Paysign (NASDAQ:PAYS) Now Covered by Lake Street Capital

Lake Street Capital began coverage on shares of Paysign (NASDAQ:PAYS) in a report published on Friday, Marketbeat.com reports. The firm issued a buy rating and a $6.00 price target on the stock.

Separately, Barrington Research reiterated an “outperform” rating and issued a $7.00 price target on shares of Paysign in a report on Monday, November 4th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, Paysign currently has an average rating of “Buy” and an average target price of $6.13.

Paysign Stock Up 2.0 %

PAYS stock opened at $2.99 on Friday. Paysign has a twelve month low of $2.40 and a twelve month high of $5.59. The stock has a market capitalization of $160.11 million, a price-to-earnings ratio of 19.93 and a beta of 0.93. The firm’s fifty day simple moving average is $3.52 and its two-hundred day simple moving average is $4.07.

Paysign (NASDAQ:PAYS) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Paysign had a net margin of 14.28% and a return on equity of 30.64%. The firm had revenue of $15.26 million during the quarter, compared to analysts’ expectations of $14.96 million. During the same period in the previous year, the company earned $0.02 EPS. As a group, equities research analysts expect that Paysign will post 0.21 EPS for the current year.

Insider Buying and Selling

In other Paysign news, CEO Mark Newcomer sold 41,000 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $3.31, for a total transaction of $135,710.00. Following the transaction, the chief executive officer now directly owns 9,195,886 shares in the company, valued at $30,438,382.66. This trade represents a 0.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Daniel Spence sold 100,000 shares of the company’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $3.60, for a total value of $360,000.00. Following the completion of the sale, the insider now owns 9,090,000 shares of the company’s stock, valued at $32,724,000. This represents a 1.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 339,360 shares of company stock valued at $1,234,246 in the last 90 days. Company insiders own 23.40% of the company’s stock.

Institutional Trading of Paysign

Institutional investors have recently modified their holdings of the company. Algert Global LLC purchased a new stake in shares of Paysign during the second quarter worth about $46,000. SG Americas Securities LLC acquired a new stake in shares of Paysign during the third quarter worth about $43,000. The Manufacturers Life Insurance Company acquired a new position in Paysign in the 2nd quarter worth approximately $66,000. American Century Companies Inc. acquired a new stake in Paysign during the 2nd quarter valued at approximately $92,000. Finally, Bard Associates Inc. purchased a new stake in shares of Paysign in the 3rd quarter valued at $103,000. 25.89% of the stock is currently owned by institutional investors.

Paysign Company Profile

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.