Paysign, Inc. (NASDAQ:PAYS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Paysign, Inc. (NASDAQ:PAYS) have received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $8.5625.

A number of brokerages have recently issued reports on PAYS. Wall Street Zen raised shares of Paysign from a “hold” rating to a “buy” rating in a research report on Sunday, February 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Paysign in a report on Thursday, January 22nd. Finally, DA Davidson restated a “buy” rating and issued a $9.00 price target on shares of Paysign in a research report on Thursday, November 13th.

Paysign Trading Down 0.6%

Shares of NASDAQ PAYS opened at $3.28 on Monday. The firm has a 50 day moving average of $4.48 and a 200 day moving average of $5.10. The firm has a market capitalization of $180.53 million, a price-to-earnings ratio of 25.23 and a beta of 0.96. Paysign has a 12-month low of $1.80 and a 12-month high of $8.88.

Insider Transactions at Paysign

In related news, insider Robert Strobo sold 20,000 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $5.47, for a total value of $109,400.00. Following the completion of the sale, the insider directly owned 327,290 shares of the company’s stock, valued at approximately $1,790,276.30. This represents a 5.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 22.40% of the company’s stock.

Institutional Trading of Paysign

Several institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Paysign by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company’s stock valued at $548,000 after buying an additional 17,466 shares in the last quarter. Jane Street Group LLC bought a new stake in Paysign during the first quarter valued at about $51,000. Rhumbline Advisers lifted its position in shares of Paysign by 5.2% in the first quarter. Rhumbline Advisers now owns 46,587 shares of the company’s stock valued at $99,000 after acquiring an additional 2,303 shares in the last quarter. R Squared Ltd purchased a new position in shares of Paysign in the second quarter valued at about $108,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Paysign in the second quarter worth about $869,000. 25.89% of the stock is currently owned by institutional investors.

Paysign Company Profile

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.