Paysign, Inc. (NASDAQ:PAYS) Insider Sells $765,228.97 in Stock

Paysign, Inc. (NASDAQ:PAYS) insider Topline Capital Management, Ll sold 231,187 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $3.31, for a total transaction of $765,228.97. Following the completion of the transaction, the insider now owns 5,859,046 shares of the company’s stock, valued at approximately $19,393,442.26. The trade was a 3.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, December 30th, Topline Capital Management, Ll sold 227,084 shares of Paysign stock. The shares were sold at an average price of $3.07, for a total transaction of $697,147.88.

Paysign Stock Down 5.3 %

NASDAQ PAYS opened at $2.86 on Friday. The firm has a market cap of $153.15 million, a P/E ratio of 19.07 and a beta of 0.93. Paysign, Inc. has a 52-week low of $2.40 and a 52-week high of $5.59. The business’s 50-day moving average price is $3.38 and its 200 day moving average price is $4.00.

Paysign (NASDAQ:PAYS) last announced its earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.02. Paysign had a return on equity of 30.64% and a net margin of 14.28%. The company had revenue of $15.26 million for the quarter, compared to the consensus estimate of $14.96 million. During the same period last year, the business posted $0.02 EPS. As a group, analysts anticipate that Paysign, Inc. will post 0.21 earnings per share for the current year.

Hedge Funds Weigh In On Paysign

A number of large investors have recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Paysign during the third quarter worth about $43,000. Algert Global LLC purchased a new stake in Paysign in the 2nd quarter valued at approximately $46,000. The Manufacturers Life Insurance Company acquired a new position in Paysign during the 2nd quarter worth approximately $66,000. American Century Companies Inc. purchased a new position in shares of Paysign during the 2nd quarter worth approximately $92,000. Finally, Bard Associates Inc. acquired a new stake in shares of Paysign in the 3rd quarter valued at approximately $103,000. Hedge funds and other institutional investors own 25.89% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Lake Street Capital initiated coverage on Paysign in a research report on Friday, December 20th. They set a “buy” rating and a $6.00 target price on the stock. Barrington Research reiterated an “outperform” rating and issued a $7.00 price objective on shares of Paysign in a research note on Monday, November 4th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Paysign currently has a consensus rating of “Buy” and an average target price of $6.13.

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.