Paysign (NASDAQ:PAYS) Hits New 52-Week High - Still a Buy?

Key Points

• Paysign shares hit a new 52-week high of $15.09 and last traded at $14.95, with a market capitalization of about $844 million. Analysts maintain a consensus “Buy” rating and a $15.00 price target.
• The company exceeded quarterly expectations, reporting $0.11 EPS versus a $0.06 estimate and revenue of $28.25 million versus $26.36 million expected. Management forecast fiscal 2026 EPS of $0.35–$0.37.
• Despite increased institutional ownership, insiders sold 444,904 shares worth approximately $5.3 million over the past 90 days, while insiders retain a 24.5% stake.

Paysign, Inc. (NASDAQ:PAYS - Get Free Report)'s stock price reached a new 52-week high on Thursday. The company traded as high as $15.09 and last traded at $14.95, with a volume of 873426 shares trading hands. The stock had previously closed at $14.36.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PAYS shares. Lake Street Capital lifted their price target on Paysign from $13.00 to $15.00 and gave the company a "buy" rating in a report on Tuesday, September 15th. DA Davidson lifted their price objective on shares of Paysign from $12.00 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, September 30th. Wall Street Zen downgraded shares of Paysign from a "strong-buy" rating to a "buy" rating in a research report on Sunday, August 16th. Barrington Research set a $15.00 target price on Paysign in a report on Tuesday, August 11th. Finally, Weiss Ratings raised Paysign from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $15.00.

Paysign Price Performance

The company has a market cap of $844.08 million, a price-to-earnings ratio of 57.50 and a beta of 0.83. The firm has a fifty day simple moving average of $12.75 and a 200 day simple moving average of $8.98.

Paysign (NASDAQ:PAYS - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.06 by $0.05. The business had revenue of $28.25 million during the quarter, compared to analysts' expectations of $26.36 million. Paysign had a net margin of 15.67% and a return on equity of 30.13%. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. Analysts expect that Paysign, Inc. will post 0.58 earnings per share for the current year.

Insider Activity

In other news, CFO Jeffery Baker sold 35,000 shares of Paysign stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $12.62, for a total value of $441,700.00. Following the transaction, the chief financial officer directly owned 542,171 shares in the company, valued at approximately $6,842,198.02. The trade was a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Michael C. Ngo sold 79,925 shares of Paysign stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $12.74, for a total value of $1,018,244.50. Following the completion of the transaction, the insider owned 2,350,000 shares in the company, valued at $29,939,000. The trade was a 3.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 444,904 shares of company stock worth $5,328,124 in the last 90 days. Insiders own 24.50% of the company's stock.

Institutional Trading of Paysign

Several hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Paysign in the 2nd quarter worth approximately $25,219,000. Punch & Associates Investment Management Inc. acquired a new position in Paysign during the second quarter worth $16,983,000. AWM Investment Company Inc. acquired a new position in Paysign during the second quarter worth $6,560,000. Renaissance Technologies LLC boosted its position in Paysign by 17.4% in the first quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company's stock valued at $9,033,000 after buying an additional 227,300 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Paysign in the 2nd quarter worth approximately $1,629,000. Institutional investors own 25.89% of the company's stock.

Paysign Company Profile

Paysign, Inc NASDAQ: PAYS provides prepaid payment and financial technology solutions, with a focus on healthcare, pharmaceutical and other specialized markets. Its platform supports the issuance and management of prepaid cards, digital payments, account services and related payment-processing activities.

The company's healthcare offerings include patient assistance and copay programs that help pharmaceutical manufacturers distribute financial support to eligible patients. Paysign also provides payment and card solutions for plasma collection centers, including programs used to compensate plasma donors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.