Bruce Mina Sells 10,000 Shares of Paysign (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) Director Bruce Mina sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $7.09, for a total transaction of $70,900.00. Following the completion of the transaction, the director directly owned 258,500 shares in the company, valued at $1,832,765. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Paysign Stock Down 2.2%

PAYS traded down $0.20 during trading on Friday, hitting $8.96. 270,218 shares of the company traded hands, compared to its average volume of 471,860. The firm has a market cap of $500.95 million, a P/E ratio of 52.71 and a beta of 0.72. The stock’s fifty day moving average is $7.95 and its 200 day moving average is $5.90. Paysign, Inc. has a one year low of $3.08 and a one year high of $9.49.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Tuesday, May 12th. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $28.04 million during the quarter, compared to the consensus estimate of $27.01 million. Paysign had a net margin of 11.38% and a return on equity of 21.74%. Paysign has set its Q2 2026 guidance at 0.060-0.070 EPS. On average, equities research analysts forecast that Paysign, Inc. will post 0.5 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PAYS. DA Davidson reaffirmed a “buy” rating and issued a $9.00 price target on shares of Paysign in a report on Wednesday, May 13th. Weiss Ratings raised Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday. Finally, Wall Street Zen downgraded Paysign from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 13th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $10.00.

Hedge Funds Weigh In On Paysign

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PAYS. Raymond James Financial Inc. purchased a new position in shares of Paysign in the second quarter worth about $30,000. BNP Paribas Financial Markets raised 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 purchasing an additional 3,453 shares during the period. Quarry LP bought a new stake in shares of Paysign in the third quarter valued at approximately $54,000. Caitong International Asset Management Co. Ltd lifted 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 valued at $51,000 after buying an additional 7,825 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Paysign during the 4th quarter valued at approximately $52,000. Institutional investors own 25.89% of the company’s stock.

About Paysign

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.