Paysign (NASDAQ:PAYS) PT Raised to $5.50 at DA Davidson

Paysign (NASDAQ:PAYS) had its price objective increased by DA Davidson from $4.50 to $5.50 in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also recently issued research reports about the company. Barrington Research reissued an outperform rating and set a $5.50 target price on shares of Paysign in a report on Wednesday, March 27th. TheStreet raised Paysign from a d+ rating to a c- rating in a research note on Wednesday, January 3rd.

Paysign Price Performance

NASDAQ PAYS traded up $0.12 on Tuesday, hitting $4.73. The company had a trading volume of 175,669 shares, compared to its average volume of 375,197. The company’s fifty day moving average price is $3.79 and its 200-day moving average price is $2.97. The company has a market capitalization of $250.55 million, a PE ratio of 39.42 and a beta of 0.98. Paysign has a 12-month low of $1.67 and a 12-month high of $4.75.

Paysign (NASDAQ:PAYS) last released its earnings results on Tuesday, March 26th. The company reported $0.10 EPS for the quarter. Paysign had a net margin of 13.66% and a return on equity of 34.33%. The business had revenue of $13.69 million during the quarter, compared to analysts’ expectations of $11.57 million. On average, sell-side analysts anticipate that Paysign will post 0.22 EPS for the current year.

Insider Activity

In other news, major shareholder Topline Capital Partners, Lp purchased 25,082 shares of Paysign stock in a transaction dated Wednesday, February 21st. The shares were purchased at an average price of $3.08 per share, with a total value of $77,252.56. Following the transaction, the insider now owns 5,761,918 shares in the company, valued at $17,746,707.44. The purchase was disclosed in a document filed with the SEC, which is available through this link. In related news, major shareholder Topline Capital Partners, Lp acquired 25,082 shares of Paysign stock in a transaction that occurred on Wednesday, February 21st. The shares were purchased at an average cost of $3.08 per share, for a total transaction of $77,252.56. Following the acquisition, the insider now owns 5,761,918 shares in the company, valued at $17,746,707.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Topline Capital Management, Ll bought 25,736 shares of the stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $3.03 per share, with a total value of $77,980.08. Following the purchase, the insider now owns 5,710,392 shares of the company’s stock, valued at $17,302,487.76. The disclosure for this purchase can be found here. Insiders bought a total of 476,086 shares of company stock valued at $1,416,208 in the last 90 days. Company insiders own 23.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Norden Group LLC grew its stake in shares of Paysign by 38.7% in the first quarter. Norden Group LLC now owns 14,883 shares of the company’s stock valued at $54,000 after buying an additional 4,151 shares in the last quarter. Bridge City Capital LLC purchased a new position in Paysign during the 3rd quarter valued at about $61,000. Portside Wealth Group LLC grew its position in Paysign by 33.7% in the 3rd quarter. Portside Wealth Group LLC now owns 33,740 shares of the company’s stock valued at $68,000 after acquiring an additional 8,508 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in 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 purchasing an additional 5,874 shares during the period. Finally, Spouting Rock Asset Management LLC lifted 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 purchasing an additional 10,700 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.