Paysign, Inc. (NASDAQ:PAYS – Get Free Report) major shareholder Topline Capital Partners, Lp sold 20,834 shares of Paysign stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $3.03, for a total value of $63,127.02. Following the transaction, the insider now owns 5,611,128 shares in the company, valued at approximately $17,001,717.84. This represents a 0.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Paysign Stock Performance
Paysign stock opened at $3.02 on Thursday. The company’s 50 day simple moving average is $3.40 and its 200-day simple moving average is $4.01. Paysign, Inc. has a 1 year low of $2.40 and a 1 year high of $5.59. The company has a market capitalization of $161.71 million, a price-to-earnings ratio of 20.13 and a beta of 0.93.
Paysign (NASDAQ:PAYS – Get Free Report) last released 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 during the quarter, compared to the consensus estimate of $14.96 million. During the same period in the previous year, the company posted $0.02 EPS. Equities analysts expect that Paysign, Inc. will post 0.21 earnings per share for the current year.
Hedge Funds Weigh In On Paysign
Analysts Set New Price Targets
PAYS has been the subject of several recent analyst reports. Lake Street Capital assumed coverage on shares of Paysign in a research report on Friday, December 20th. They set a “buy” rating and a $6.00 price objective for the company. Barrington Research reissued an “outperform” rating and set a $7.00 target price on shares of Paysign in a research note on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Paysign currently has a consensus rating of “Buy” and an average price target of $6.13.
View Our Latest Report on PAYS
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.
See Also
- Five stocks we like better than Paysign
- Industrial Products Stocks Investing
- Work and Play: Investing in the Rise of Bleisure Travel
- How to Read Stock Charts for Beginners
- Top Dividend Stocks to Buy Now as Bond Yields Could Lower
- The Significance of Brokerage Rankings in Stock Selection
- SAP: AI Tailwinds Accelerating Enterprise Cloud Business
Receive News & Ratings for Paysign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paysign and related companies with MarketBeat.com's FREE daily email newsletter.