Paysign, Inc. (NASDAQ:PAYS - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $13.30 and last traded at $12.9650, with a volume of 1710 shares. The stock had previously closed at $13.17.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the company. DA Davidson raised their target price on Paysign from $9.00 to $12.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Weiss Ratings upgraded Paysign from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, July 29th. Barrington Research set a $15.00 price objective on Paysign in a research note on Tuesday, August 11th. Lake Street Capital restated a "buy" rating and issued a $13.00 price objective on shares of Paysign in a report on Thursday, August 6th. Finally, Wall Street Zen cut shares of Paysign from a "strong-buy" rating to a "buy" rating in a research note on Sunday. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $13.33.
Check Out Our Latest Report on Paysign
Paysign Price Performance
The stock has a 50 day simple moving average of $8.87 and a two-hundred day simple moving average of $6.41. The company has a market cap of $734.04 million, a price-to-earnings ratio of 50.08 and a beta of 0.74.
Paysign (NASDAQ:PAYS - Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. Paysign had a return on equity of 30.13% and a net margin of 15.67%.The business had revenue of $28.25 million during the quarter, compared to the consensus estimate of $26.36 million. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. As a group, research analysts forecast that Paysign, Inc. will post 0.58 EPS for the current year.
Insider Activity at Paysign
In other news, Director Bruce A. Mina sold 10,000 shares of the firm's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $7.09, for a total transaction of $70,900.00. Following the completion of the transaction, the director directly owned 258,500 shares in the company, valued at $1,832,765. This trade represents a 3.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Joan M. Herman sold 100,000 shares of Paysign stock in a transaction on Friday, June 26th. The shares were sold at an average price of $8.01, for a total value of $801,000.00. Following the completion of the sale, the executive vice president directly owned 707,009 shares of the company's stock, valued at $5,663,142.09. The trade was a 12.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 406,736 shares of company stock worth $4,027,179. Company insiders own 24.50% of the company's stock.
Hedge Funds Weigh In On Paysign
Institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Paysign during the second quarter worth about $30,000. Legal & General Group Plc purchased a new stake in Paysign during the 2nd quarter worth approximately $35,000. BNP Paribas Financial Markets increased its stake in Paysign by 99.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company's stock worth $43,000 after buying an additional 3,453 shares during the period. EFG International AG acquired a new stake in Paysign during the 2nd quarter worth approximately $68,000. Finally, Quarry LP purchased a new position in Paysign in the 3rd quarter valued at approximately $54,000. 25.89% of the stock is owned by institutional investors and hedge funds.
About Paysign
(
Get Free Report)
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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