PaySign, Inc. (NASDAQ:PAYS) Receives $12.33 Consensus Price Target from Brokerages

Shares of PaySign, Inc. (NASDAQ:PAYS) have been assigned an average rating of “Buy” from the six brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $12.33.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of PaySign from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Saturday, August 10th. LADENBURG THALM/SH SH assumed coverage on shares of PaySign in a research report on Thursday, May 16th. They set a “buy” rating and a $12.00 price objective for the company. Maxim Group reaffirmed a “buy” rating and set a $10.00 price objective on shares of PaySign in a research report on Wednesday, May 8th. ValuEngine downgraded shares of PaySign from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, BTIG Research restated a “hold” rating on shares of PaySign in a research report on Monday.

Shares of PaySign stock traded up $0.08 during trading on Friday, reaching $13.91. The company had a trading volume of 19,069 shares, compared to its average volume of 2,318,868. The firm has a market capitalization of $626.98 million, a P/E ratio of 153.89 and a beta of 0.73. The firm’s fifty day simple moving average is $14.28. PaySign has a fifty-two week low of $2.63 and a fifty-two week high of $18.67.



PaySign (NASDAQ:PAYS) last issued its earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. PaySign had a net margin of 13.90% and a return on equity of 66.14%. The business had revenue of $8.64 million for the quarter, compared to analyst estimates of $8.48 million. During the same quarter in the prior year, the business posted $0.03 EPS. The company’s revenue for the quarter was up 58.2% on a year-over-year basis. As a group, analysts predict that PaySign will post 0.29 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Montreal Can bought a new position in shares of PaySign in the second quarter valued at approximately $33,000. Mascoma Wealth Management LLC bought a new position in shares of PaySign in the second quarter valued at approximately $40,000. TRUE Private Wealth Advisors bought a new position in shares of PaySign in the second quarter valued at approximately $66,000. Kavar Capital Partners LLC bought a new position in shares of PaySign in the second quarter valued at approximately $79,000. Finally, Strs Ohio bought a new position in shares of PaySign in the second quarter valued at approximately $105,000. Hedge funds and other institutional investors own 11.88% of the company’s stock.

About PaySign

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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