Mark Newcomer Sells 61,000 Shares of Paysign, Inc. (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 61,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $2.89, for a total value of $176,290.00. Following the sale, the chief executive officer now directly owns 9,075,886 shares in the company, valued at approximately $26,229,310.54. This trade represents a 0.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Mark Newcomer also recently made the following trade(s):

• On Thursday, January 23rd, Mark Newcomer sold 12,000 shares of Paysign stock. The shares were sold at an average price of $2.85, for a total value of $34,200.00.
• On Monday, December 9th, Mark Newcomer sold 41,000 shares of Paysign stock. The shares were sold at an average price of $3.31, for a total value of $135,710.00.
• On Wednesday, November 20th, Mark Newcomer sold 25,000 shares of Paysign stock. The stock was sold at an average price of $3.27, for a total transaction of $81,750.00.
• On Monday, November 18th, Mark Newcomer sold 40,000 shares of Paysign stock. The shares were sold at an average price of $3.24, for a total transaction of $129,600.00.

Paysign Stock Performance

Paysign stock opened at $2.87 on Friday. The stock has a market capitalization of $153.69 million, a price-to-earnings ratio of 19.13 and a beta of 0.95. Paysign, Inc. has a 52-week low of $2.70 and a 52-week high of $5.59. The stock’s 50 day moving average price is $3.14 and its two-hundred day moving average price is $3.90.

Paysign (NASDAQ:PAYS) last issued its earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.02. Paysign had a net margin of 14.28% and a return on equity of 30.64%. The business had revenue of $15.26 million for the quarter, compared to analyst estimates of $14.96 million. During the same period in the prior year, the firm earned $0.02 earnings per share. On average, equities research analysts forecast that Paysign, Inc. will post 0.21 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PAYS shares. Barrington Research reissued an “outperform” rating and issued a $7.00 price objective on shares of Paysign in a research note on Monday, November 4th. Lake Street Capital began coverage on Paysign in a research note on Friday, December 20th. They issued a “buy” rating and a $6.00 price target for the company.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC increased its holdings in shares of Paysign by 33.5% during the fourth quarter. SG Americas Securities LLC now owns 15,508 shares of the company’s stock valued at $47,000 after acquiring an additional 3,895 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Paysign by 164.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 63,247 shares of the company’s stock valued at $232,000 after purchasing an additional 39,299 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in Paysign by 4.3% during the third quarter. Sanctuary Advisors LLC now owns 121,089 shares of the company’s stock worth $419,000 after buying an additional 5,000 shares during the last quarter. Barclays PLC lifted its stake in shares of Paysign by 327.4% in the third quarter. Barclays PLC now owns 47,090 shares of the company’s stock valued at $173,000 after buying an additional 36,071 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Paysign by 257.0% during the third quarter. BNP Paribas Financial Markets now owns 44,793 shares of the company’s stock valued at $164,000 after buying an additional 32,245 shares during the last quarter. 25.89% of the stock is owned by institutional investors and hedge funds.

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.