Paysign, Inc. (NASDAQ:PAYS) Insider Matthew Louis Lanford Sells 25,360 Shares

Paysign, Inc. (NASDAQ:PAYS) insider Matthew Louis Lanford sold 25,360 shares of Paysign stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $3.96, for a total value of $100,425.60. Following the transaction, the insider now owns 109,731 shares in the company, valued at approximately $434,534.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Paysign Stock Performance

Shares of NASDAQ:PAYS traded down $0.17 during trading hours on Wednesday, reaching $3.68. The stock had a trading volume of 134,817 shares, compared to its average volume of 251,627. The firm’s 50 day moving average is $3.96 and its 200-day moving average is $4.34. Paysign, Inc. has a 1 year low of $2.22 and a 1 year high of $5.59. The stock has a market capitalization of $197.06 million, a price-to-earnings ratio of 25.60 and a beta of 0.95.

Paysign (NASDAQ:PAYS) last posted its earnings results on Tuesday, November 5th. The company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $15.26 million during the quarter, compared to analysts’ expectations of $14.96 million. Paysign had a net margin of 14.28% and a return on equity of 30.64%. During the same quarter in the prior year, the firm earned $0.02 EPS. Analysts forecast that Paysign, Inc. will post 0.21 EPS for the current year.

Institutional Investors Weigh In On Paysign

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new position in shares of Paysign during the 3rd quarter worth approximately $43,000. Algert Global LLC purchased a new stake in Paysign in the 2nd quarter worth approximately $46,000. The Manufacturers Life Insurance Company acquired a new stake in Paysign in the 2nd quarter valued at about $66,000. American Century Companies Inc. purchased a new stake in Paysign in the second quarter valued at approximately $92,000. Finally, Bard Associates Inc. purchased a new position in shares of Paysign in the 3rd quarter valued at about $103,000. 25.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and set a $7.00 target price on shares of Paysign in a research report on Monday, November 4th.

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.