Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer Sells 31,500 Shares

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 31,500 shares of Paysign stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $5.00, for a total transaction of $157,500.00. Following the transaction, the chief executive officer now directly owns 8,670,886 shares in the company, valued at $43,354,430. This represents a 0.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, June 11th, Mark Newcomer sold 8,000 shares of Paysign stock. The shares were sold at an average price of $5.00, for a total transaction of $40,000.00.
• On Monday, June 9th, Mark Newcomer sold 46,500 shares of Paysign stock. The stock was sold at an average price of $5.00, for a total transaction of $232,500.00.
• On Thursday, June 5th, Mark Newcomer sold 19,693 shares of Paysign stock. The shares were sold at an average price of $4.51, for a total transaction of $88,815.43.
• On Monday, June 2nd, Mark Newcomer sold 307 shares of Paysign stock. The stock was sold at an average price of $4.50, for a total transaction of $1,381.50.
• On Thursday, May 29th, Mark Newcomer sold 168,000 shares of Paysign stock. The shares were sold at an average price of $4.51, for a total value of $757,680.00.

Paysign Stock Down 3.8%

Shares of PAYS stock opened at $4.86 on Friday. The firm has a market cap of $263.50 million, a P/E ratio of 32.40 and a beta of 0.60. The company has a 50 day moving average of $3.17 and a 200-day moving average of $2.91. Paysign, Inc. has a 12-month low of $1.80 and a 12-month high of $5.59.

Paysign (NASDAQ:PAYS) last released its earnings results on Thursday, May 8th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The business had revenue of $18.60 million during the quarter, compared to the consensus estimate of $17.49 million. Paysign had a return on equity of 30.64% and a net margin of 14.28%. As a group, equities analysts expect that Paysign, Inc. will post 0.21 EPS for the current year.

Wall Street Analyst Weigh In

PAYS has been the topic of a number of recent analyst reports. Barrington Research reiterated an “outperform” rating and set a $7.00 price target on shares of Paysign in a report on Wednesday, March 26th. DA Davidson lifted their target price on Paysign from $5.00 to $6.00 and gave the stock a “buy” rating in a research note on Wednesday, May 14th. Lake Street Capital boosted their price target on shares of Paysign from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Finally, LADENBURG THALM/SH SH raised their price objective on shares of Paysign from $7.25 to $8.25 and gave the stock a “buy” rating in a report on Friday, May 9th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. PDT Partners LLC bought a new stake in Paysign in the 4th quarter valued at about $39,000. Royce & Associates LP increased its stake in shares of Paysign by 36.5% in the first quarter. Royce & Associates LP now owns 19,319 shares of the company’s stock worth $41,000 after purchasing an additional 5,166 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Paysign by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 15,385 shares of the company’s stock worth $46,000 after purchasing an additional 5,243 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Paysign by 33.5% in the fourth quarter. SG Americas Securities LLC now owns 15,508 shares of the company’s stock valued at $47,000 after purchasing an additional 3,895 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Paysign during the 1st quarter valued at approximately $51,000. Institutional investors 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.