Paysign (PAYS) to Release Quarterly Earnings on Wednesday

Paysign (NASDAQ:PAYS) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Persons interested in participating in the company’s earnings conference call can do so using this link.

Paysign (NASDAQ:PAYS) last released its earnings results on Tuesday, May 7th. The company reported $0.01 earnings per share (EPS) for the quarter. Paysign had a return on equity of 32.75% and a net margin of 13.77%. The company had revenue of $13.19 million for the quarter, compared to analyst estimates of $12.46 million. On average, analysts expect Paysign to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Paysign Stock Down 3.4 %

PAYS stock opened at $5.14 on Tuesday. Paysign has a 52 week low of $1.67 and a 52 week high of $5.55. The business has a 50-day simple moving average of $4.40 and a 200 day simple moving average of $3.90. The company has a market cap of $272.31 million, a PE ratio of 39.54 and a beta of 0.98.

Analysts Set New Price Targets

Several brokerages have commented on PAYS. Barrington Research restated an “outperform” rating and set a $7.00 price objective on shares of Paysign in a research report on Friday, June 28th. DA Davidson upped their price objective on shares of Paysign from $4.50 to $5.50 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Finally, Maxim Group raised their target price on shares of Paysign from $5.50 to $6.00 and gave the company a “buy” rating in a research report on Wednesday, May 8th.

Insider Transactions at Paysign

In related news, insider Matthew Louis Lanford sold 8,038 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $4.03, for a total value of $32,393.14. Following the completion of the transaction, the insider now owns 100,431 shares in the company, valued at approximately $404,736.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 23.40% 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.