Paysign (NASDAQ:PAYS – Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Sunday.
A number of other equities analysts also recently commented on the stock. DA Davidson raised their target price on shares of Paysign from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Barrington Research set a $15.00 price target on Paysign in a report on Tuesday, August 11th. Lake Street Capital reissued a “buy” rating and issued a $13.00 price objective on shares of Paysign in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $13.33.
Read Our Latest Stock Analysis on PAYS
Paysign Stock Performance
Paysign (NASDAQ:PAYS – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.06 by $0.05. The firm had revenue of $28.25 million for the quarter, compared to analyst estimates 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. Analysts predict that Paysign will post 0.58 earnings per share for the current year.
Insider Activity
In other news, CFO Jeffery Bradford Baker sold 35,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $12.62, for a total value of $441,700.00. Following the completion of the transaction, the chief financial officer directly owned 542,171 shares in the company, valued at approximately $6,842,198.02. This represents a 6.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mark Newcomer sold 150,000 shares of the company’s stock in a transaction on Thursday, August 6th. The shares were 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 owned 9,163,002 shares of the company’s stock, valued at $108,856,463.76. This trade 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 sold 406,736 shares of company stock valued at $4,027,179. 24.50% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Paysign
A number of institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LP acquired a new stake in shares of Paysign during the second quarter valued at about $246,000. Punch & Associates Investment Management Inc. acquired a new position in shares of Paysign in the second quarter worth about $16,983,000. Bank of America Corp DE acquired a new position in shares of Paysign in the second quarter worth about $335,000. AWM Investment Company Inc. purchased a new position in Paysign in the second quarter valued at about $6,560,000. Finally, EFG International AG purchased a new position in Paysign in the second quarter valued at about $68,000. Institutional investors and hedge funds own 25.89% of the company’s stock.
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.
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