Paysign, Inc. (NASDAQ:PAYS - Get Free Report) CEO Mark Newcomer sold 19,693 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $4.51, for a total value of $88,815.43. Following the sale, the chief executive officer now directly owns 8,748,886 shares of the company's stock, valued at approximately $39,457,475.86. This represents a 0.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Mark Newcomer also recently made the following trade(s):
- On Wednesday, June 11th, Mark Newcomer sold 8,000 shares of Paysign stock. The shares were sold at an average price of $5.00, for a total value of $40,000.00.
- On Tuesday, June 10th, Mark Newcomer sold 31,500 shares of Paysign stock. The shares were 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 shares were sold at an average price of $5.00, for a total value of $232,500.00.
- On Monday, June 2nd, Mark Newcomer sold 307 shares of Paysign stock. The shares were 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 Trading Up 4.1%
PAYS traded up $0.20 during midday trading on Thursday, hitting $5.05. The company's stock had a trading volume of 345,936 shares, compared to its average volume of 231,679. The firm has a market cap of $273.80 million, a P/E ratio of 33.67 and a beta of 0.60. The firm has a 50-day moving average price of $3.05 and a two-hundred day moving average price of $2.89. Paysign, Inc. has a 52-week low of $1.80 and a 52-week high of $5.59.
Paysign (NASDAQ:PAYS - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $18.60 million during the quarter, compared to analysts' expectations of $17.49 million. Paysign had a return on equity of 30.64% and a net margin of 14.28%. On average, equities analysts expect that Paysign, Inc. will post 0.21 EPS for the current year.
Wall Street Analyst Weigh In
PAYS has been the subject of a number of recent research reports. DA Davidson lifted 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. Lake Street Capital lifted their price objective on Paysign from $6.00 to $7.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Barrington Research reiterated an "outperform" rating and set a $7.00 price objective on shares of Paysign in a research report on Wednesday, March 26th. Finally, LADENBURG THALM/SH SH lifted their price objective on Paysign from $7.25 to $8.25 and gave the stock a "buy" rating in a research report on Friday, May 9th.
Read Our Latest Research Report on Paysign
Hedge Funds Weigh In On Paysign
Several hedge funds and other institutional investors have recently modified their holdings of the company. PDT Partners LLC acquired a new position in Paysign during the 4th quarter worth approximately $39,000. Royce & Associates LP grew its stake in Paysign by 36.5% during the 1st quarter. Royce & Associates LP now owns 19,319 shares of the company's stock worth $41,000 after buying an additional 5,166 shares during the last quarter. Wells Fargo & Company MN boosted its position in Paysign by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 15,385 shares of the company's stock worth $46,000 after acquiring an additional 5,243 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Paysign by 33.5% in the fourth quarter. SG Americas Securities LLC now owns 15,508 shares of the company's stock valued at $47,000 after buying an additional 3,895 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Paysign during the first quarter valued at $51,000. 25.89% of the stock is owned by institutional investors and hedge funds.
Paysign Company Profile
(
Get Free Report)
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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