Paysign, Inc. (NASDAQ:PAYS) Insider Sells $697,147.88 in Stock

Paysign, Inc. (NASDAQ:PAYS) insider Topline Capital Management, Ll sold 227,084 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $3.07, for a total value of $697,147.88. Following the completion of the transaction, the insider now directly owns 5,631,962 shares of the company’s stock, valued at $17,290,123.34. This trade represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Topline Capital Management, Ll also recently made the following trade(s):

• On Friday, December 27th, Topline Capital Management, Ll sold 231,187 shares of Paysign stock. The stock was sold at an average price of $3.31, for a total value of $765,228.97.

Paysign Price Performance

Shares of PAYS traded down $0.05 during midday trading on Tuesday, reaching $3.02. The stock had a trading volume of 231,026 shares, compared to its average volume of 247,984. The company has a market capitalization of $161.71 million, a P/E ratio of 20.13 and a beta of 0.93. The firm’s 50 day moving average price is $3.43 and its 200-day moving average price is $4.02. Paysign, Inc. has a 52 week low of $2.40 and a 52 week high of $5.59.

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

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PAYS. Barrington Research restated an “outperform” rating and set a $7.00 price objective on shares of Paysign in a research note on Monday, November 4th. Lake Street Capital started coverage on shares of Paysign in a research note on Friday, December 20th. They set a “buy” rating and a $6.00 target price on the stock. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat, Paysign currently has an average rating of “Buy” and a consensus price target of $6.13.

Institutional Trading of Paysign

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in Paysign during the third quarter worth approximately $43,000. Algert Global LLC acquired a new stake in shares of Paysign during the 2nd quarter valued at $46,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Paysign during the 2nd quarter valued at $66,000. American Century Companies Inc. bought a new stake in shares of Paysign during the 2nd quarter worth $92,000. Finally, Bard Associates Inc. acquired a new position in shares of Paysign in the 3rd quarter worth $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.