Paysign (NASDAQ:PAYS) Announces Earnings Results

Paysign (NASDAQ:PAYS) announced its quarterly earnings data on Tuesday. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02, Zacks reports. The business had revenue of $15.26 million during the quarter, compared to the consensus estimate of $14.96 million. Paysign had a return on equity of 32.55% and a net margin of 14.42%. During the same period in the previous year, the company posted $0.02 earnings per share. Paysign updated its FY 2024 guidance to EPS.

Paysign Trading Down 3.0 %

PAYS stock traded down $0.12 during trading on Thursday, hitting $3.94. 156,763 shares of the company’s stock were exchanged, compared to its average volume of 253,108. The stock has a market capitalization of $209.36 million, a price-to-earnings ratio of 28.14 and a beta of 0.95. Paysign has a 52-week low of $2.11 and a 52-week high of $5.59. The business has a 50-day moving average price of $4.02 and a two-hundred day moving average price of $4.36.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and set a $7.00 price target on shares of Paysign in a report on Monday.

Insiders Place Their Bets

In other news, major shareholder Daniel Spence sold 100,000 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $3.60, for a total value of $360,000.00. Following the completion of the transaction, the insider now owns 9,090,000 shares in the company, valued at approximately $32,724,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, major shareholder Daniel Spence sold 100,000 shares of the company’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $3.60, for a total value of $360,000.00. Following the completion of the sale, the insider now directly owns 9,090,000 shares of the company’s stock, valued at $32,724,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Newcomer sold 22,000 shares of the business’s stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $3.75, for a total value of $82,500.00. Following the completion of the sale, the chief executive officer now owns 9,414,886 shares of the company’s stock, valued at approximately $35,305,822.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 211,000 shares of company stock valued at $800,260. 23.30% of the stock is owned by corporate insiders.

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.