Paysign, Inc. (NASDAQ:PAYS) Short Interest Update

Paysign, Inc. (NASDAQ:PAYS) saw a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 1,685,717 shares, a decline of 26.4% from the March 31st total of 2,289,773 shares. Approximately 4.0% of the shares of the stock are short sold. Based on an average trading volume of 976,738 shares, the short-interest ratio is presently 1.7 days.

Paysign Stock Performance

Shares of PAYS stock traded up $0.30 on Friday, hitting $6.86. The stock had a trading volume of 598,597 shares, compared to its average volume of 728,563. The firm has a market capitalization of $378.60 million, a price-to-earnings ratio of 52.77 and a beta of 0.72. The stock’s 50 day moving average is $4.83 and its 200-day moving average is $4.87. Paysign has a 52-week low of $2.28 and a 52-week high of $8.88.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Tuesday, March 24th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). Paysign had a net margin of 9.21% and a return on equity of 17.19%. The company had revenue of $22.76 million for the quarter, compared to the consensus estimate of $21.54 million. Equities analysts expect that Paysign will post 0.52 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on PAYS. DA Davidson reissued a “buy” rating and issued a $9.00 price objective on shares of Paysign in a research report on Thursday, March 26th. Lake Street Capital upped their price target on shares of Paysign from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, March 25th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Paysign in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of Paysign from a “hold” rating to a “buy” rating in a research report on Monday, March 30th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $9.42.

Institutional Trading of Paysign

A number of institutional investors and hedge funds have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of Paysign in the 2nd quarter worth about $30,000. BNP Paribas Financial Markets increased its holdings in shares of Paysign by 99.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock worth $43,000 after acquiring an additional 3,453 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in shares of Paysign by 381.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 9,876 shares of the company’s stock worth $51,000 after acquiring an additional 7,825 shares during the period. Jane Street Group LLC acquired a new stake in shares of Paysign in the 1st quarter worth about $51,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Paysign in the 4th quarter worth about $52,000. 25.89% of the stock is owned by institutional investors and hedge funds.

About Paysign

Paysign, Inc (NASDAQ:PAYS) is a U.S.-based financial technology company specializing in prepaid payment solutions. Through its cloud-based platform, the company enables corporations, government agencies and payroll providers to issue and manage stored-value cards, digital wallets and disbursement programs. Paysign’s offerings span gift and incentive cards, payroll and earned-wage access cards, government benefit distribution, tax refund solutions and health savings account disbursements.

The company’s flagship Paysign Experience Platform provides configurable card programs with real-time transaction reporting, fraud monitoring and regulatory compliance tools.