Paysign (NASDAQ:PAYS) Stock Price Up 0.9% - Time to Buy?

Key Points

• Paysign's stock (NASDAQ:PAYS) rose by 0.9% on Monday, closing at $5.45 after reaching a high of $5.58, with trading volume down 47% from its average.
• Analysts have a consensus "Buy" rating for Paysign, with price targets ranging from $8.25 to $10.00, reflecting positive expectations for the company's growth.
• The company reported $0.02 earnings per share for the last quarter, missing estimates by $0.02, but exceeded revenue expectations with $19.08 million in sales.

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) rose 0.9% on Monday . The company traded as high as $5.58 and last traded at $5.45. Approximately 469,486 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 882,896 shares. The stock had previously closed at $5.40.

Wall Street Analysts Forecast Growth

PAYS has been the subject of a number of research analyst reports. Lake Street Capital upped their price target on shares of Paysign from $9.00 to $10.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. DA Davidson set a $9.00 price target on shares of Paysign in a report on Thursday, August 7th. Finally, LADENBURG THALM/SH SH upped their price objective on shares of Paysign from $7.25 to $8.25 and gave the company a "buy" rating in a research note on Friday, May 9th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $8.56.

Paysign Stock Up 0.9%

The company has a market capitalization of $296.75 million, a PE ratio of 45.42 and a beta of 0.78. The business's 50 day simple moving average is $6.79 and its 200 day simple moving average is $4.25.

Paysign (NASDAQ:PAYS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.02 earnings per share (EPS) 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 19.32% and a net margin of 9.90%. Paysign has set its Q3 2025 guidance at EPS. FY 2025 guidance at 0.100-0.120 EPS. On average, analysts anticipate that Paysign, Inc. will post 0.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jeffery Bradford Baker sold 30,396 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $7.09, for a total value of $215,507.64. Following the completion of the sale, the chief financial officer directly owned 252,273 shares of the company's stock, valued at $1,788,615.57. This represents a 10.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joan M. Herman sold 14,160 shares of the stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $7.09, for a total transaction of $100,394.40. Following the completion of the sale, the executive vice president directly owned 821,583 shares of the company's stock, valued at $5,825,023.47. This trade represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 433,602 shares of company stock valued at $2,409,455 over the last ninety days. Insiders own 22.40% of the company's stock.

Hedge Funds Weigh In On Paysign

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAYS. Westwood Holdings Group Inc. bought a new position in shares of Paysign in the second quarter valued at approximately $86,000. Topline Capital Management LLC raised its position in shares of Paysign by 1.6% in the second quarter. Topline Capital Management LLC now owns 5,421,737 shares of the company's stock valued at $39,037,000 after purchasing an additional 85,591 shares during the period. Engineers Gate Manager LP bought a new position in shares of Paysign in the second quarter valued at approximately $90,000. Bank of America Corp DE raised its position in shares of Paysign by 164.2% in the second quarter. Bank of America Corp DE now owns 94,607 shares of the company's stock valued at $681,000 after purchasing an additional 58,803 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of Paysign by 8.1% in the second quarter. Ameriprise Financial Inc. now owns 193,880 shares of the company's stock valued at $1,396,000 after purchasing an additional 14,569 shares during the period. Institutional investors own 25.89% of the company's stock.

Paysign Company Profile

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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