Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer Sells 46,500 Shares

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) CEO Mark Newcomer sold 46,500 shares of the business's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $5.00, for a total value of $232,500.00. Following the completion of the sale, the chief executive officer now owns 8,702,386 shares in the company, valued at $43,511,930. This represents a 0.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, June 5th, Mark Newcomer sold 19,693 shares of Paysign stock. The shares were 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 value of $757,680.00.

Paysign Stock Up 0.4%

NASDAQ PAYS traded up $0.02 during mid-day trading on Monday, hitting $4.95. The stock had a trading volume of 513,258 shares, compared to its average volume of 228,960. Paysign, Inc. has a 52-week low of $1.80 and a 52-week high of $5.59. The company has a market cap of $268.38 million, a price-to-earnings ratio of 33.00 and a beta of 0.60. The company has a 50 day simple moving average of $2.88 and a 200 day simple moving average of $2.85.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on PAYS shares. LADENBURG THALM/SH SH lifted their price target on shares of Paysign from $7.25 to $8.25 and gave the stock a "buy" rating in a research note on Friday, May 9th. Barrington Research reaffirmed an "outperform" rating and set a $7.00 price objective on shares of Paysign in a research report on Wednesday, March 26th. DA Davidson increased their price objective on Paysign from $5.00 to $6.00 and gave the stock a "buy" rating in a research report on Wednesday, May 14th. Finally, Lake Street Capital raised their price target on Paysign from $6.00 to $7.00 and gave the company a "buy" rating in a report on Friday, May 9th.

Hedge Funds Weigh In On Paysign

Several hedge funds have recently bought and sold shares of PAYS. SG Americas Securities LLC increased its stake in Paysign by 33.5% in the 4th quarter. SG Americas Securities LLC now owns 15,508 shares of the company's stock valued at $47,000 after purchasing an additional 3,895 shares in the last quarter. Rhumbline Advisers increased its position in Paysign by 13.7% during the fourth quarter. Rhumbline Advisers now owns 44,284 shares of the company's stock worth $134,000 after buying an additional 5,339 shares in the last quarter. Bank of New York Mellon Corp increased its position in Paysign by 31.3% during the fourth quarter. Bank of New York Mellon Corp now owns 94,515 shares of the company's stock worth $285,000 after buying an additional 22,548 shares in the last quarter. Bard Associates Inc. increased its position in Paysign by 19.7% during the fourth quarter. Bard Associates Inc. now owns 33,450 shares of the company's stock worth $101,000 after buying an additional 5,497 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Paysign during the fourth quarter worth $78,000. 25.89% of the stock is owned by hedge funds and other institutional investors.

Paysign Company Profile

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.

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