Paysign (NASDAQ:PAYS) Shares Down 5.3% – Here’s What Happened

Paysign, Inc. (NASDAQ:PAYS)’s share price was down 5.3% during mid-day trading on Wednesday . The stock traded as low as $13.44 and last traded at $13.3910. Approximately 181,780 shares were traded during trading, a decline of 74% from the average daily volume of 693,141 shares. The stock had previously closed at $14.14.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. DA Davidson increased their price objective on shares of Paysign from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen cut Paysign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. Barrington Research set a $15.00 target price on shares of Paysign in a research note on Tuesday, August 11th. Weiss Ratings upgraded shares of Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Finally, Lake Street Capital reiterated a “buy” rating and issued a $13.00 target price on shares of Paysign in a report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $13.33.

Paysign Stock Performance

The firm has a 50 day moving average of $9.83 and a two-hundred day moving average of $6.88. The stock has a market cap of $749.17 million, a P/E ratio of 51.04 and a beta of 0.74.

Paysign (NASDAQ:PAYS) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.05. Paysign had a return on equity of 30.13% and a net margin of 15.67%.The firm had revenue of $28.25 million for the quarter, compared to analyst estimates 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. On average, sell-side analysts anticipate that Paysign, Inc. will post 0.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Jeffery Bradford Baker sold 35,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $12.62, for a total value of $441,700.00. Following the completion of the sale, the chief financial officer directly owned 542,171 shares in the company, valued at approximately $6,842,198.02. This trade represents a 6.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark Newcomer sold 150,000 shares of the business’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $11.88, for a total transaction of $1,782,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,163,002 shares of the company’s stock, valued at approximately $108,856,463.76. This represents a 1.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 384,202 shares of company stock valued at $3,869,216. 24.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new stake in shares of Paysign in the 2nd quarter valued at approximately $30,000. California State Teachers Retirement System raised its holdings in Paysign by 114.4% in the second quarter. California State Teachers Retirement System now owns 4,038 shares of the company’s stock worth $33,000 after purchasing an additional 2,155 shares during the period. Legal & General Group Plc acquired a new stake in Paysign in the second quarter worth $35,000. BNP Paribas Financial Markets boosted its position in shares of 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 purchasing an additional 3,453 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Paysign by 381.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 9,876 shares of the company’s stock worth $51,000 after purchasing an additional 7,825 shares in the last quarter. 25.89% of the stock is currently owned by institutional investors.

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.