PaySign, Inc. (NASDAQ:PAYS) Receives $11.44 Consensus Price Target from Brokerages
Shares of PaySign, Inc. (NASDAQ:PAYS) have been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $11.44.
A number of analysts recently commented on PAYS shares. BidaskClub lowered PaySign from a “hold” rating to a “sell” rating in a report on Tuesday, September 1st. LADENBURG THALM/SH SH lowered PaySign from a “buy” rating to a “neutral” rating and lowered their target price for the company from $12.00 to $8.75 in a research note on Monday, August 17th. BTIG Research restated a “hold” rating on shares of PaySign in a research note on Thursday, August 13th. Maxim Group restated a “buy” rating and issued a $10.00 target price on shares of PaySign in a research note on Wednesday, August 19th. Finally, TheStreet lowered PaySign from a “b-” rating to a “c+” rating in a research note on Friday, August 28th.
PAYS stock opened at $5.70 on Friday. PaySign has a twelve month low of $3.63 and a twelve month high of $12.44. The stock’s 50 day moving average is $7.67 and its 200-day moving average is $7.50. The firm has a market capitalization of $282.42 million, a PE ratio of 51.82 and a beta of 1.36.
Several hedge funds and other institutional investors have recently made changes to their positions in PAYS. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of PaySign in the first quarter valued at $40,000. BNP Paribas Arbitrage SA grew its position in shares of PaySign by 116.1% in the first quarter. BNP Paribas Arbitrage SA now owns 9,292 shares of the company’s stock valued at $48,000 after purchasing an additional 4,993 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of PaySign by 108.2% in the first quarter. JPMorgan Chase & Co. now owns 9,984 shares of the company’s stock valued at $51,000 after purchasing an additional 132,279 shares in the last quarter. Citigroup Inc. grew its position in shares of PaySign by 60.8% in the first quarter. Citigroup Inc. now owns 11,758 shares of the company’s stock valued at $61,000 after purchasing an additional 4,446 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of PaySign in the second quarter valued at $75,000. Institutional investors own 28.05% of the company’s stock.
PaySign, Inc provides prepaid card programs and processing services under the PaySign brand to corporations, government agencies, universities, and other organizations. The company offers various services, including transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service through PaySign, a proprietary card-processing platform.
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