Key Points
- Insider sale: Paysign insider Robert Strobo sold 20,000 shares on Dec. 12 at an average price of $5.47 for $109,400, reducing his ownership by 5.76% to 327,290 shares (valued at about $1.79M).
- Company outlook and analyst view: Paysign beat revenue estimates with $21.6M for the quarter and reported $0.04 EPS (in line with consensus), set FY2025 guidance of $0.120–0.130 EPS, and carries a consensus “Moderate Buy” rating with an average price target of $8.56.
Paysign, Inc. (NASDAQ:PAYS - Get Free Report) insider Robert Strobo sold 20,000 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $5.47, for a total value of $109,400.00. Following the completion of the transaction, the insider directly owned 327,290 shares in the company, valued at $1,790,276.30. This trade represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Paysign Trading Down 0.5%
PAYS stock opened at $5.49 on Friday. The company has a market cap of $302.17 million, a PE ratio of 42.23 and a beta of 0.93. The stock has a 50-day moving average price of $5.36 and a two-hundred day moving average price of $5.83. Paysign, Inc. has a 12-month low of $1.80 and a 12-month high of $8.88.
Paysign (NASDAQ:PAYS - Get Free Report) last released its quarterly earnings data on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. Paysign had a return on equity of 19.18% and a net margin of 10.10%.The business had revenue of $21.60 million for the quarter, compared to analyst estimates of $19.92 million. Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. Equities analysts forecast that Paysign, Inc. will post 0.21 EPS for the current fiscal year.
Institutional Investors Weigh In On Paysign
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new position in Paysign in the 2nd quarter worth $30,000. BNP Paribas Financial Markets increased 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 acquiring an additional 3,453 shares during the last quarter. Quarry LP purchased a new stake in shares of Paysign during the third quarter worth about $54,000. Qube Research & Technologies Ltd purchased a new position in Paysign in the third quarter valued at about $67,000. Finally, Franklin Resources Inc. acquired a new stake in Paysign during the 3rd quarter valued at approximately $69,000. Hedge funds and other institutional investors own 25.89% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have issued reports on PAYS. Wall Street Zen upgraded shares of Paysign from a "hold" rating to a "buy" rating in a research note on Saturday, November 15th. DA Davidson restated a "buy" rating and set a $9.00 target price on shares of Paysign in a report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Paysign in a research report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Paysign presently has a consensus rating of "Moderate Buy" and an average price target of $8.56.
View Our Latest Analysis on Paysign
About Paysign
(
Get Free Report)
Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card.
Further Reading
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