Shares of PaySign, Inc. (NASDAQ:PAYS) have been given a consensus rating of “Buy” by the six brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $12.33.
A number of analysts have commented on PAYS shares. LADENBURG THALM/SH SH started coverage on PaySign in a research report on Thursday, May 16th. They issued a “buy” rating and a $12.00 price target for the company. Zacks Investment Research upgraded PaySign from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Saturday, August 10th. Maxim Group restated a “buy” rating and issued a $10.00 price target on shares of PaySign in a research report on Wednesday, May 8th. BTIG Research restated a “hold” rating on shares of PaySign in a research report on Monday, August 12th. Finally, Canaccord Genuity started coverage on PaySign in a research report on Tuesday, July 2nd. They issued a “buy” rating for the company.
Large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new stake in shares of PaySign during the second quarter worth about $33,000. Mascoma Wealth Management LLC purchased a new stake in shares of PaySign during the second quarter worth about $40,000. Royal Bank of Canada purchased a new stake in shares of PaySign during the second quarter worth about $47,000. TRUE Private Wealth Advisors purchased a new stake in shares of PaySign during the second quarter worth about $66,000. Finally, Kavar Capital Partners LLC purchased a new stake in shares of PaySign during the second quarter worth about $79,000. Hedge funds and other institutional investors own 11.88% of the company’s stock.
PaySign (NASDAQ:PAYS) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $8.64 million during the quarter, compared to analysts’ expectations of $8.48 million. PaySign had a return on equity of 66.14% and a net margin of 13.90%. The business’s quarterly revenue was up 58.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 earnings per share. As a group, research analysts forecast that PaySign will post 0.29 earnings per share for the current fiscal year.
PaySign, Inc provides prepaid card programs and processing services under the PaySign brand to corporations, government agencies, universities, and other organizations. The company offers various services, including transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service through PaySign, a proprietary card-processing platform.
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