Paysign (NASDAQ:PAYS) Announces Quarterly Earnings Results

Paysign (NASDAQ:PAYS) posted its quarterly earnings data on Tuesday. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02, Zacks reports. The company 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 period in the previous year, the firm earned $0.02 earnings per share. Paysign updated its FY 2024 guidance to EPS.

Paysign Price Performance

Paysign stock traded down $0.12 during trading hours on Thursday, reaching $3.94. The stock had a trading volume of 156,763 shares, compared to its average volume of 253,108. Paysign has a 52 week low of $2.11 and a 52 week high of $5.59. The company has a market cap of $209.36 million, a price-to-earnings ratio of 29.00 and a beta of 0.95. The business’s 50 day moving average price is $4.02 and its 200-day moving average price is $4.36.

Insider Activity

In related news, major shareholder Daniel Spence sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $3.60, for a total value of $360,000.00. Following the sale, the insider now owns 9,090,000 shares in the company, valued at $32,724,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Paysign news, CEO Mark Newcomer sold 22,000 shares of the company’s stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $3.75, for a total value of $82,500.00. Following the sale, the chief executive officer now owns 9,414,886 shares in the company, valued at approximately $35,305,822.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Daniel Spence sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $3.60, for a total value of $360,000.00. Following the completion of the sale, the insider now owns 9,090,000 shares in the company, valued at approximately $32,724,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 211,000 shares of company stock worth $800,260 over the last 90 days. 23.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and issued a $7.00 price objective on shares of Paysign in a report on Monday.

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.