DA Davidson Increases Paysign (NASDAQ:PAYS) Price Target to $5.50

Paysign (NASDAQ:PAYS) had its price target lifted by equities research analysts at DA Davidson from $4.50 to $5.50 in a note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. DA Davidson’s price objective would indicate a potential upside of 20.88% from the company’s current price.

A number of other equities analysts have also commented on PAYS. TheStreet raised shares of Paysign from a “d+” rating to a “c-” rating in a research note on Wednesday, January 3rd. Barrington Research reissued an “outperform” rating and issued a $5.50 target price on shares of Paysign in a research report on Wednesday, March 27th.

Paysign Trading Down 3.0 %

NASDAQ PAYS traded down $0.14 during trading hours on Tuesday, reaching $4.55. The company’s stock had a trading volume of 104,737 shares, compared to its average volume of 379,774. Paysign has a 52 week low of $1.67 and a 52 week high of $4.75. The stock has a market cap of $241.01 million, a PE ratio of 38.00 and a beta of 1.08. The business has a 50-day simple moving average of $3.67 and a 200 day simple moving average of $2.90.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings results on Tuesday, March 26th. The company reported $0.10 earnings per share (EPS) for the quarter. Paysign had a return on equity of 34.33% and a net margin of 13.66%. The company had revenue of $13.69 million during the quarter, compared to analyst estimates of $11.57 million. As a group, equities analysts predict that Paysign will post 0.22 EPS for the current year.

Insider Buying and Selling at Paysign

In other Paysign news, CFO Jeffery Bradford Baker sold 27,691 shares of the business’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $2.87, for a total value of $79,473.17. Following the transaction, the chief financial officer now owns 157,097 shares of the company’s stock, valued at $450,868.39. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder Topline Capital Partners, Lp acquired 25,082 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was acquired at an average price of $3.08 per share, for a total transaction of $77,252.56. Following the transaction, the insider now directly owns 5,761,918 shares in the company, valued at $17,746,707.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jeffery Bradford Baker sold 27,691 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $2.87, for a total value of $79,473.17. Following the completion of the sale, the chief financial officer now owns 157,097 shares of the company’s stock, valued at $450,868.39. The disclosure for this sale can be found here. Over the last three months, insiders purchased 563,430 shares of company stock valued at $1,685,227. 23.30% of the stock is currently owned by company insiders.

Institutional Trading of Paysign

Several hedge funds have recently bought and sold shares of the stock. Norden Group LLC increased its position in shares of Paysign by 38.7% during the first quarter. Norden Group LLC now owns 14,883 shares of the company’s stock worth $54,000 after acquiring an additional 4,151 shares in the last quarter. Bridge City Capital LLC lifted its holdings in shares of Paysign by 17.9% in the first quarter. Bridge City Capital LLC now owns 102,401 shares of the company’s stock valued at $375,000 after purchasing an additional 15,549 shares in the last quarter. Owls Nest Partners IA LLC lifted its holdings in shares of Paysign by 1.5% in the fourth quarter. Owls Nest Partners IA LLC now owns 261,661 shares of the company’s stock valued at $733,000 after purchasing an additional 3,853 shares in the last quarter. Spouting Rock Asset Management LLC boosted its position in shares of Paysign by 39.0% during the third quarter. Spouting Rock Asset Management LLC now owns 38,167 shares of the company’s stock worth $74,000 after buying an additional 10,700 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of Paysign by 18.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company’s stock worth $74,000 after buying an additional 5,874 shares in the last quarter. 25.89% of the stock is currently owned by institutional investors and hedge funds.

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.