Paysign, Inc. (NASDAQ:PAYS) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analysts: Paysign (NASDAQ:PAYS) carries an average rating of “Moderate Buy” from five covering firms (four buys, one hold) with a 12‑month average target price of $8.5625.
• Institutional activity: Firms including Goldman Sachs, Geode and Rhumbline have recently increased or initiated positions (Goldman Sachs now owns 258,334 shares) and roughly 25.89% of the company is held by institutions and hedge funds.
• Price & valuation: PAYS opened at $3.18, trades in a 12‑month range of $1.80–$8.88, has a market cap of about $175.0M and a P/E of 24.46, with 50‑ and 200‑day SMAs at $3.85 and $4.86 respectively.

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five research firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $8.5625.

PAYS has been the topic of several research reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Paysign in a research report on Thursday, January 22nd. Wall Street Zen upgraded Paysign from a "hold" rating to a "buy" rating in a report on Saturday, March 14th.

Institutional Trading of Paysign

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its stake in shares of Paysign by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company's stock worth $548,000 after purchasing an additional 17,466 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Paysign in the 1st quarter valued at $51,000. Rhumbline Advisers boosted its holdings in Paysign by 5.2% in the first quarter. Rhumbline Advisers now owns 46,587 shares of the company's stock worth $99,000 after purchasing an additional 2,303 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Paysign by 1.6% in the second quarter. Geode Capital Management LLC now owns 788,500 shares of the company's stock worth $5,679,000 after purchasing an additional 12,490 shares in the last quarter. Finally, CreativeOne Wealth LLC acquired a new position in Paysign during the second quarter worth $182,000. 25.89% of the stock is currently owned by institutional investors and hedge funds.

Paysign Stock Down 1.2%

Paysign stock opened at $3.18 on Friday. Paysign has a 12 month low of $1.80 and a 12 month high of $8.88. The stock has a market cap of $175.03 million, a P/E ratio of 24.46 and a beta of 0.99. The company's fifty day simple moving average is $3.85 and its 200-day simple moving average is $4.86.

About Paysign

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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