Paysign (PAYS) Scheduled to Post Quarterly Earnings on Tuesday

Paysign (NASDAQ:PAYS) is scheduled to announce its earnings results after the market closes on Tuesday, May 7th. Paysign has set its FY 2024 guidance at 0.040-0.060 EPS and its Q1 2024 guidance at EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Tuesday, March 26th. The company reported $0.10 earnings per share for the quarter. The business had revenue of $13.69 million during the quarter, compared to the consensus estimate of $11.57 million. Paysign had a return on equity of 34.33% and a net margin of 13.66%. On average, analysts expect Paysign to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Paysign Trading Up 6.3 %

Shares of PAYS opened at $4.69 on Tuesday. The stock’s 50-day moving average price is $3.67 and its two-hundred day moving average price is $2.90. Paysign has a 12 month low of $1.67 and a 12 month high of $4.75. The company has a market capitalization of $248.42 million, a PE ratio of 39.08 and a beta of 1.08.

Insider Buying and Selling

In other Paysign news, major shareholder Topline Capital Partners, Lp purchased 51,300 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were purchased at an average cost of $2.93 per share, with a total value of $150,309.00. Following the completion of the purchase, the insider now owns 6,099,317 shares in the company, valued at $17,870,998.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Topline Capital Management, Ll acquired 39,674 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were bought at an average price of $2.86 per share, with a total value of $113,467.64. Following the transaction, the insider now directly owns 5,801,592 shares of the company’s stock, valued at $16,592,553.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Topline Capital Partners, Lp bought 51,300 shares of Paysign stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $2.93 per share, with a total value of $150,309.00. Following the completion of the purchase, the insider now owns 6,099,317 shares in the company, valued at $17,870,998.81. The disclosure for this purchase can be found here. Insiders acquired 563,430 shares of company stock valued at $1,685,227 over the last 90 days. Company insiders own 23.40% of the company’s stock.

Analyst Upgrades and Downgrades

PAYS has been the topic of a number of recent analyst reports. TheStreet raised Paysign from a “d+” rating to a “c-” rating in a research note on Wednesday, January 3rd. Barrington Research restated an “outperform” rating and issued a $5.50 price target on shares of Paysign in a research report on Wednesday, March 27th. Finally, DA Davidson increased their price objective on shares of Paysign from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Monday, April 1st.

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.