Barrington Research Reaffirms “Outperform” Rating for Paysign (NASDAQ:PAYS)

Barrington Research restated their outperform rating on shares of Paysign (NASDAQ:PAYS) in a report published on Friday, Benzinga reports. Barrington Research currently has a $7.00 target price on the stock.

Other research analysts have also issued reports about the company. DA Davidson upped their price target on Paysign from $4.50 to $5.50 and gave the stock a buy rating in a report on Tuesday, April 30th. Maxim Group upped their price target on Paysign from $5.50 to $6.00 and gave the company a buy rating in a research report on Wednesday, May 8th.

Paysign Price Performance

NASDAQ:PAYS opened at $4.31 on Friday. Paysign has a fifty-two week low of $1.67 and a fifty-two week high of $5.09. The stock’s 50-day moving average is $4.44 and its two-hundred day moving average is $3.61. The stock has a market cap of $228.34 million, a PE ratio of 33.16 and a beta of 1.09.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $13.19 million during the quarter, compared to analyst estimates of $12.46 million. Paysign had a return on equity of 32.75% and a net margin of 13.77%. On average, equities research analysts anticipate that Paysign will post 0.19 earnings per share for the current year.

Institutional Trading of Paysign

A number of hedge funds have recently made changes to their positions in the business. Owls Nest Partners IA LLC increased its stake in Paysign by 1.5% during the 4th quarter. Owls Nest Partners IA LLC now owns 261,661 shares of the company’s stock worth $733,000 after acquiring an additional 3,853 shares during the period. Norden Group LLC lifted its holdings in Paysign by 38.7% during the 1st quarter. Norden Group LLC now owns 14,883 shares of the company’s stock worth $54,000 after buying an additional 4,151 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Paysign by 18.2% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company’s stock worth $74,000 after buying an additional 5,874 shares during the period. Spouting Rock Asset Management LLC lifted its stake in shares of Paysign by 39.0% in the 3rd quarter. Spouting Rock Asset Management LLC now owns 38,167 shares of the company’s stock valued at $74,000 after purchasing an additional 10,700 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in Paysign by 49.7% during the 1st quarter. BNP Paribas Financial Markets now owns 39,452 shares of the company’s stock worth $144,000 after buying an additional 13,093 shares during the period. 25.89% of the stock is owned by institutional investors and hedge funds.

About Paysign

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.