Paysign (NASDAQ:PAYS) Upgraded by Wall Street Zen to “Strong-Buy” Rating

Wall Street Zen upgraded shares of Paysign (NASDAQ:PAYS) from a buy rating to a strong-buy rating in a research report released on Saturday morning.

Several other brokerages have also weighed in on PAYS. Barrington Research set a $11.00 price objective on shares of Paysign in a report on Monday, August 3rd. Lake Street Capital reaffirmed a “buy” rating and set a $13.00 price target on shares of Paysign in a research report on Thursday. DA Davidson lifted their price target on shares of Paysign from $9.00 to $12.00 and gave the company a “buy” rating in a report on Thursday. Finally, Weiss Ratings upgraded Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $12.00.

Paysign Stock Up 0.6%

Shares of NASDAQ:PAYS opened at $12.48 on Friday. The company has a market cap of $697.71 million, a P/E ratio of 48.00 and a beta of 0.74. The business has a fifty day simple moving average of $8.30 and a 200-day simple moving average of $6.10. Paysign has a 52 week low of $3.08 and a 52 week high of $12.85.

Paysign (NASDAQ:PAYS) last released its earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. Paysign had a return on equity of 31.70% and a net margin of 15.67%.The firm had revenue of $28.25 million for the quarter, compared to the consensus estimate of $26.36 million. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. Sell-side analysts expect that Paysign will post 0.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Paysign

In related news, EVP Joan M. Herman sold 100,000 shares of Paysign stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $8.01, for a total value of $801,000.00. Following the sale, the executive vice president directly owned 707,009 shares in the company, valued at $5,663,142.09. This trade represents a 12.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Newcomer sold 150,000 shares of Paysign stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $11.88, for a total value of $1,782,000.00. Following the sale, the chief executive officer directly owned 9,163,002 shares in the company, valued at $108,856,463.76. The trade was a 1.61% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 371,736 shares of company stock worth $3,585,479. 24.50% of the stock is owned by insiders.

Institutional Trading of Paysign

Hedge funds have recently modified their holdings of the business. Rhumbline Advisers boosted its position in Paysign by 4.7% during the 2nd quarter. Rhumbline Advisers now owns 48,770 shares of the company’s stock worth $351,000 after acquiring an additional 2,183 shares during the period. Invesco Ltd. increased its stake in shares of Paysign by 19.1% in the second quarter. Invesco Ltd. now owns 16,942 shares of the company’s stock worth $122,000 after purchasing an additional 2,716 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Paysign by 18.0% during the third quarter. Intech Investment Management LLC now owns 17,851 shares of the company’s stock worth $112,000 after buying an additional 2,723 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Paysign by 11.6% in the 3rd quarter. Alliancebernstein L.P. now owns 29,930 shares of the company’s stock valued at $188,000 after purchasing an additional 3,100 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Paysign by 99.8% during the third quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock worth $43,000 after buying an additional 3,453 shares in the last quarter. Hedge funds and other institutional investors own 25.89% of the company’s stock.

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.