Paysign (NASDAQ:PAYS) Given New $5.50 Price Target at DA Davidson

Paysign (NASDAQ:PAYS) had its price objective hoisted by DA Davidson from $4.50 to $5.50 in a research note released on Tuesday morning, Benzinga reports. DA Davidson currently has a buy rating on the stock.

PAYS has been the subject of a number of other reports. Barrington Research reissued an outperform rating and set a $5.50 price target on shares of Paysign in a research report on Wednesday, March 27th. TheStreet raised shares of Paysign from a d+ rating to a c- rating in a report on Wednesday, January 3rd.

Paysign Price Performance

Shares of PAYS opened at $4.73 on Tuesday. The company’s fifty day moving average price is $3.79 and its 200-day moving average price is $2.97. Paysign has a 1-year low of $1.67 and a 1-year high of $4.75. The firm has a market capitalization of $250.55 million, a PE ratio of 39.42 and a beta of 0.98.

Paysign (NASDAQ:PAYS) last posted its quarterly earnings results on Tuesday, March 26th. The company reported $0.10 earnings per share for the quarter. Paysign had a return on equity of 34.33% and a net margin of 13.66%. The business had revenue of $13.69 million for the quarter, compared to the consensus estimate of $11.57 million. As a group, research analysts anticipate that Paysign will post 0.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Topline Capital Partners, Lp acquired 51,300 shares of the stock in a transaction on Thursday, March 14th. The shares were acquired at an average price of $2.93 per share, for a total transaction of $150,309.00. Following the transaction, the insider now owns 6,099,317 shares in the company, valued at approximately $17,870,998.81. The purchase was disclosed in a filing with the SEC, which is available through this link. In other Paysign news, insider Topline Capital Management, Ll bought 39,674 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were purchased at an average cost of $2.86 per share, for a total transaction of $113,467.64. Following the transaction, the insider now directly owns 5,801,592 shares of the company’s stock, valued at $16,592,553.12. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Topline Capital Partners, Lp purchased 51,300 shares of Paysign stock in a transaction that occurred on Thursday, March 14th. The stock was acquired at an average cost of $2.93 per share, with a total value of $150,309.00. Following the acquisition, the insider now directly owns 6,099,317 shares in the company, valued at approximately $17,870,998.81. The disclosure for this purchase can be found here. Insiders have purchased a total of 476,086 shares of company stock valued at $1,416,208 over the last ninety days. Company insiders own 23.40% of the company’s stock.

Institutional Trading of Paysign

Institutional investors have recently bought and sold shares of the business. Bridge City Capital LLC purchased a new position in shares of Paysign during the 3rd quarter valued at approximately $61,000. BNP Paribas Financial Markets grew its position in shares of Paysign by 49.7% in the first quarter. BNP Paribas Financial Markets now owns 39,452 shares of the company’s stock valued at $144,000 after purchasing an additional 13,093 shares during the period. Spouting Rock Asset Management LLC increased its stake in shares of Paysign by 39.0% during the third quarter. Spouting Rock Asset Management LLC now owns 38,167 shares of the company’s stock worth $74,000 after purchasing an additional 10,700 shares in the last quarter. Portside Wealth Group LLC raised its position in shares of Paysign by 33.7% during the 3rd quarter. Portside Wealth Group LLC now owns 33,740 shares of the company’s stock worth $68,000 after purchasing an additional 8,508 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Paysign by 18.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 38,205 shares of the company’s stock valued at $74,000 after buying an additional 5,874 shares in the last quarter. 25.89% of the stock is owned by institutional investors and hedge funds.

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.