Paysign, Inc. (NASDAQ:PAYS – Get Free Report) shot up 4.9% on Tuesday . The company traded as high as $13.48 and last traded at $13.6310. Approximately 136,312 shares were traded during mid-day trading, a decline of 80% from the average session volume of 691,148 shares. The stock had previously closed at $13.00.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on PAYS shares. Wall Street Zen cut Paysign from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Barrington Research set a $15.00 target price on Paysign in a research report on Tuesday, August 11th. Weiss Ratings raised Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 29th. Lake Street Capital reiterated a “buy” rating and set a $13.00 price target on shares of Paysign in a report on Thursday, August 6th. Finally, DA Davidson increased their price objective on Paysign from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $13.33.
View Our Latest Report on PAYS
Paysign Stock Performance
Paysign (NASDAQ:PAYS – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.05. The firm had revenue of $28.25 million during the quarter, compared to analysts’ expectations 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. As a group, research analysts predict that Paysign, Inc. will post 0.58 EPS for the current year.
Insider Buying and Selling
In related news, EVP Joan M. Herman sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $8.01, for a total value of $801,000.00. Following the transaction, the executive vice president directly owned 707,009 shares of the company’s stock, valued at approximately $5,663,142.09. This trade represents a 12.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Bruce A. Mina sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $7.09, for a total value of $70,900.00. Following the completion of the sale, the director owned 258,500 shares of the company’s stock, valued at approximately $1,832,765. This trade represents a 3.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 406,736 shares of company stock worth $4,027,179. Insiders own 24.50% of the company’s stock.
Hedge Funds Weigh In On Paysign
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of Paysign in the second quarter valued at approximately $30,000. Legal & General Group Plc bought a new stake in shares of Paysign during the 2nd quarter worth $35,000. BNP Paribas Financial Markets grew its stake in Paysign by 99.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock valued at $43,000 after buying an additional 3,453 shares during the last quarter. EFG International AG acquired a new position in Paysign in the 2nd quarter valued at $68,000. Finally, Quarry LP acquired a new position in Paysign in the 3rd quarter valued at $54,000. 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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