Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer Sells 61,000 Shares of Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 61,000 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $2.89, for a total value of $176,290.00. Following the transaction, the chief executive officer now owns 9,075,886 shares of the company’s stock, valued at $26,229,310.54. This represents a 0.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, January 23rd, Mark Newcomer sold 12,000 shares of Paysign stock. The stock was sold at an average price of $2.85, for a total transaction of $34,200.00.
• On Monday, December 9th, Mark Newcomer sold 41,000 shares of Paysign stock. The shares were sold at an average price of $3.31, for a total transaction 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 stock was sold at an average price of $3.24, for a total value of $129,600.00.

Paysign Stock Performance

NASDAQ:PAYS opened at $2.90 on Friday. The company has a market cap of $155.30 million, a price-to-earnings ratio of 19.33 and a beta of 0.95. The stock’s fifty day moving average price is $3.16 and its two-hundred day moving average price is $3.91. Paysign, Inc. has a 52-week low of $2.70 and a 52-week high of $5.59.

Paysign (NASDAQ:PAYS) last issued its quarterly 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. 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 firm posted $0.02 earnings per share. On average, equities analysts predict that Paysign, Inc. will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Paysign

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

Wall Street Analysts Forecast Growth

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