Paysign, Inc. (NASDAQ:PAYS) Insider Sells $32,393.14 in Stock

Paysign, Inc. (NASDAQ:PAYS) insider Matthew Louis Lanford sold 8,038 shares of the business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $4.03, for a total transaction of $32,393.14. Following the transaction, the insider now directly owns 100,431 shares of the company’s stock, valued at approximately $404,736.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Paysign Stock Performance

Shares of NASDAQ:PAYS traded up $0.07 on Tuesday, hitting $4.02. 128,034 shares of the company were exchanged, compared to its average volume of 311,330. The company’s 50 day moving average price is $4.42 and its two-hundred day moving average price is $3.63. Paysign, Inc. has a one year low of $1.67 and a one year high of $5.09. The firm has a market capitalization of $212.98 million, a price-to-earnings ratio of 30.93 and a beta of 0.98.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.01 earnings per share (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 the consensus estimate of $12.46 million. Research analysts predict that Paysign, Inc. will post 0.19 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on PAYS. DA Davidson boosted their target price on shares of Paysign from $4.50 to $5.50 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Barrington Research reissued an “outperform” rating and set a $7.00 target price on shares of Paysign in a research report on Friday. Finally, Maxim Group boosted their target price on shares of Paysign from $5.50 to $6.00 and gave the stock a “buy” rating in a research report on Wednesday, May 8th.

Institutional Trading of Paysign

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Norden Group LLC increased its stake in 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 acquiring an additional 4,151 shares during the period. Bridge City Capital LLC bought a new stake in Paysign in the third quarter valued at about $61,000. Spouting Rock Asset Management LLC increased its stake in 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 acquiring an additional 10,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its stake in Paysign by 18.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company’s stock valued at $74,000 after acquiring an additional 5,874 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in Paysign by 49.7% in the first quarter. BNP Paribas Financial Markets now owns 39,452 shares of the company’s stock valued at $144,000 after acquiring an additional 13,093 shares during the period. Institutional investors own 25.89% of the company’s stock.

Paysign Company Profile

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.