Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer Sells 12,000 Shares

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $2.85, for a total value of $34,200.00. Following the completion of the transaction, the chief executive officer now owns 9,036,886 shares in the company, valued at $25,755,125.10. This represents a 0.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mark Newcomer also recently made the following trade(s):

• On Tuesday, January 21st, Mark Newcomer sold 61,000 shares of Paysign stock. The shares were sold at an average price of $2.89, for a total value of $176,290.00.
• On Monday, December 9th, Mark Newcomer sold 41,000 shares of Paysign stock. The stock was sold at an average price of $3.31, for a total value of $135,710.00.
• On Wednesday, November 20th, Mark Newcomer sold 25,000 shares of Paysign stock. The shares were sold at an average price of $3.27, for a total transaction of $81,750.00.
• On Monday, November 18th, Mark Newcomer sold 40,000 shares of Paysign stock. The shares were sold at an average price of $3.24, for a total transaction of $129,600.00.

Paysign Stock Down 1.0 %

Shares of PAYS opened at $2.87 on Friday. The company has a market cap of $153.69 million, a P/E ratio of 19.13 and a beta of 0.95. Paysign, Inc. has a fifty-two week low of $2.70 and a fifty-two week high of $5.59. The firm’s 50 day moving average price is $3.14 and its 200 day moving average price is $3.90.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $15.26 million for the quarter, compared to analyst estimates of $14.96 million. Paysign had a return on equity of 30.64% and a net margin of 14.28%. During the same quarter in the prior year, the company earned $0.02 earnings per share. Research analysts forecast that Paysign, Inc. will post 0.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PAYS. Barrington Research reaffirmed an “outperform” rating and set a $7.00 price objective on shares of Paysign in a research report on Monday, November 4th. Lake Street Capital began coverage on Paysign in a research note on Friday, December 20th. They issued a “buy” rating and a $6.00 price objective for the company.

Institutional Investors Weigh In On Paysign

A number of hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of Paysign during the third quarter worth approximately $43,000. Algert Global LLC acquired a new position in Paysign during the 2nd quarter worth approximately $46,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Paysign in the 2nd quarter valued at approximately $66,000. American Century Companies Inc. acquired a new stake in shares of Paysign in the 2nd quarter valued at $92,000. Finally, Bard Associates Inc. purchased a new stake in shares of Paysign during the 3rd quarter worth $103,000. Institutional investors and hedge funds own 25.89% of the company’s stock.

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.