Paysign, Inc. (NASDAQ:PAYS – Get Free Report) EVP Joan M. Herman sold 15,854 shares of the company’s stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $4.54, for a total transaction of $71,977.16. Following the completion of the sale, the executive vice president now directly owns 799,743 shares of the company’s stock, valued at $3,630,833.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Paysign Trading Up 3.6 %
Shares of NASDAQ PAYS traded up $0.16 during midday trading on Tuesday, reaching $4.63. 289,636 shares of the company were exchanged, compared to its average volume of 303,290. The stock has a fifty day simple moving average of $4.40 and a 200 day simple moving average of $3.98. Paysign, Inc. has a 1 year low of $1.67 and a 1 year high of $5.59. The stock has a market cap of $245.30 million, a P/E ratio of 35.62 and a beta of 0.97.
Paysign (NASDAQ:PAYS – Get Free Report) last announced its earnings results on Tuesday, May 7th. The company reported $0.01 earnings per share (EPS) for the quarter. The company had revenue of $13.19 million during the quarter, compared to analysts’ expectations of $12.46 million. Paysign had a net margin of 14.42% and a return on equity of 34.04%. As a group, analysts forecast that Paysign, Inc. will post 0.19 earnings per share for the current year.
Institutional Investors Weigh In On Paysign
Analysts Set New Price Targets
PAYS has been the subject of several research analyst reports. DA Davidson lifted their target price on shares of Paysign from $4.50 to $5.50 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Maxim Group upped their target price on Paysign from $5.50 to $6.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Paysign in a research note on Friday, June 28th.
Check Out Our Latest Research Report on PAYS
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.
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