Bradley Kramer Cunningham Sells 10,000 Shares of Paysign (NASDAQ:PAYS) Stock

Key Points

• Paysign CTO Bradley Kramer Cunningham sold 10,000 shares at an average price of $7.30, totaling $73,000. The sale reduced his holdings by 2.77% and was made to cover tax withholding tied to vested equity awards.
• Paysign shares recently traded at $13.45, near their 52-week high of $14.43, with a market capitalization of approximately $759 million. The stock has risen well above its 200-day moving average of $7.34.
• The company exceeded quarterly expectations, reporting $0.11 in EPS versus a $0.06 consensus estimate and $28.25 million in revenue. Analysts maintain an overall “Buy” rating with an average price target of $13.33, while institutional ownership stands at 25.89%.

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) CTO Bradley Kramer Cunningham sold 10,000 shares of the business's stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $7.30, for a total value of $73,000.00. Following the sale, the chief technology officer owned 351,631 shares of the company's stock, valued at approximately $2,566,906.30. This represents a 2.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Paysign Stock Performance

Shares of NASDAQ PAYS traded up $0.49 during midday trading on Friday, hitting $13.45. 934,286 shares of the company's stock traded hands, compared to its average volume of 698,242. The firm has a fifty day moving average of $10.57 and a 200 day moving average of $7.34. Paysign, Inc. has a 1 year low of $3.08 and a 1 year high of $14.43. The stock has a market capitalization of $759.39 million, a price-to-earnings ratio of 51.73 and a beta of 0.80.

Paysign (NASDAQ:PAYS - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. Paysign had a net margin of 15.67% and a return on equity of 30.13%. The company had revenue of $28.25 million during the quarter, compared to analyst estimates of $26.36 million. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. On average, equities analysts anticipate that Paysign, Inc. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PAYS. Wall Street Zen lowered shares of Paysign from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 16th. Lake Street Capital restated a "buy" rating and set a $13.00 target price on shares of Paysign in a research note on Thursday, August 6th. Barrington Research set a $15.00 target price on shares of Paysign in a report on Tuesday, August 11th. DA Davidson increased their price target on Paysign from $9.00 to $12.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Finally, Weiss Ratings raised Paysign from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $13.33.

Institutional Investors Weigh In On Paysign

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Paysign in the second quarter worth $25,219,000. Punch & Associates Investment Management Inc. purchased a new position in Paysign during the second quarter valued at $16,983,000. AWM Investment Company Inc. purchased a new position in Paysign during the second quarter valued at $6,560,000. Two Sigma Investments LP increased its holdings in Paysign by 139.5% in the 3rd quarter. Two Sigma Investments LP now owns 504,887 shares of the company's stock valued at $3,176,000 after acquiring an additional 294,041 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in Paysign in the 3rd quarter worth $1,640,000. 25.89% of the stock is owned by hedge funds and other institutional investors.

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.

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