Mark Newcomer Sells 61,000 Shares of Paysign, Inc. (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 61,000 shares of Paysign stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $2.89, for a total value of $176,290.00. Following the transaction, the chief executive officer now owns 9,075,886 shares in the company, valued at $26,229,310.54. This represents a 0.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Mark Newcomer also recently made the following trade(s):

• On Thursday, January 23rd, Mark Newcomer sold 12,000 shares of Paysign stock. The shares were sold at an average price of $2.85, for a total transaction of $34,200.00.
• On Monday, December 9th, Mark Newcomer sold 41,000 shares of Paysign stock. The stock was sold at an average price of $3.31, for a total value of $135,710.00.
• On Wednesday, November 20th, Mark Newcomer sold 25,000 shares of Paysign stock. The shares were sold at an average price of $3.27, for a total value of $81,750.00.
• On Monday, November 18th, Mark Newcomer sold 40,000 shares of Paysign stock. The stock was sold at an average price of $3.24, for a total transaction of $129,600.00.

Paysign Trading Up 1.4 %

PAYS traded up $0.04 during trading on Thursday, hitting $2.90. The stock had a trading volume of 196,394 shares, compared to its average volume of 321,771. The firm has a market cap of $155.30 million, a PE ratio of 19.33 and a beta of 0.95. Paysign, Inc. has a 12 month low of $2.70 and a 12 month high of $5.59. The company has a 50 day simple moving average of $3.16 and a 200-day simple moving average of $3.91.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. Paysign had a return on equity of 30.64% and a net margin of 14.28%. The business 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 firm earned $0.02 EPS. As a group, sell-side analysts anticipate that Paysign, Inc. will post 0.21 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Paysign

Several hedge funds have recently modified their holdings of the business. SG Americas Securities LLC bought a new position in Paysign during the third quarter worth $43,000. Algert Global LLC bought a new position in shares of Paysign during the 2nd quarter worth about $46,000. The Manufacturers Life Insurance Company acquired a new position in shares of Paysign during the second quarter valued at about $66,000. American Century Companies Inc. acquired a new position in shares of Paysign during the second quarter valued at about $92,000. Finally, Bard Associates Inc. bought a new stake in shares of Paysign in the third quarter valued at about $103,000. 25.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PAYS shares. Lake Street Capital began coverage on shares of Paysign in a research note on Friday, December 20th. They issued a “buy” rating and a $6.00 price objective for the company. Barrington Research reissued an “outperform” rating and set a $7.00 price objective on shares of Paysign in a report on Monday, November 4th.

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.