Paysign (NASDAQ:PAYS) Reaches New 1-Year High – Here’s What Happened

Paysign, Inc. (NASDAQ:PAYS) shares reached a new 52-week high during trading on Tuesday. The company traded as high as $15.95 and last traded at $15.8650, with a volume of 236,577 shares trading hands. The stock had previously closed at $15.34.

Analyst Upgrades and Downgrades

Several brokerages recently commented on PAYS. Lake Street Capital raised their price objective on Paysign from $13.00 to $15.00 and gave the stock a “buy” rating in a research note on Tuesday, September 15th. Weiss Ratings raised Paysign from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. DA Davidson boosted their target price on Paysign from $12.00 to $15.00 and gave the company a “buy” rating in a research note on Wednesday, September 30th. Wall Street Zen downgraded Paysign from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th. Finally, Barrington Research set a $15.00 price target on Paysign in a research report on Tuesday, August 11th. Three analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $15.00.

Paysign Stock Performance

The firm’s fifty day simple moving average is $13.62 and its 200 day simple moving average is $9.71. The stock has a market capitalization of $881.91 million, a price-to-earnings ratio of 60.08 and a beta of 0.83.

Paysign (NASDAQ:PAYS) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.05. Paysign had a net margin of 15.67% and a return on equity of 30.13%. The company had revenue of $28.25 million during the quarter, compared to analysts’ expectations of $26.36 million. Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. Analysts forecast that Paysign, Inc. will post 0.58 earnings per share for the current year.

Insider Activity at Paysign

In related news, CEO Mark Newcomer sold 50,000 shares of the company’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $15.34, for a total value of $767,000.00. Following the completion of the transaction, the chief executive officer directly owned 9,113,002 shares of the company’s stock, valued at approximately $139,793,450.68. This represents a 0.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Jeffery Baker sold 35,000 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $12.62, for a total transaction of $441,700.00. Following the completion of the transaction, the chief financial officer directly owned 542,171 shares of the company’s stock, valued at approximately $6,842,198.02. The trade was a 6.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 494,904 shares of company stock valued at $6,095,124. 24.50% of the stock is owned by insiders.

Institutional Trading of Paysign

Hedge funds and other institutional investors have recently modified their holdings of the company. Counterpoint Mutual Funds LLC acquired a new position in Paysign during the 3rd quarter worth approximately $311,000. Tidal Investments LLC acquired a new stake in shares of Paysign in the second quarter valued at approximately $121,000. Connective Capital Management LLC acquired a new stake in shares of Paysign in the second quarter valued at approximately $327,000. Corient Private Wealth LP raised its holdings in shares of Paysign by 69.8% in the second quarter. Corient Private Wealth LP now owns 30,159 shares of the company’s stock valued at $247,000 after purchasing an additional 12,396 shares during the last quarter. Finally, Punch & Associates Investment Management Inc. bought a new stake in shares of Paysign in the second quarter worth $16,983,000. Institutional investors and hedge funds own 25.89% of the company’s stock.

About Paysign

Paysign, Inc (NASDAQ: PAYS) is a financial technology company that provides payment and prepaid card solutions for businesses and organizations. Its platform supports the issuance, distribution and management of branded prepaid cards and other electronic payment products, helping clients deliver funds to consumers and program participants.

The company serves several specialized markets, including plasma collection centers, pharmaceutical manufacturers and other healthcare-related organizations.