Paysign (NASDAQ:PAYS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Paysign (NASDAQ:PAYS) from a hold rating to a buy rating in a research report report published on Saturday.

PAYS has been the topic of several other research reports. DA Davidson reiterated a “buy” rating and set a $9.00 price objective on shares of Paysign in a report on Thursday, November 13th. Weiss Ratings restated a “hold (c)” rating on shares of Paysign in a research note on Wednesday, October 8th. Finally, Lake Street Capital upped their price target on Paysign from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Paysign has an average rating of “Moderate Buy” and a consensus price target of $8.56.

Paysign Stock Performance

Shares of PAYS stock opened at $5.06 on Friday. Paysign has a fifty-two week low of $1.80 and a fifty-two week high of $8.88. The stock has a 50 day simple moving average of $5.57 and a two-hundred day simple moving average of $5.59. The company has a market cap of $275.53 million, a P/E ratio of 42.17 and a beta of 0.87.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. The firm had revenue of $21.60 million for the quarter, compared to analysts’ expectations of $19.92 million. Paysign had a return on equity of 19.32% and a net margin of 9.90%. Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. On average, research analysts predict that Paysign will post 0.21 earnings per share for the current year.

Institutional Investors Weigh In On Paysign

A number of institutional investors and hedge funds have recently made changes to their positions in PAYS. Royce & Associates LP lifted its position in Paysign by 36.5% in the 1st quarter. Royce & Associates LP now owns 19,319 shares of the company’s stock valued at $41,000 after acquiring an additional 5,166 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Paysign by 38.3% during the 1st quarter. GSA Capital Partners LLP now owns 271,781 shares of the company’s stock worth $576,000 after purchasing an additional 75,311 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Paysign in the first quarter worth approximately $95,000. Goldman Sachs Group Inc. raised its stake in shares of Paysign by 7.3% in the first quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company’s stock worth $548,000 after purchasing an additional 17,466 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Paysign in the first quarter valued at approximately $51,000. Institutional investors and hedge funds own 25.89% of the company’s 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.