Paysign (NASDAQ:PAYS) Earns “Outperform” Rating from Barrington Research

Paysign (NASDAQ:PAYS)‘s stock had its “outperform” rating reiterated by stock analysts at Barrington Research in a report issued on Friday, Benzinga reports. They presently have a $7.00 price target on the stock. Barrington Research’s price target suggests a potential upside of 68.27% from the stock’s previous close.

A number of other analysts have also issued reports on the stock. DA Davidson boosted their price target on shares of Paysign from $4.50 to $5.50 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Maxim Group upped their target price on shares of Paysign from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th.

Paysign Trading Up 3.7 %

NASDAQ PAYS traded up $0.15 during trading hours on Friday, reaching $4.16. The company had a trading volume of 72,865 shares, compared to its average volume of 308,660. The stock has a 50-day moving average of $4.44 and a 200 day moving average of $3.58. Paysign has a 1-year low of $1.67 and a 1-year high of $5.09. The stock has a market capitalization of $220.40 million, a P/E ratio of 32.00 and a beta of 1.09.

Paysign (NASDAQ:PAYS) last posted its earnings results on Tuesday, May 7th. The company reported $0.01 EPS for the quarter. Paysign had a net margin of 13.77% and a return on equity of 32.75%. The company had revenue of $13.19 million for the quarter, compared to analysts’ expectations of $12.46 million. As a group, sell-side analysts predict that Paysign will post 0.19 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Norden Group LLC increased its position in shares of Paysign by 38.7% in the first quarter. Norden Group LLC now owns 14,883 shares of the company’s stock valued at $54,000 after buying an additional 4,151 shares in the last quarter. Bridge City Capital LLC purchased a new position in shares of Paysign in the third quarter valued at $61,000. Spouting Rock Asset Management LLC increased its position in shares of Paysign by 39.0% in the third quarter. Spouting Rock Asset Management LLC now owns 38,167 shares of the company’s stock valued at $74,000 after buying an additional 10,700 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in Paysign by 18.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company’s stock worth $74,000 after purchasing an additional 5,874 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Paysign by 49.7% during the 1st quarter. BNP Paribas Financial Markets now owns 39,452 shares of the company’s stock worth $144,000 after purchasing an additional 13,093 shares in the last quarter. Hedge funds and other institutional investors own 25.89% of the company’s stock.

About Paysign

Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card.