Barrington Research Reiterates “Outperform” Rating for Paysign (NASDAQ:PAYS)

Paysign (NASDAQ:PAYS)‘s stock had its “outperform” rating restated by Barrington Research in a note issued to investors on Monday, Benzinga reports. They currently have a $5.50 price target on the stock. Barrington Research’s price objective indicates a potential upside of 17.77% from the stock’s previous close.

Separately, DA Davidson lifted their target price on shares of Paysign from $4.50 to $5.50 and gave the company a “buy” rating in a report on Tuesday, April 30th.

Paysign Price Performance

PAYS stock opened at $4.67 on Monday. Paysign has a 1 year low of $1.67 and a 1 year high of $4.80. The company has a market cap of $247.37 million, a P/E ratio of 38.92 and a beta of 0.98. The firm has a 50-day moving average of $3.84 and a 200 day moving average of $3.03.

Paysign (NASDAQ:PAYS) last announced its earnings results on Tuesday, March 26th. The company reported $0.10 EPS for the quarter. The firm had revenue of $13.69 million for the quarter, compared to analysts’ expectations of $11.57 million. Paysign had a net margin of 13.66% and a return on equity of 34.33%. On average, equities research analysts expect that Paysign will post 0.22 earnings per share for the current fiscal year.

Insider Transactions at Paysign

In related news, insider Topline Capital Management, Ll purchased 54,183 shares of the stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $2.97 per share, with a total value of $160,923.51. Following the transaction, the insider now directly owns 6,153,500 shares in the company, valued at $18,275,895. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Topline Capital Management, Ll purchased 54,183 shares of the stock in a transaction dated Friday, March 15th. The stock was purchased at an average price of $2.97 per share, with a total value of $160,923.51. Following the transaction, the insider now directly owns 6,153,500 shares in the company, valued at $18,275,895. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeffery Bradford Baker sold 27,691 shares of Paysign stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $2.87, for a total value of $79,473.17. Following the completion of the sale, the chief financial officer now owns 157,097 shares of the company’s stock, valued at $450,868.39. The disclosure for this sale can be found here. Insiders purchased a total of 476,086 shares of company stock valued at $1,416,208 in the last quarter. 23.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Paysign

Several large investors have recently bought and sold shares of PAYS. Norden Group LLC increased its position in Paysign by 38.7% during the first quarter. Norden Group LLC now owns 14,883 shares of the company’s stock valued at $54,000 after acquiring an additional 4,151 shares during the last quarter. Bridge City Capital LLC bought a new position in shares of Paysign in the 3rd quarter worth approximately $61,000. Portside Wealth Group LLC boosted its holdings in shares of Paysign by 33.7% in the third quarter. Portside Wealth Group LLC now owns 33,740 shares of the company’s stock worth $68,000 after buying an additional 8,508 shares during the last quarter. Spouting Rock Asset Management LLC grew its position in Paysign by 39.0% during the third quarter. Spouting Rock Asset Management LLC now owns 38,167 shares of the company’s stock valued at $74,000 after buying an additional 10,700 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in Paysign by 18.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company’s stock valued at $74,000 after buying an additional 5,874 shares during the last quarter. 25.89% of the stock is currently owned by institutional investors.

About Paysign

Paysign, Inc provides prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing services for businesses, consumers, and government institutions. Its product offerings include solutions for corporate rewards, prepaid gift cards, general purpose reloadable debit cards, employee incentives, consumer rebates, donor compensation, clinical trials, healthcare reimbursement payments and pharmaceutical payment assistance, and demand deposit accounts accessible with a debit card.