Paysign (NASDAQ:PAYS) Announces Earnings Results

Paysign (NASDAQ:PAYS) announced its quarterly earnings data on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02, Zacks reports. The firm had revenue of $15.26 million for the quarter, compared to the consensus estimate of $14.96 million. Paysign had a net margin of 14.42% and a return on equity of 32.55%. During the same period in the prior year, the company posted $0.02 earnings per share. Paysign updated its FY 2024 guidance to EPS.

Paysign Stock Down 3.0 %

Shares of PAYS stock traded down $0.12 on Thursday, reaching $3.94. The company had a trading volume of 156,763 shares, compared to its average volume of 253,108. The stock has a market capitalization of $209.36 million, a PE ratio of 28.14 and a beta of 0.95. Paysign has a one year low of $2.11 and a one year high of $5.59. The business’s 50-day moving average is $4.00 and its 200 day moving average is $4.36.

Insider Transactions at Paysign

In related news, CEO Mark Newcomer sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $4.25, for a total value of $212,500.00. Following the completion of the transaction, the chief executive officer now owns 9,486,886 shares in the company, valued at $40,319,265.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Mark Newcomer sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $4.25, for a total value of $212,500.00. Following the completion of the transaction, the chief executive officer now owns 9,486,886 shares in the company, valued at $40,319,265.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Daniel Spence sold 100,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $3.60, for a total transaction of $360,000.00. Following the completion of the transaction, the insider now owns 9,090,000 shares of the company’s stock, valued at approximately $32,724,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 211,000 shares of company stock valued at $800,260. 23.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and set a $7.00 price objective on shares of Paysign in a research note on Monday.

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.