Paysign (NASDAQ:PAYS) Posts Earnings Results, Beats Expectations By $0.02 EPS

Paysign (NASDAQ:PAYS) issued its quarterly earnings data on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02, Zacks reports. Paysign had a return on equity of 32.55% and a net margin of 14.42%. The company had revenue of $15.26 million during the quarter, compared to analysts’ expectations of $14.96 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. Paysign updated its FY 2024 guidance to EPS.

Paysign Stock Down 3.0 %

Shares of NASDAQ:PAYS traded down $0.12 during trading on Thursday, hitting $3.94. 156,763 shares of the company were exchanged, compared to its average volume of 253,108. The business’s 50 day moving average is $4.00 and its 200-day moving average is $4.36. The company has a market capitalization of $209.36 million, a P/E ratio of 28.14 and a beta of 0.95. Paysign has a 1-year low of $2.11 and a 1-year high of $5.59.

Insider Transactions at Paysign

In other news, CEO Mark Newcomer sold 50,000 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $4.25, for a total transaction of $212,500.00. Following the completion of the transaction, the chief executive officer now directly owns 9,486,886 shares in the company, valued at approximately $40,319,265.50. 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 accessible through the SEC website. In related news, CEO Mark Newcomer sold 50,000 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $4.25, for a total value of $212,500.00. Following the sale, the chief executive officer now owns 9,486,886 shares of the company’s stock, valued at $40,319,265.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Daniel Spence sold 100,000 shares of the business’s stock in a transaction on Friday, September 27th. The stock was sold at an average price of $3.60, for a total transaction of $360,000.00. Following the completion of the sale, the insider now directly 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. Over the last ninety days, insiders sold 211,000 shares of company stock worth $800,260. Corporate insiders own 23.30% of the company’s stock.

Wall Street Analyst Weigh In

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