Paysign, Inc. (NASDAQ:PAYS) Insider Topline Capital Management, Ll Sells 231,187 Shares

Paysign, Inc. (NASDAQ:PAYS) insider Topline Capital Management, Ll sold 231,187 shares of the business’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $3.31, for a total transaction of $765,228.97. Following the completion of the sale, the insider now owns 5,859,046 shares in the company, valued at $19,393,442.26. This represents a 3.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Topline Capital Management, Ll also recently made the following trade(s):

• On Monday, December 30th, Topline Capital Management, Ll sold 227,084 shares of Paysign stock. The shares were sold at an average price of $3.07, for a total transaction of $697,147.88.

Paysign Stock Performance

PAYS traded down $0.05 during mid-day trading on Tuesday, reaching $3.02. The stock had a trading volume of 231,026 shares, compared to its average volume of 247,984. The stock has a market capitalization of $161.71 million, a P/E ratio of 20.13 and a beta of 0.93. Paysign, Inc. has a 52 week low of $2.40 and a 52 week high of $5.59. The firm’s fifty day simple moving average is $3.43 and its two-hundred day simple moving average is $4.02.

Paysign (NASDAQ:PAYS) last issued its earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.02. Paysign had a net margin of 14.28% and a return on equity of 30.64%. The company had revenue of $15.26 million for the quarter, compared to analyst estimates of $14.96 million. During the same quarter last year, the firm earned $0.02 EPS. As a group, analysts expect that Paysign, Inc. will post 0.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Lake Street Capital initiated coverage on shares of Paysign in a research note on Friday, December 20th. They issued a “buy” rating and a $6.00 target price for the company. Barrington Research restated an “outperform” rating and set a $7.00 target price on shares of Paysign in a report on Monday, November 4th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Paysign presently has an average rating of “Buy” and a consensus price target of $6.13.

Institutional Investors Weigh In On Paysign

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Paysign during the 3rd quarter worth about $43,000. Algert Global LLC bought a new position in Paysign during the 2nd quarter worth approximately $46,000. The Manufacturers Life Insurance Company acquired a new position in Paysign during the second quarter valued at approximately $66,000. American Century Companies Inc. bought a new stake in Paysign in the second quarter valued at approximately $92,000. Finally, Bard Associates Inc. bought a new stake in Paysign in the third quarter valued at approximately $103,000. 25.89% of the stock is owned by institutional investors and hedge funds.

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.