Paysign (NASDAQ:PAYS) Downgraded by Wall Street Zen to “Buy”

Wall Street Zen downgraded shares of Paysign (NASDAQ:PAYS) from a strong-buy rating to a buy rating in a research note issued to investors on Sunday morning.

Several other brokerages also recently issued reports on PAYS. Lake Street Capital reissued a “buy” rating and set a $13.00 price objective on shares of Paysign in a research note on Thursday, August 6th. DA Davidson lifted their price target on Paysign from $9.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Finally, Barrington Research set a $15.00 price target on Paysign in a research report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Paysign has an average rating of “Buy” and an average price target of $13.33.

Paysign Stock Performance

Shares of PAYS opened at $13.17 on Friday. Paysign has a fifty-two week low of $3.08 and a fifty-two week high of $13.25. The firm has a 50-day simple moving average of $8.87 and a 200-day simple moving average of $6.41. The company has a market capitalization of $743.58 million, a price-to-earnings ratio of 50.66 and a beta of 0.74.

Paysign (NASDAQ:PAYS) last issued its earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. Paysign had a net margin of 15.67% and a return on equity of 30.13%. The business had revenue of $28.25 million for the quarter, compared to the consensus estimate of $26.36 million. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. Equities research analysts forecast that Paysign will post 0.58 EPS for the current year.

Insider Activity

In related news, CFO Jeffery Bradford Baker sold 35,000 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $12.62, for a total transaction of $441,700.00. Following the completion of the sale, the chief financial officer directly owned 542,171 shares of the company’s stock, valued at approximately $6,842,198.02. This trade represents a 6.06% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joan M. Herman sold 100,000 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $8.01, for a total transaction of $801,000.00. Following the completion of the transaction, the executive vice president directly owned 707,009 shares of the company’s stock, valued at approximately $5,663,142.09. The trade was a 12.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 406,736 shares of company stock valued at $4,027,179 over the last ninety days. 24.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Topline Capital Management LLC raised its stake in Paysign by 1.6% during the second quarter. Topline Capital Management LLC now owns 5,421,737 shares of the company’s stock worth $39,037,000 after acquiring an additional 85,591 shares during the period. BlackRock Inc. acquired a new position in Paysign during the 2nd quarter worth $25,219,000. Punch & Associates Investment Management Inc. raised its stake in shares of Paysign by 40.7% during the first quarter. Punch & Associates Investment Management Inc. now owns 2,058,210 shares of the company’s stock valued at $12,143,000 after purchasing an additional 595,650 shares in the last quarter. Vanguard Group Inc. grew its position in Paysign by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,820,371 shares of the company’s stock valued at $11,450,000 after buying an additional 29,150 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Paysign by 17.4% in the first quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company’s stock valued at $9,033,000 after acquiring an additional 227,300 shares in the last quarter. Institutional investors own 25.89% of the company’s stock.

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.