Paysign (NASDAQ:PAYS) Receives Buy Rating from DA Davidson

Paysign (NASDAQ:PAYS)‘s stock had its “buy” rating restated by analysts at DA Davidson in a report issued on Thursday,Benzinga reports. They presently have a $9.00 target price on the stock. DA Davidson’s price target points to a potential upside of 57.73% from the stock’s current price.

Other analysts also recently issued research reports about the stock. Lake Street Capital boosted their price objective on shares of Paysign from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Weiss Ratings restated a “hold (c)” rating on shares of Paysign in a research note on Wednesday, October 8th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $8.56.

Paysign Stock Up 4.3%

PAYS stock traded up $0.24 during trading on Thursday, reaching $5.71. The company’s stock had a trading volume of 927,501 shares, compared to its average volume of 521,887. The company has a market capitalization of $310.70 million, a P/E ratio of 47.54 and a beta of 0.87. The company’s fifty day moving average is $5.57 and its 200-day moving average is $5.50. Paysign has a 1 year low of $1.80 and a 1 year high of $8.88.

Paysign (NASDAQ:PAYS) last announced its earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, meeting 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 for the quarter, compared to the consensus estimate of $19.92 million. Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. Analysts anticipate that Paysign will post 0.21 earnings per share for the current year.

Institutional Investors Weigh In On Paysign

Several institutional investors have recently modified their holdings of PAYS. Rhumbline Advisers raised its holdings in shares of Paysign by 4.7% in the second quarter. Rhumbline Advisers now owns 48,770 shares of the company’s stock valued at $351,000 after acquiring an additional 2,183 shares in the last quarter. Invesco Ltd. grew its stake in shares of Paysign by 19.1% in the 2nd quarter. Invesco Ltd. now owns 16,942 shares of the company’s stock valued at $122,000 after buying an additional 2,716 shares during the period. Intech Investment Management LLC lifted its stake in Paysign by 18.0% during the 3rd quarter. Intech Investment Management LLC now owns 17,851 shares of the company’s stock worth $112,000 after acquiring an additional 2,723 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Paysign in the second quarter valued at approximately $30,000. Finally, Royce & Associates LP boosted its stake in 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 acquiring an additional 5,166 shares in the last quarter. 25.89% of the stock is owned by institutional investors.

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.