Free Trial

DA Davidson Reiterates "Buy" Rating for Paysign (NASDAQ:PAYS)

Paysign logo with Business Services background
Remove Ads

DA Davidson restated their buy rating on shares of Paysign (NASDAQ:PAYS - Free Report) in a research report report published on Wednesday,Benzinga reports. DA Davidson currently has a $6.00 price target on the stock.

Several other analysts have also commented on PAYS. Barrington Research restated an "outperform" rating and issued a $7.00 price objective on shares of Paysign in a report on Wednesday. Lake Street Capital began coverage on Paysign in a research note on Friday, December 20th. They issued a "buy" rating and a $6.00 target price for the company.

Read Our Latest Stock Analysis on PAYS

Paysign Price Performance

PAYS traded down $0.02 during midday trading on Wednesday, reaching $2.13. 430,362 shares of the company's stock traded hands, compared to its average volume of 224,030. Paysign has a 52 week low of $2.10 and a 52 week high of $5.59. The firm has a fifty day moving average of $2.62 and a two-hundred day moving average of $3.21. The stock has a market capitalization of $114.48 million, a price-to-earnings ratio of 14.20 and a beta of 0.93.

Paysign (NASDAQ:PAYS - Get Free Report) last released its quarterly earnings results on Tuesday, March 25th. The company reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $15.61 million for the quarter, compared to analysts' expectations of $15.42 million. Paysign had a net margin of 14.28% and a return on equity of 30.64%. Sell-side analysts forecast that Paysign will post 0.21 EPS for the current year.

Remove Ads

Insider Buying and Selling

In other news, CEO Mark Newcomer sold 12,000 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $2.85, for a total transaction of $34,200.00. Following the sale, the chief executive officer now owns 9,036,886 shares in the company, valued at $25,755,125.10. This represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Topline Capital Partners, Lp sold 20,834 shares of the stock in a transaction on Tuesday, December 31st. The shares were sold at an average price of $3.03, for a total value of $63,127.02. Following the sale, the insider now owns 5,611,128 shares in the company, valued at approximately $17,001,717.84. This represents a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 695,900 shares of company stock worth $2,106,810 in the last 90 days. Insiders own 23.40% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. PDT Partners LLC purchased a new position in Paysign in the 4th quarter worth about $39,000. Wells Fargo & Company MN raised its holdings in shares of Paysign by 51.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,385 shares of the company's stock valued at $46,000 after purchasing an additional 5,243 shares during the last quarter. SG Americas Securities LLC lifted its position in Paysign by 33.5% during the fourth quarter. SG Americas Securities LLC now owns 15,508 shares of the company's stock valued at $47,000 after purchasing an additional 3,895 shares during the period. Virtu Financial LLC purchased a new stake in Paysign in the fourth quarter worth approximately $78,000. Finally, Occudo Quantitative Strategies LP boosted its holdings in Paysign by 56.5% in the fourth quarter. Occudo Quantitative Strategies LP now owns 28,429 shares of the company's stock worth $86,000 after purchasing an additional 10,268 shares during the last quarter. 25.89% of the stock is owned by institutional investors.

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.

Recommended Stories

Should You Invest $1,000 in Paysign Right Now?

Before you consider Paysign, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paysign wasn't on the list.

While Paysign currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

(Almost)  Everything You Need To Know About The EV Market Cover

Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.

Get This Free Report
Like this article? Share it with a colleague.
Remove Ads

Featured Articles and Offers

Recent Videos

Trump Tariffs Tumble the Stock Market—Here’s How to Protect Your Money
Donald Trump Owns These 7 Stocks, Should You?
 5 Stocks to BUY NOW in April 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines

Remove Ads