Paysign (NASDAQ:PAYS) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• Paysign reported $0.02 EPS, missing the consensus by $0.01, while revenue beat expectations at $22.76 million versus $21.54 million estimated.
• Shares traded up 12.9% to $3.77 on heavy volume (about 2.16M shares vs. a 370K average), giving the company a market cap of roughly $207.5M and a P/E of 29.
• Analysts hold a consensus rating of "Moderate Buy" with a $8.56 price target, and the company shows profitability metrics including a 19.18% ROE and a 10.10% net margin.

Paysign (NASDAQ:PAYS - Get Free Report) issued its earnings results on Tuesday. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01), FiscalAI reports. The firm had revenue of $22.76 million during the quarter, compared to analysts' expectations of $21.54 million. Paysign had a return on equity of 19.18% and a net margin of 10.10%.

Paysign Trading Up 12.9%

Shares of PAYS stock traded up $0.43 during trading hours on Tuesday, reaching $3.77. The company's stock had a trading volume of 2,157,011 shares, compared to its average volume of 369,644. The stock has a market capitalization of $207.51 million, a P/E ratio of 29.00 and a beta of 0.99. The firm's fifty day simple moving average is $3.79 and its 200 day simple moving average is $4.83. Paysign has a one year low of $1.80 and a one year high of $8.88.

Hedge Funds Weigh In On Paysign

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in Paysign during the 2nd quarter valued at approximately $30,000. BNP Paribas Financial Markets boosted its holdings in shares of Paysign by 99.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company's stock valued at $43,000 after buying an additional 3,453 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Paysign in the 1st quarter worth about $51,000. Quarry LP bought a new stake in Paysign during the third quarter worth about $54,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Paysign during the third quarter valued at approximately $67,000. Hedge funds and other institutional investors own 25.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on PAYS shares. Weiss Ratings reiterated a "hold (c)" rating on shares of Paysign in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of Paysign from a "buy" rating to a "hold" rating in a report on Sunday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Paysign currently has a consensus rating of "Moderate Buy" and a consensus price target of $8.56.

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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