Paysign (NASDAQ:PAYS) Receives “Outperform” Rating from Barrington Research

Barrington Research restated their outperform rating on shares of Paysign (NASDAQ:PAYS) in a report issued on Wednesday morning,Benzinga reports. The firm currently has a $7.00 price objective on the stock.

Separately, Lake Street Capital initiated coverage on Paysign in a report on Friday, December 20th. They issued a “buy” rating and a $6.00 target price on the stock.

Paysign Stock Down 8.5 %

Shares of NASDAQ:PAYS opened at $2.27 on Wednesday. Paysign has a twelve month low of $2.25 and a twelve month high of $5.59. The stock’s 50 day moving average is $2.65 and its 200-day moving average is $3.24. The firm has a market capitalization of $121.55 million, a price-to-earnings ratio of 15.13 and a beta of 0.93.

Paysign (NASDAQ:PAYS) last released its quarterly earnings data on Tuesday, March 25th. The company reported $0.02 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.02. The firm had revenue of $15.61 million for the quarter, compared to analyst estimates of $15.42 million. Paysign had a net margin of 14.28% and a return on equity of 30.64%. Equities research analysts anticipate that Paysign will post 0.21 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Topline Capital Partners, Lp sold 20,834 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $3.03, for a total transaction of $63,127.02. Following the completion of the sale, the insider now owns 5,611,128 shares in the company, valued at approximately $17,001,717.84. This trade represents a 0.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Topline Capital Management, Ll sold 231,187 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $19,393,442.26. The trade was a 3.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 927,087 shares of company stock valued at $2,872,039 in the last 90 days. 23.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Paysign

Hedge funds have recently modified their holdings of the stock. Topline Capital Management LLC purchased a new stake in Paysign during the fourth quarter valued at about $16,946,000. 1248 Management LLC bought a new stake in shares of Paysign in the fourth quarter valued at approximately $2,778,000. Millennium Management LLC lifted its stake in shares of Paysign by 123.6% during the 4th quarter. Millennium Management LLC now owns 325,334 shares of the company’s stock valued at $983,000 after buying an additional 179,814 shares in the last quarter. Marshall Wace LLP bought a new position in Paysign in the 4th quarter worth approximately $489,000. Finally, Renaissance Technologies LLC grew its stake in Paysign by 11.0% in the 4th quarter. Renaissance Technologies LLC now owns 1,501,622 shares of the company’s stock valued at $4,535,000 after buying an additional 149,200 shares in the last quarter. Institutional investors own 25.89% of the company’s stock.

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.