Key Points
- Paysign EVP Joan Herman sold 29,202 shares on June 1 at an average price of $8.00, for total proceeds of $233,616. The sale, disclosed in an SEC filing, was made under a pre-arranged Rule 10b5-1 plan.
- The transaction left Herman with 807,009 shares, reducing her ownership by 3.49%. Paysign stock was noted as trading down 8.0% to $6.81 on Thursday.
- Despite the insider sale, Paysign recently reported better-than-expected quarterly results, with EPS of $0.09 versus $0.07 expected and revenue of $28.04 million versus $27.01 million estimated. Analysts currently rate the stock a Moderate Buy with a consensus price target of $10.00.
Paysign, Inc. (NASDAQ:PAYS - Get Free Report) EVP Joan Herman sold 29,202 shares of the business's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $8.00, for a total value of $233,616.00. Following the completion of the sale, the executive vice president owned 807,009 shares in the company, valued at $6,456,072. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Paysign Trading Down 8.0%
Shares of Paysign stock opened at $6.81 on Thursday. The firm has a market cap of $380.75 million, a PE ratio of 40.06 and a beta of 0.73. The stock has a 50 day moving average of $6.19 and a 200 day moving average of $5.04. Paysign, Inc. has a 12 month low of $3.08 and a 12 month high of $8.88.
Paysign (NASDAQ:PAYS - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $27.01 million. Paysign had a return on equity of 21.74% and a net margin of 11.38%.Paysign has set its Q2 2026 guidance at 0.060-0.070 EPS. As a group, equities research analysts forecast that Paysign, Inc. will post 0.5 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Paysign
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new stake in Paysign during the 2nd quarter valued at $30,000. BNP Paribas Financial Markets lifted its position in Paysign by 99.8% in the third quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company's stock worth $43,000 after buying an additional 3,453 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in 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 buying an additional 7,825 shares during the period. Jane Street Group LLC purchased a new position in Paysign during the first quarter worth $51,000. Finally, SG Americas Securities LLC bought a new position in Paysign during the fourth quarter valued at $52,000. Hedge funds and other institutional investors own 25.89% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on PAYS. Wall Street Zen raised shares of Paysign from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 16th. DA Davidson reissued a "buy" rating and issued a $9.00 price objective on shares of Paysign in a research note on Wednesday, May 13th. Lake Street Capital boosted their target price on shares of Paysign from $10.00 to $11.00 and gave the stock a "buy" rating in a report on Wednesday, March 25th. Finally, Weiss Ratings upgraded shares of Paysign from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, May 14th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $10.00.
View Our Latest Stock 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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
