Paysign (NASDAQ:PAYS) Stock Jumps 3.8% – Still a Buy?

Paysign, Inc. (NASDAQ:PAYS)’s stock price shot up 3.8% during trading on Wednesday. The stock traded as high as $14.79 and last traded at $14.9010. Approximately 154,524 shares traded hands during trading, a decline of 78% from the average daily volume of 712,919 shares. The stock had previously closed at $14.36.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PAYS shares. DA Davidson boosted their price target on shares of Paysign from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Wednesday, September 30th. Weiss Ratings raised Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Lake Street Capital lifted their target price on Paysign from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Tuesday, September 15th. Wall Street Zen cut Paysign from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 16th. Finally, Barrington Research set a $15.00 price target on Paysign in a research note on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $15.00.

Paysign Trading Up 0.1%

The stock has a market cap of $844.67 million, a price-to-earnings ratio of 57.54 and a beta of 0.83. The stock’s 50 day moving average is $12.86 and its two-hundred day moving average is $9.06.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. Paysign had a net margin of 15.67% and a return on equity of 30.13%. The company had revenue of $28.25 million for the quarter, compared to analyst estimates 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. On average, sell-side analysts predict that Paysign, Inc. will post 0.58 EPS for the current year.

Insider Buying and Selling

In other Paysign news, CEO Mark Newcomer sold 150,000 shares of the stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $11.88, for a total transaction of $1,782,000.00. Following the completion of the sale, the chief executive officer directly owned 9,163,002 shares of the company’s stock, valued at approximately $108,856,463.76. This trade represents a 1.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffery Baker sold 35,000 shares of Paysign stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $12.62, for a total value of $441,700.00. Following the completion of the transaction, the chief financial officer owned 542,171 shares in the company, valued at $6,842,198.02. This trade represents a 6.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 444,904 shares of company stock worth $5,328,124. Insiders own 24.50% of the company’s stock.

Institutional Investors Weigh In On Paysign

Several large investors have recently modified their holdings of PAYS. BlackRock Inc. purchased a new position in Paysign in the 2nd quarter valued at $25,219,000. Punch & Associates Investment Management Inc. purchased a new position in Paysign during the 2nd quarter worth $16,983,000. Renaissance Technologies LLC lifted its stake in shares of Paysign by 17.4% in the 1st quarter. Renaissance Technologies LLC now owns 1,531,072 shares of the company’s stock worth $9,033,000 after acquiring an additional 227,300 shares during the period. AWM Investment Company Inc. purchased a new stake in shares of Paysign in the second quarter valued at about $6,560,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Paysign by 16.8% in the first quarter. Dimensional Fund Advisors LP now owns 575,619 shares of the company’s stock valued at $3,396,000 after acquiring an additional 82,736 shares in the last quarter. Hedge funds and other institutional investors own 25.89% of the company’s stock.

About Paysign

Paysign, Inc (NASDAQ: PAYS) provides prepaid payment and financial technology solutions, with a focus on healthcare, pharmaceutical and other specialized markets. Its platform supports the issuance and management of prepaid cards, digital payments, account services and related payment-processing activities.

The company’s healthcare offerings include patient assistance and copay programs that help pharmaceutical manufacturers distribute financial support to eligible patients. Paysign also provides payment and card solutions for plasma collection centers, including programs used to compensate plasma donors.