Brokerages Set Paysign, Inc. (NASDAQ:PAYS) PT at $8.56

Paysign, Inc. (NASDAQ:PAYS) has received an average rating of “Moderate Buy” from the five analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $8.5625.

Several brokerages recently weighed in on PAYS. Weiss Ratings restated a “hold (c)” rating on shares of Paysign in a research report on Wednesday, October 8th. Wall Street Zen raised Paysign from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Finally, DA Davidson restated a “buy” rating and issued a $9.00 price target on shares of Paysign in a research note on Thursday, November 13th.

Insiders Place Their Bets

In other Paysign news, insider Robert Strobo sold 20,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $5.47, for a total transaction of $109,400.00. Following the sale, the insider owned 327,290 shares of the company’s stock, valued at approximately $1,790,276.30. The trade was a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 22.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Paysign

Several hedge funds have recently modified their holdings of the company. Penbrook Management LLC acquired a new position in Paysign in the 4th quarter worth about $159,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Paysign during the third quarter valued at about $1,640,000. PharVision Advisers LLC bought a new stake in shares of Paysign during the third quarter worth about $327,000. Verition Fund Management LLC acquired a new position in shares of Paysign in the third quarter valued at approximately $207,000. Finally, Quarry LP bought a new position in Paysign in the 3rd quarter valued at approximately $54,000. Institutional investors and hedge funds own 25.89% of the company’s stock.

Paysign Trading Down 4.2%

Shares of Paysign stock opened at $4.84 on Friday. The company has a market cap of $266.39 million, a PE ratio of 37.23 and a beta of 0.96. The company has a 50 day moving average of $5.22 and a 200-day moving average of $5.90. Paysign has a 1-year low of $1.80 and a 1-year high of $8.88.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings data on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Paysign had a net margin of 10.10% and a return on equity of 19.18%. The business had revenue of $21.60 million for the quarter, compared to analysts’ expectations of $19.92 million. Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. Research analysts forecast that Paysign will post 0.21 earnings per share for the current year.

Paysign Company Profile

Paysign, Inc (NASDAQ:PAYS) is a U.S.-based financial technology company specializing in prepaid payment solutions. Through its cloud-based platform, the company enables corporations, government agencies and payroll providers to issue and manage stored-value cards, digital wallets and disbursement programs. Paysign’s offerings span gift and incentive cards, payroll and earned-wage access cards, government benefit distribution, tax refund solutions and health savings account disbursements.

The company’s flagship Paysign Experience Platform provides configurable card programs with real-time transaction reporting, fraud monitoring and regulatory compliance tools.