Paysign (NASDAQ:PAYS) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Paysign (NASDAQ:PAYS) from a hold rating to a buy rating in a report issued on Saturday.

A number of other research firms have also recently weighed in on PAYS. Lake Street Capital increased their price objective on Paysign from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Wednesday, August 6th. DA Davidson restated a “buy” rating and set a $9.00 price target on shares of Paysign in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Paysign in a report on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, Paysign presently has a consensus rating of “Moderate Buy” and an average target price of $8.56.

Paysign Stock Performance

NASDAQ PAYS opened at $5.11 on Friday. The firm has a market cap of $278.25 million, a PE ratio of 42.58 and a beta of 0.87. Paysign has a one year low of $1.80 and a one year high of $8.88. The firm’s fifty day moving average is $5.57 and its two-hundred day moving average is $5.54.

Paysign (NASDAQ:PAYS) last announced its earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Paysign had a net margin of 9.90% and a return on equity of 19.32%. The business had revenue of $21.60 million during the quarter, compared to the consensus estimate of $19.92 million. Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. Research analysts predict that Paysign will post 0.21 earnings per share for the current year.

Institutional Investors Weigh In On Paysign

Several institutional investors have recently made changes to their positions in PAYS. Raymond James Financial Inc. acquired a new position in shares of Paysign during the 2nd quarter worth $30,000. Royce & Associates LP lifted its stake in shares of Paysign by 36.5% in the first quarter. Royce & Associates LP now owns 19,319 shares of the company’s stock valued at $41,000 after purchasing an additional 5,166 shares during the period. BNP Paribas Financial Markets boosted its holdings in Paysign by 99.8% during the third quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock worth $43,000 after buying an additional 3,453 shares in the last quarter. Jane Street Group LLC acquired a new position in Paysign during the first quarter worth about $51,000. Finally, Inscription Capital LLC acquired a new position in Paysign during the third quarter worth about $69,000. 25.89% of the stock is currently owned by hedge funds and other 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.