Paysign (NASDAQ:PAYS) Reaches New 52-Week High – Still a Buy?

Paysign, Inc. (NASDAQ:PAYS) shares reached a new 52-week high on Monday . The company traded as high as $14.31 and last traded at $14.31, with a volume of 8415 shares traded. The stock had previously closed at $14.09.

Analyst Ratings Changes

PAYS has been the subject of a number of analyst reports. Wall Street Zen lowered Paysign from a “strong-buy” rating to a “buy” rating in a research note on Sunday, August 16th. Weiss Ratings upgraded Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, July 29th. Barrington Research set a $15.00 price objective on Paysign in a research note on Tuesday, August 11th. DA Davidson increased their target price on Paysign from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Finally, Lake Street Capital reiterated a “buy” rating and set a $13.00 target price on shares of Paysign in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $13.33.

Paysign Stock Up 1.6%

The company has a market capitalization of $807.97 million, a PE ratio of 55.04 and a beta of 0.74. The company’s 50 day moving average is $9.55 and its two-hundred day moving average is $6.74.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.11 EPS for the quarter, topping 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 analysts’ expectations 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. Analysts forecast that Paysign, Inc. will post 0.58 EPS for the current year.

Insider Transactions at Paysign

In related news, CFO Jeffery Bradford Baker sold 35,000 shares of the company’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 sale, the chief financial officer owned 542,171 shares of the company’s stock, valued at $6,842,198.02. This represents a 6.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Bruce A. Mina sold 10,000 shares of the stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $7.09, for a total transaction of $70,900.00. Following the completion of the transaction, the director directly owned 258,500 shares of the company’s stock, valued at approximately $1,832,765. The trade was a 3.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 406,736 shares of company stock worth $4,027,179. 24.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Paysign

A number of institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. raised its stake in shares of Paysign by 7.3% during the first quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company’s stock valued at $548,000 after acquiring an additional 17,466 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Paysign in the 1st quarter worth $51,000. Rhumbline Advisers grew its position in shares of Paysign by 5.2% during the 1st quarter. Rhumbline Advisers now owns 46,587 shares of the company’s stock worth $99,000 after buying an additional 2,303 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Paysign by 1.6% in the second quarter. Geode Capital Management LLC now owns 788,500 shares of the company’s stock valued at $5,679,000 after acquiring an additional 12,490 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Paysign by 19.1% in the second quarter. Invesco Ltd. now owns 16,942 shares of the company’s stock worth $122,000 after acquiring an additional 2,716 shares during the period. 25.89% of the stock is owned by hedge funds and other institutional investors.

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.