Paysign (NASDAQ:PAYS) Posts Earnings Results

Paysign (NASDAQ:PAYS) released its quarterly earnings results on Tuesday. The company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.01 by $0.02, Zacks reports. The firm had revenue of $15.26 million during the quarter, compared to analyst estimates of $14.96 million. Paysign had a net margin of 14.42% and a return on equity of 32.55%. During the same quarter in the prior year, the firm earned $0.02 EPS. Paysign updated its FY 2024 guidance to EPS.

Paysign Price Performance

Shares of PAYS stock traded down $0.12 during trading hours on Thursday, reaching $3.94. 156,763 shares of the company traded hands, compared to its average volume of 253,108. The firm has a 50-day moving average price of $4.00 and a 200 day moving average price of $4.36. The company has a market cap of $209.36 million, a P/E ratio of 28.14 and a beta of 0.95. Paysign has a 12-month low of $2.11 and a 12-month high of $5.59.

Insider Buying and Selling

In other Paysign news, CEO Mark Newcomer sold 36,000 shares of Paysign stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $3.66, for a total transaction of $131,760.00. Following the transaction, the chief executive officer now owns 9,336,886 shares of the company’s stock, valued at $34,173,002.76. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Paysign news, CEO Mark Newcomer sold 36,000 shares of the stock in a transaction on Wednesday, October 23rd. The stock was sold at an average price of $3.66, for a total value of $131,760.00. Following the completion of the sale, the chief executive officer now owns 9,336,886 shares in the company, valued at approximately $34,173,002.76. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Daniel Spence sold 100,000 shares of the business’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $3.60, for a total value of $360,000.00. Following the completion of the transaction, the insider now owns 9,090,000 shares in the company, valued at $32,724,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 211,000 shares of company stock valued at $800,260. 23.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and set a $7.00 target price on shares of Paysign in a report on Monday.

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.