Paysign (NASDAQ:PAYS) Cut to “Buy” at Wall Street Zen
by Sarita Garza · The Markets DailyWall Street Zen downgraded shares of Paysign (NASDAQ:PAYS – Free Report) from a strong-buy rating to a buy rating in a research report released on Sunday.
Other analysts also recently issued reports about the stock. DA Davidson raised their price objective on shares of Paysign from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings raised shares of Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Barrington Research set a $15.00 price target on Paysign in a research note on Tuesday, August 11th. Finally, Lake Street Capital reissued a “buy” rating and set a $13.00 price target on shares of Paysign in a report on Thursday, August 6th. Three 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 $13.33.
Get Our Latest Analysis on Paysign
Paysign Trading Up 4.0%
Paysign stock opened at $13.52 on Friday. Paysign has a 12-month low of $3.08 and a 12-month high of $13.74. The firm has a market capitalization of $763.34 million, a price-to-earnings ratio of 52.00 and a beta of 0.74. The firm has a 50 day moving average of $9.13 and a 200 day moving average of $6.54.
Paysign (NASDAQ:PAYS – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. The business had revenue of $28.25 million for the quarter, compared to the consensus estimate of $26.36 million. Paysign had a net margin of 15.67% and a return on equity of 30.13%. 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, analysts predict that Paysign will post 0.58 EPS for the current year.
Insiders Place Their Bets
In other news, EVP Joan M. Herman sold 100,000 shares of Paysign stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $8.01, for a total transaction of $801,000.00. Following the sale, the executive vice president owned 707,009 shares in the company, valued at $5,663,142.09. This trade represents a 12.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Mark Newcomer sold 150,000 shares of the business’s stock in a transaction on 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 in the company, valued at $108,856,463.76. This trade represents a 1.61% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 406,736 shares of company stock valued at $4,027,179. 24.50% of the stock is owned by company insiders.
Institutional Trading of Paysign
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of Paysign in the second quarter worth about $25,219,000. Punch & Associates Investment Management Inc. bought a new position in Paysign during the second quarter valued at approximately $16,983,000. AWM Investment Company Inc. bought a new position in Paysign during the second quarter valued at approximately $6,560,000. Two Sigma Investments LP grew its holdings in Paysign by 139.5% during the 3rd quarter. Two Sigma Investments LP now owns 504,887 shares of the company’s stock valued at $3,176,000 after buying an additional 294,041 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Paysign during the 3rd quarter valued at approximately $1,640,000. 25.89% of the stock is currently owned by institutional investors.
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.