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

Paysign, Inc. (NASDAQ:PAYS) has been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $8.5625.

Several brokerages have commented on PAYS. Wall Street Zen upgraded shares of Paysign from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. DA Davidson reissued a “buy” rating and issued a $9.00 target price on shares of Paysign in a research report on Thursday, November 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Paysign in a research report on Thursday, January 22nd.

Insider Activity at Paysign

In other news, insider Robert Strobo sold 20,000 shares of the business’s 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 in the company, valued at approximately $1,790,276.30. The trade was a 5.76% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 22.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC purchased a new stake in Paysign in the second quarter worth about $392,000. Total Clarity Wealth Management Inc. bought a new stake in shares of Paysign in the 2nd quarter worth approximately $371,000. Palisades Investment Partners LLC purchased a new stake in shares of Paysign in the 3rd quarter worth approximately $5,646,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Paysign in the 2nd quarter worth approximately $869,000. Finally, R Squared Ltd bought a new position in Paysign during the 2nd quarter valued at approximately $108,000. 25.89% of the stock is owned by hedge funds and other institutional investors.

Paysign Stock Down 2.3%

NASDAQ:PAYS opened at $4.26 on Thursday. The firm’s fifty day simple moving average is $5.04 and its 200 day simple moving average is $5.60. The stock has a market cap of $234.47 million, a P/E ratio of 32.77 and a beta of 0.96. Paysign has a twelve month low of $1.80 and a twelve month high of $8.88.

Paysign (NASDAQ:PAYS) last posted its earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. The firm had revenue of $21.60 million during the quarter, compared to analysts’ expectations 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. On average, analysts expect that Paysign will post 0.21 EPS for the current fiscal year.

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.