Paysign (NASDAQ:PAYS) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Paysign (NASDAQ:PAYS) from a hold rating to a buy rating in a research note issued to investors on Saturday morning.

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Paysign in a research note on Thursday, January 22nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $8.56.

Paysign Stock Performance

NASDAQ PAYS opened at $3.44 on Friday. The firm’s fifty day moving average is $3.98 and its two-hundred day moving average is $4.91. Paysign has a one year low of $1.80 and a one year high of $8.88. The firm has a market cap of $189.35 million, a PE ratio of 26.46 and a beta of 0.99.

Hedge Funds Weigh In On Paysign

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Paysign during the second quarter worth $30,000. BNP Paribas Financial Markets increased its position in shares of Paysign by 99.8% in the third quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock valued at $43,000 after buying an additional 3,453 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its stake in shares of Paysign by 381.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,876 shares of the company’s stock worth $51,000 after buying an additional 7,825 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Paysign during the 1st quarter worth $51,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Paysign in the 4th quarter worth about $52,000. 25.89% of the stock is owned by institutional investors and hedge funds.

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.