Key Points
- Joan Herman, EVP sold 6,667 Paysign shares on May 4 at an average price of $7.01 under a pre-arranged Rule 10b5-1 plan, reducing her stake by 0.80% to 831,583 shares (≈$5.83M).
- Paysign (market cap ≈$360.4M, PE 50.23) reported Q1 EPS of $0.02 (miss) and revenue of $22.76M (beat); analysts have a consensus rating of Moderate Buy with an average target of $9.42.
Paysign, Inc. (NASDAQ:PAYS - Get Free Report) EVP Joan Herman sold 6,667 shares of Paysign stock in a transaction on Monday, May 4th. The shares were sold at an average price of $7.01, for a total value of $46,735.67. Following the completion of the transaction, the executive vice president owned 831,583 shares of the company's stock, valued at approximately $5,829,396.83. This trade represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Paysign Stock Performance
Shares of NASDAQ PAYS opened at $6.53 on Thursday. The stock has a market cap of $360.39 million, a PE ratio of 50.23 and a beta of 0.72. Paysign, Inc. has a fifty-two week low of $2.28 and a fifty-two week high of $8.88. The stock has a fifty day moving average of $4.97 and a 200-day moving average of $4.88.
Paysign (NASDAQ:PAYS - Get Free Report) last announced its quarterly earnings results on Tuesday, March 24th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $22.76 million during the quarter, compared to analysts' expectations of $21.54 million. Paysign had a net margin of 9.21% and a return on equity of 17.19%. On average, sell-side analysts predict that Paysign, Inc. will post 0.52 EPS for the current year.
Institutional Investors Weigh In On Paysign
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of Paysign by 11.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 65,853 shares of the company's stock valued at $389,000 after acquiring an additional 6,717 shares during the last quarter. Penbrook Management LLC raised its position in Paysign by 81.0% during the 1st quarter. Penbrook Management LLC now owns 55,785 shares of the company's stock valued at $329,000 after purchasing an additional 24,960 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its holdings 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 worth $51,000 after acquiring an additional 7,825 shares during the period. Invesco Ltd. raised its position in shares of Paysign by 44.7% in the 4th quarter. Invesco Ltd. now owns 24,412 shares of the company's stock worth $126,000 after acquiring an additional 7,537 shares in the last quarter. Finally, Engineers Gate Manager LP raised its position in shares of Paysign by 138.3% in the 4th quarter. Engineers Gate Manager LP now owns 34,063 shares of the company's stock worth $175,000 after acquiring an additional 19,769 shares in the last quarter. Institutional investors own 25.89% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently commented on PAYS shares. Weiss Ratings restated a "hold (c)" rating on shares of Paysign in a research report on Tuesday, April 21st. Wall Street Zen upgraded Paysign from a "hold" rating to a "buy" rating in a research report on Monday, March 30th. DA Davidson restated a "buy" rating and set a $9.00 target price on shares of Paysign in a research report on Thursday, March 26th. Finally, Lake Street Capital lifted their price target on Paysign from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, March 25th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Paysign has a consensus rating of "Moderate Buy" and an average target price of $9.42.
View Our Latest Research Report on PAYS
Paysign Company Profile
(
Get Free Report)
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.
Further Reading
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