Paysign, Inc. (NASDAQ:PAYS) Insider Sells $188,033.89 in Stock

Key Points

• Robert Strobo, an insider at Paysign, Inc., sold 26,521 shares for a total of $188,033.89, resulting in a 9.69% decrease in their ownership stake.
• Paysign recently reported a quarterly earnings of $0.05 EPS, beating estimates, with revenue of $18.60 million, exceeding analyst expectations.
• Analysts have set a target price for Paysign shares, with recent estimates ranging from $8.00 to $9.00, indicating potential growth opportunities.

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) insider Robert Strobo sold 26,521 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7.09, for a total transaction of $188,033.89. Following the completion of the sale, the insider owned 247,290 shares in the company, valued at $1,753,286.10. The trade was a 9.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Paysign Price Performance

Shares of NASDAQ PAYS traded up $0.02 during trading on Monday, hitting $7.16. The stock had a trading volume of 949,589 shares, compared to its average volume of 954,471. Paysign, Inc. has a 12 month low of $1.80 and a 12 month high of $8.88. The company has a market capitalization of $388.22 million, a PE ratio of 65.10 and a beta of 0.78. The firm has a fifty day moving average of $6.45 and a two-hundred day moving average of $3.93.

Paysign (NASDAQ:PAYS - Get Free Report) last issued its quarterly earnings results 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 9.55% and a return on equity of 19.49%. The business had revenue of $18.60 million for the quarter, compared to analysts' expectations of $17.49 million. On average, equities analysts expect that Paysign, Inc. will post 0.21 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PAYS. Two Sigma Investments LP raised its holdings in Paysign by 98.8% during the 4th quarter. Two Sigma Investments LP now owns 181,775 shares of the company's stock valued at $549,000 after buying an additional 90,346 shares during the period. Millennium Management LLC raised its holdings in Paysign by 123.6% during the 4th quarter. Millennium Management LLC now owns 325,334 shares of the company's stock valued at $983,000 after buying an additional 179,814 shares during the period. Dimensional Fund Advisors LP raised its holdings in Paysign by 51.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 267,899 shares of the company's stock valued at $809,000 after buying an additional 90,702 shares during the period. Renaissance Technologies LLC raised its holdings in Paysign by 11.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,501,622 shares of the company's stock valued at $4,535,000 after buying an additional 149,200 shares during the period. Finally, 1248 Management LLC purchased a new stake in Paysign during the 4th quarter valued at $2,778,000. 25.89% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PAYS has been the topic of a number of analyst reports. DA Davidson set a $8.00 target price on shares of Paysign in a research note on Friday, June 13th. Lake Street Capital upped their target price on shares of Paysign from $7.00 to $9.00 and gave the stock a "buy" rating in a research report on Thursday, June 26th. Finally, LADENBURG THALM/SH SH upped their target price on shares of Paysign from $7.25 to $8.25 and gave the stock a "buy" rating in a research report on Friday, May 9th.

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.

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