Mark Newcomer Sells 100,000 Shares of Paysign, Inc. (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $2.73, for a total transaction of $273,000.00. Following the sale, the chief executive officer now owns 8,936,886 shares in the company, valued at $24,397,698.78. This trade represents a 1.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Thursday, January 23rd, Mark Newcomer sold 12,000 shares of Paysign stock. The stock was sold at an average price of $2.85, for a total transaction of $34,200.00.
• On Tuesday, January 21st, Mark Newcomer sold 61,000 shares of Paysign stock. The stock was sold at an average price of $2.89, for a total transaction of $176,290.00.
• On Monday, December 9th, Mark Newcomer sold 41,000 shares of Paysign stock. The shares were sold at an average price of $3.31, for a total value of $135,710.00.

Paysign Price Performance

Paysign stock opened at $2.62 on Friday. The company has a market cap of $140.30 million, a price-to-earnings ratio of 17.47 and a beta of 0.93. The firm has a 50-day moving average of $2.88 and a 200-day moving average of $3.55. Paysign, Inc. has a one year low of $2.46 and a one year high of $5.59.

Institutional Trading of Paysign

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in Paysign in the third quarter valued at approximately $43,000. PDT Partners LLC acquired a new stake in shares of Paysign in the 4th quarter valued at approximately $39,000. Wells Fargo & Company MN grew its stake in shares of Paysign by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 15,385 shares of the company’s stock valued at $46,000 after buying an additional 5,243 shares in the last quarter. Virtu Financial LLC acquired a new position in Paysign during the fourth quarter worth $78,000. Finally, Bard Associates Inc. acquired a new position in Paysign during the third quarter worth $103,000. Institutional investors own 25.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PAYS. Barrington Research reaffirmed an “outperform” rating and set a $7.00 price objective on shares of Paysign in a research report on Monday, November 4th. Lake Street Capital started coverage on Paysign in a research report on Friday, December 20th. They set a “buy” rating and a $6.00 price target for the company.

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.