Mark Newcomer Sells 8,000 Shares of Paysign, Inc. (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) CEO Mark Newcomer sold 8,000 shares of Paysign stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $5.00, for a total value of $40,000.00. Following the transaction, the chief executive officer now directly owns 8,662,886 shares of the company's stock, valued at $43,314,430. This trade represents a 0.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Mark Newcomer also recently made the following trade(s):

• On Tuesday, June 10th, Mark Newcomer sold 31,500 shares of Paysign stock. The stock was sold at an average price of $5.00, for a total value of $157,500.00.
• On Monday, June 9th, Mark Newcomer sold 46,500 shares of Paysign stock. The stock was sold at an average price of $5.00, for a total value of $232,500.00.
• On Thursday, June 5th, Mark Newcomer sold 19,693 shares of Paysign stock. The stock was sold at an average price of $4.51, for a total value of $88,815.43.
• On Monday, June 2nd, Mark Newcomer sold 307 shares of Paysign stock. The stock was sold at an average price of $4.50, for a total value of $1,381.50.
• On Thursday, May 29th, Mark Newcomer sold 168,000 shares of Paysign stock. The shares were sold at an average price of $4.51, for a total transaction of $757,680.00.

Paysign Trading Down 3.8%

Shares of NASDAQ PAYS traded down $0.19 on Friday, reaching $4.86. 411,659 shares of the company traded hands, compared to its average volume of 233,151. Paysign, Inc. has a fifty-two week low of $1.80 and a fifty-two week high of $5.59. The company has a 50 day moving average of $3.17 and a 200 day moving average of $2.91. The stock has a market capitalization of $263.50 million, a PE ratio of 32.40 and a beta of 0.60.

Paysign (NASDAQ:PAYS - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.05 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.01. Paysign had a net margin of 14.28% and a return on equity of 30.64%. The company had revenue of $18.60 million during the quarter, compared to the consensus estimate of $17.49 million. As a group, research analysts expect that Paysign, Inc. will post 0.21 earnings per share for the current year.

Hedge Funds Weigh In On Paysign

A number of institutional investors and hedge funds have recently bought and sold shares of PAYS. Rhumbline Advisers raised its position in shares of Paysign by 5.2% in the 1st quarter. Rhumbline Advisers now owns 46,587 shares of the company's stock valued at $99,000 after purchasing an additional 2,303 shares in the last quarter. Strs Ohio acquired a new position in shares of Paysign in the 1st quarter valued at approximately $259,000. Jane Street Group LLC acquired a new position in shares of Paysign in the 1st quarter valued at approximately $51,000. Goldman Sachs Group Inc. raised its position in shares of Paysign by 7.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company's stock valued at $548,000 after purchasing an additional 17,466 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Paysign in the 1st quarter valued at approximately $95,000. Hedge funds and other institutional investors own 25.89% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on PAYS shares. Lake Street Capital boosted their target price on shares of Paysign from $6.00 to $7.00 and gave the company a "buy" rating in a research note on Friday, May 9th. DA Davidson boosted their target price on shares of Paysign from $5.00 to $6.00 and gave the company a "buy" rating in a research note on Wednesday, May 14th. LADENBURG THALM/SH SH boosted their target price on shares of Paysign from $7.25 to $8.25 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, Barrington Research reissued an "outperform" rating and issued a $7.00 target price on shares of Paysign in a research note on Wednesday, March 26th.

About Paysign

Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card.