Paysign (NASDAQ:PAYS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Paysign (NASDAQ:PAYS) from a hold rating to a buy rating in a report published on Sunday.

Other analysts also recently issued research reports about the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Paysign in a research note on Thursday, January 22nd. DA Davidson reissued a “buy” rating and issued a $9.00 target price on shares of Paysign in a report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $8.56.

Paysign Stock Down 0.9%

PAYS opened at $3.36 on Friday. The company has a market capitalization of $184.93 million, a PE ratio of 25.85 and a beta of 0.96. The firm has a 50-day simple moving average of $4.61 and a two-hundred day simple moving average of $5.17. Paysign has a 52 week low of $1.80 and a 52 week high of $8.88.

Insider Buying and Selling

In other Paysign news, insider Robert Strobo sold 20,000 shares of the business’s stock in a transaction on Friday, December 12th. The shares were sold at an average price of $5.47, for a total transaction of $109,400.00. Following the transaction, the insider owned 327,290 shares in the company, valued at $1,790,276.30. The trade was a 5.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 22.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Paysign

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Paysign in the 2nd quarter worth about $30,000. BNP Paribas Financial Markets grew its stake in shares of Paysign by 99.8% during the third quarter. BNP Paribas Financial Markets now owns 6,912 shares of the company’s stock valued at $43,000 after buying an additional 3,453 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Paysign in the first quarter worth approximately $51,000. SG Americas Securities LLC bought a new stake in shares of Paysign during the 4th quarter worth approximately $52,000. Finally, Quarry LP bought a new stake in shares of Paysign during the 3rd quarter worth approximately $54,000. 25.89% of the stock is owned by hedge funds and other institutional investors.

About Paysign

Paysign, Inc (NASDAQ:PAYS) is a U.S.-based financial technology company specializing in prepaid payment solutions. Through its cloud-based platform, the company enables corporations, government agencies and payroll providers to issue and manage stored-value cards, digital wallets and disbursement programs. Paysign’s offerings span gift and incentive cards, payroll and earned-wage access cards, government benefit distribution, tax refund solutions and health savings account disbursements.

The company’s flagship Paysign Experience Platform provides configurable card programs with real-time transaction reporting, fraud monitoring and regulatory compliance tools.