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

Paysign, Inc. (NASDAQ:PAYS) has received an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $8.5625.

Several brokerages have recently commented on PAYS. Wall Street Zen upgraded Paysign from a “hold” rating to a “buy” rating in a research report on Saturday, November 15th. DA Davidson reaffirmed a “buy” rating and issued a $9.00 target price on shares of Paysign in a research note on Thursday, November 13th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Paysign in a research note on Thursday, January 22nd.

Insiders Place Their Bets

In other Paysign news, insider Robert Strobo sold 20,000 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $5.47, for a total transaction of $109,400.00. Following the completion of the sale, the insider directly owned 327,290 shares in the company, valued at $1,790,276.30. This represents a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 22.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Paysign

Hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Paysign during the second quarter valued at about $392,000. Total Clarity Wealth Management Inc. bought a new stake in shares of Paysign in the second quarter worth about $371,000. Palisades Investment Partners LLC purchased a new position in Paysign during the 3rd quarter valued at about $5,646,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Paysign during the 2nd quarter valued at approximately $869,000. Finally, R Squared Ltd purchased a new stake in Paysign in the 2nd quarter worth approximately $108,000. Institutional investors own 25.89% of the company’s stock.

Paysign Price Performance

Shares of PAYS opened at $4.26 on Thursday. Paysign has a 1-year low of $1.80 and a 1-year high of $8.88. The company has a market capitalization of $234.47 million, a P/E ratio of 32.77 and a beta of 0.96. The firm’s 50 day simple moving average is $5.04 and its 200 day simple moving average is $5.60.

Paysign (NASDAQ:PAYS) last issued its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Paysign had a net margin of 10.10% and a return on equity of 19.18%. The firm had revenue of $21.60 million for the quarter, compared to analyst estimates of $19.92 million. Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. On average, equities analysts anticipate that Paysign will post 0.21 earnings per share for the current year.

About Paysign

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.