Paysign, Inc. (NASDAQ:PAYS - Get Free Report) shares crossed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $13.87 and traded as low as $12.32. Paysign shares last traded at $12.51, with a volume of 2,641,194 shares.
Analysts Set New Price Targets
Several brokerages have recently weighed in on PAYS. Lake Street Capital lifted their price target on Paysign from $13.00 to $15.00 and gave the company a "buy" rating in a research report on Tuesday, September 15th. Weiss Ratings upgraded Paysign from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Wall Street Zen lowered Paysign from a "strong-buy" rating to a "buy" rating in a report on Sunday, August 16th. Barrington Research set a $15.00 price target on Paysign in a research report on Tuesday, August 11th. Finally, DA Davidson increased their price target on shares of Paysign from $12.00 to $15.00 and gave the stock a "buy" rating in a report on Wednesday, September 30th. Three investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, Paysign presently has a consensus rating of "Buy" and an average price target of $15.00.
Check Out Our Latest Research Report on Paysign
Paysign Stock Down 14.8%
The company has a 50-day moving average of $13.87 and a 200 day moving average of $8.60. The firm has a market capitalization of $706.31 million, a PE ratio of 48.12 and a beta of 0.92.
Paysign (NASDAQ:PAYS - Get Free Report) last released its quarterly earnings results on Monday, November 9th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. The business had revenue of $30.80 million during the quarter, compared to analysts' expectations of $29.02 million. Paysign had a net margin of 15.67% and a return on equity of 30.13%. As a group, equities analysts anticipate that Paysign, Inc. will post 0.58 EPS for the current fiscal year.
Insider Activity at Paysign
In other Paysign news, EVP Joan M. Herman sold 38,900 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of $11.74, for a total value of $456,686.00. Following the completion of the transaction, the executive vice president owned 609,421 shares in the company, valued at approximately $7,154,602.54. This represents a 6.00% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael C. Ngo sold 79,925 shares of the firm's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $12.74, for a total value of $1,018,244.50. Following the transaction, the insider directly owned 2,350,000 shares of the company's stock, valued at $29,939,000. This represents a 3.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 294,904 shares of company stock worth $3,844,124. 24.50% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Paysign in the 2nd quarter worth approximately $25,219,000. Punch & Associates Investment Management Inc. purchased a new position in shares of Paysign in the 2nd quarter worth about $16,983,000. Renaissance Technologies LLC boosted its stake in Paysign by 17.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company's stock worth $9,033,000 after purchasing an additional 227,300 shares in the last quarter. AWM Investment Company Inc. bought a new position in Paysign in the 2nd quarter worth about $6,560,000. Finally, Dimensional Fund Advisors LP grew its position in Paysign by 16.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 575,619 shares of the company's stock valued at $3,396,000 after purchasing an additional 82,736 shares during the last quarter. 25.89% of the stock is currently owned by institutional investors.
About Paysign
(
Get Free Report)
Paysign, Inc NASDAQ: PAYS is a financial technology company that provides payment and prepaid card solutions for businesses and organizations. Its platform supports the issuance, distribution and management of branded prepaid cards and other electronic payment products, helping clients deliver funds to consumers and program participants.
The company serves several specialized markets, including plasma collection centers, pharmaceutical manufacturers and other healthcare-related organizations.
Further Reading
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