Paysign (NASDAQ:PAYS) Issues Earnings Results, Meets Expectations

Paysign (NASDAQ:PAYS) posted its quarterly earnings results on Tuesday. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02, Zacks reports. Paysign had a return on equity of 30.64% and a net margin of 14.28%.

Paysign Stock Down 1.6 %

PAYS stock traded down $0.04 during mid-day trading on Tuesday, reaching $2.48. 664,580 shares of the company traded hands, compared to its average volume of 273,320. The stock has a market cap of $132.80 million, a price-to-earnings ratio of 16.53 and a beta of 0.93. Paysign has a fifty-two week low of $2.25 and a fifty-two week high of $5.59. The firm’s 50 day moving average price is $2.68 and its 200 day moving average price is $3.26.

Insider Activity at Paysign

In other news, insider Topline Capital Management, Ll sold 231,187 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $3.31, for a total value of $765,228.97. Following the completion of the transaction, the insider now directly owns 5,859,046 shares of the company’s stock, valued at $19,393,442.26. This represents a 3.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Topline Capital Partners, Lp sold 20,834 shares of the stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $3.03, for a total value of $63,127.02. Following the sale, the insider now directly owns 5,611,128 shares of the company’s stock, valued at $17,001,717.84. The trade was a 0.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 927,087 shares of company stock valued at $2,872,039. 23.40% of the stock is owned by insiders.

Analysts Set New Price Targets

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.

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.