Zacks: PaySign, Inc. (NASDAQ:PAYS) Receives Consensus Rating of “Buy” from Brokerages

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PaySign, Inc. (NASDAQ:PAYS) has received a consensus broker rating score of 1.50 (Buy) from the four analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and three have issued a strong buy rating on the company. PaySign’s rating score has declined by 50% from 90 days ago as a result of various analysts’ upgrades and downgrades.

Brokers have set a 1 year consensus price objective of $11.88 for the company, according to Zacks. Zacks has also assigned PaySign an industry rank of 92 out of 256 based on the ratings given to related companies.

Several brokerages have commented on PAYS. LADENBURG THALM/SH SH reiterated a “buy” rating on shares of Intec Pharma in a research note on Thursday, May 16th. Canaccord Genuity reiterated a “buy” rating and issued a C$10.00 price target on shares of Stingray Group in a research note on Tuesday, July 2nd. BTIG Research cut shares of PaySign from a “buy” rating to a “neutral” rating and set a $12.10 target price on the stock. in a research report on Monday, June 17th. Finally, Maxim Group set a $7.00 target price on shares of Eagle Bulk Shipping and gave the company a “buy” rating in a research report on Wednesday, May 8th.

PAYS traded down $0.06 during mid-day trading on Friday, reaching $16.95. 13,265 shares of the company traded hands, compared to its average volume of 1,504,953. The firm has a market cap of $803.38 million, a PE ratio of 191.00 and a beta of 0.74. The stock’s fifty day moving average is $12.68. PaySign has a 52-week low of $2.40 and a 52-week high of $17.70.

PaySign (NASDAQ:PAYS) last issued its earnings results on Tuesday, May 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The company had revenue of $7.26 million during the quarter. PaySign had a net margin of 11.72% and a return on equity of 66.72%. As a group, sell-side analysts forecast that PaySign will post 0.25 earnings per share for the current year.

An institutional investor recently bought a new position in PaySign stock. Hennessy Advisors Inc. bought a new position in PaySign, Inc. (NASDAQ:PAYS) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 40,000 shares of the company’s stock, valued at approximately $535,000. Hennessy Advisors Inc. owned approximately 0.08% of PaySign at the end of the most recent reporting period. 11.35% of the stock is owned by institutional investors and hedge funds.

PaySign Company Profile

PaySign, Inc provides prepaid card programs and processing services under the PaySign brand to corporations, government agencies, universities, and other organizations. The company offers various services, including transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service through PaySign, a proprietary card-processing platform.

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