth approximately $51,000. SG Americas Securities LLC acquired a new position in shares of Paysign in the 4th quarter valued at approximately $52,000. Finally, Quarry LP acquired a new position in shares of Paysign in the 3rd quarter valued at approximately $54,000. 25.89% of the stock is owned by hedge funds and other institutional investors.

About Paysign

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.