Insider Selling: Paysign, Inc. (NASDAQ:PAYS) EVP Sells 14,160 Shares of Stock

Key Points

• EVP Joan M. Herman of Paysign, Inc. sold 14,160 shares on August 4th for approximately $100,394.40, reducing her ownership by 1.69% and leaving her with about 821,583 shares valued at $5.83 million.
• Paysign's stock price increased to $7.16 on August 4th, with a market cap of $388.22 million and a 1-year trading range between $1.80 and $8.88.
• Analysts have set price targets for Paysign ranging from $8.00 to $9.00, with ratings indicating buying interest from firms such as LADENBURG THALM/SH SH and Lake Street Capital.

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) EVP Joan M. Herman sold 14,160 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $7.09, for a total transaction of $100,394.40. Following the sale, the executive vice president owned 821,583 shares of the company's stock, valued at $5,825,023.47. This trade represents a 1.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Paysign Stock Performance

PAYS traded down $0.37 during mid-day trading on Friday, reaching $5.53. 662,172 shares of the stock were exchanged, compared to its average volume of 492,824. The stock has a market capitalization of $300.00 million, a PE ratio of 46.21 and a beta of 0.78. The company has a 50 day moving average price of $6.64 and a two-hundred day moving average price of $4.01. Paysign, Inc. has a 1 year low of $1.80 and a 1 year high of $8.88.

Paysign (NASDAQ:PAYS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). The company had revenue of $19.08 million during the quarter, compared to analysts' expectations of $18.69 million. Paysign had a return on equity of 20.72% and a net margin of 9.90%. Sell-side analysts expect that Paysign, Inc. will post 0.21 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PAYS shares. LADENBURG THALM/SH SH lifted their price objective on shares of Paysign from $7.25 to $8.25 and gave the stock a "buy" rating in a report on Friday, May 9th. DA Davidson set a $9.00 price objective on shares of Paysign in a report on Thursday. Finally, Lake Street Capital lifted their price objective on shares of Paysign from $9.00 to $10.00 and gave the stock a "buy" rating in a report on Wednesday.

Hedge Funds Weigh In On Paysign

Hedge funds and other institutional investors have recently made changes to their positions in the stock. PDT Partners LLC purchased a new position in shares of Paysign in the 4th quarter worth about $39,000. R Squared Ltd purchased a new position in shares of Paysign in the 2nd quarter worth about $108,000. Wells Fargo & Company MN boosted its holdings in shares of Paysign by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,385 shares of the company's stock worth $46,000 after buying an additional 5,243 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Paysign by 36.5% in 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. Finally, Jane Street Group LLC purchased a new position in shares of Paysign in the 1st quarter worth about $51,000. 25.89% of the stock is owned by hedge funds and other institutional investors.

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.