Paysign (PAYS) Expected to Announce Quarterly Earnings on Tuesday

Paysign (NASDAQ:PAYS) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, March 25th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $15.42 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Paysign Stock Performance

NASDAQ:PAYS opened at $2.34 on Monday. The stock has a market cap of $125.30 million, a price-to-earnings ratio of 15.60 and a beta of 0.93. Paysign has a 1 year low of $2.25 and a 1 year high of $5.59. The business has a fifty day moving average of $2.69 and a 200-day moving average of $3.28.

Insider Buying and Selling at Paysign

In related news, CEO Mark Newcomer sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of $2.73, for a total value of $273,000.00. Following the sale, the chief executive officer now directly owns 8,936,886 shares in the company, valued at $24,397,698.78. The trade was a 1.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Topline Capital Management, Ll sold 231,187 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $3.31, for a total transaction of $765,228.97. Following the sale, the insider now directly owns 5,859,046 shares of the company’s stock, valued at approximately $19,393,442.26. This represents a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 927,087 shares of company stock valued at $2,872,039. 23.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Lake Street Capital initiated coverage on shares of Paysign in a research report on Friday, December 20th. They issued a “buy” rating and a $6.00 target price for the company.

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.