PaySign, Inc. (NASDAQ:PAYS) Given Consensus Rating of “Hold” by Brokerages

Shares of PaySign, Inc. (NASDAQ:PAYS) have been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.50.

PAYS has been the subject of several recent research reports. ValuEngine upgraded PaySign from a “strong sell” rating to a “sell” rating in a research note on Friday, November 1st. DA Davidson initiated coverage on PaySign in a research note on Thursday, November 14th. They set a “buy” rating and a $16.00 target price for the company. Finally, Zacks Investment Research cut PaySign from a “buy” rating to a “hold” rating in a research note on Saturday, January 4th.

Shares of PAYS stock traded down $0.14 during trading on Tuesday, hitting $9.28. The company had a trading volume of 314,997 shares, compared to its average volume of 621,756. The firm has a market capitalization of $446.50 million, a P/E ratio of 103.11 and a beta of 0.67. The stock’s 50-day moving average price is $10.00 and its 200 day moving average price is $11.79. PaySign has a one year low of $3.51 and a one year high of $18.67.

PaySign (NASDAQ:PAYS) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.02. The business had revenue of $9.00 million during the quarter, compared to analysts’ expectations of $8.98 million. PaySign had a return on equity of 66.05% and a net margin of 19.56%. The firm’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, analysts predict that PaySign will post 0.27 EPS for the current year.

In other PaySign news, Director Quinn P. Williams sold 15,000 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $11.03, for a total transaction of $165,450.00. 38.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAYS. BlackRock Inc. bought a new stake in PaySign during the second quarter worth $21,358,000. Vanguard Group Inc. bought a new stake in PaySign during the second quarter worth $21,049,000. Invesco Ltd. acquired a new position in shares of PaySign during the second quarter worth $7,465,000. Renaissance Technologies LLC acquired a new position in shares of PaySign during the second quarter worth $5,026,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of PaySign during the second quarter worth $3,267,000. Hedge funds and other institutional investors own 30.59% of the company’s stock.

PaySign Company Profile

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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Analyst Recommendations for PaySign (NASDAQ:PAYS)

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