Insider Selling: Paysign, Inc. (NASDAQ:PAYS) CEO Sells 100,000 Shares of Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $2.73, for a total transaction of $273,000.00. Following the sale, the chief executive officer now directly owns 8,936,886 shares of the company’s stock, valued at approximately $24,397,698.78. This trade represents a 1.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Mark Newcomer also recently made the following trade(s):

• On Thursday, January 23rd, Mark Newcomer sold 12,000 shares of Paysign stock. The stock was sold at an average price of $2.85, for a total transaction of $34,200.00.
• On Tuesday, January 21st, Mark Newcomer sold 61,000 shares of Paysign stock. The shares were sold at an average price of $2.89, for a total value of $176,290.00.
• On Monday, December 9th, Mark Newcomer sold 41,000 shares of Paysign stock. The stock was sold at an average price of $3.31, for a total value of $135,710.00.

Paysign Stock Up 1.8 %

Shares of NASDAQ:PAYS opened at $2.76 on Thursday. The business’s 50 day moving average is $2.89 and its 200 day moving average is $3.56. Paysign, Inc. has a 12-month low of $2.46 and a 12-month high of $5.59. The stock has a market cap of $147.79 million, a price-to-earnings ratio of 18.40 and a beta of 0.93.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PAYS shares. Lake Street Capital began coverage on Paysign in a research report on Friday, December 20th. They set a “buy” rating and a $6.00 target price on the stock. Barrington Research restated an “outperform” rating and set a $7.00 price objective on shares of Paysign in a report on Monday, November 4th.

Institutional Trading of Paysign

Several institutional investors have recently made changes to their positions in PAYS. SG Americas Securities LLC lifted its position in shares of Paysign by 33.5% during the fourth quarter. SG Americas Securities LLC now owns 15,508 shares of the company’s stock valued at $47,000 after purchasing an additional 3,895 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Paysign by 4.3% in the 3rd quarter. Sanctuary Advisors LLC now owns 121,089 shares of the company’s stock valued at $419,000 after buying an additional 5,000 shares during the last quarter. Barclays PLC lifted its position in shares of Paysign by 10.8% during the 4th quarter. Barclays PLC now owns 52,178 shares of the company’s stock worth $157,000 after buying an additional 5,088 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Paysign by 51.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,385 shares of the company’s stock worth $46,000 after buying an additional 5,243 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of Paysign by 13.7% in the fourth quarter. Rhumbline Advisers now owns 44,284 shares of the company’s stock valued at $134,000 after acquiring an additional 5,339 shares in the last quarter. Institutional investors own 25.89% of the company’s stock.

Paysign Company Profile

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.