Paysign (PAYS) Projected to Post Quarterly Earnings on Tuesday

Paysign (NASDAQ:PAYS) is expected to be issuing its quarterly earnings data after the market closes on Tuesday, March 25th. Analysts expect Paysign to post earnings of $0.02 per share and revenue of $15.42 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Paysign Price Performance

Shares of PAYS opened at $2.34 on Monday. The company has a 50-day moving average of $2.69 and a two-hundred day moving average of $3.28. The stock has a market cap of $125.30 million, a price-to-earnings ratio of 15.60 and a beta of 0.93. Paysign has a one year low of $2.25 and a one year high of $5.59.

Insider Activity

In other Paysign news, insider Topline Capital Management, Ll sold 231,187 shares of Paysign 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 of the company’s stock, valued at $19,393,442.26. This trade represents a 3.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Mark Newcomer sold 100,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $2.73, for a total transaction of $273,000.00. Following the completion of the transaction, the chief executive officer now directly owns 8,936,886 shares in the company, valued at $24,397,698.78. This trade represents a 1.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 927,087 shares of company stock worth $2,872,039 in the last 90 days. Company insiders own 23.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital began coverage on Paysign in a report on Friday, December 20th. They issued a “buy” rating and a $6.00 target price for the company.

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.