Paysign (NASDAQ:PAYS) Stock Price Down 5.3% – Here’s What Happened

Paysign, Inc. (NASDAQ:PAYS)’s stock price traded down 5.3% on Wednesday . The stock traded as low as $13.44 and last traded at $13.3910. 181,780 shares changed hands during trading, a decline of 74% from the average daily volume of 693,141 shares. The stock had previously closed at $14.14.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Paysign from a “strong-buy” rating to a “buy” rating in a report on Sunday, August 16th. Lake Street Capital reaffirmed a “buy” rating and issued a $13.00 target price on shares of Paysign in a research note on Thursday, August 6th. Weiss Ratings upgraded Paysign from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, July 29th. Barrington Research set a $15.00 price target on Paysign in a research note on Tuesday, August 11th. Finally, DA Davidson boosted their price target on Paysign from $9.00 to $12.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Paysign presently has an average rating of “Buy” and an average price target of $13.33.

Paysign Stock Performance

The company has a market capitalization of $749.17 million, a P/E ratio of 51.04 and a beta of 0.74. The stock’s fifty day moving average price is $9.83 and its 200-day moving average price is $6.88.

Paysign (NASDAQ:PAYS) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.05. The company had revenue of $28.25 million during the quarter, compared to analysts’ expectations of $26.36 million. Paysign had a return on equity of 30.13% and a net margin of 15.67%.Paysign has set its FY 2026 guidance at 0.350-0.370 EPS and its Q3 2026 guidance at 0.090-0.100 EPS. On average, research analysts predict that Paysign, Inc. will post 0.58 EPS for the current fiscal year.

Insider Activity at Paysign

In other Paysign news, CEO Mark Newcomer sold 150,000 shares of Paysign stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $11.88, for a total value of $1,782,000.00. Following the completion of the sale, the chief executive officer owned 9,163,002 shares in the company, valued at $108,856,463.76. The trade was a 1.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Joan M. Herman sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $8.01, for a total value of $801,000.00. Following the completion of the sale, the executive vice president owned 707,009 shares of the company’s stock, valued at approximately $5,663,142.09. This trade represents a 12.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 384,202 shares of company stock valued at $3,869,216. 24.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Paysign

Several hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System lifted its stake in shares of Paysign by 114.4% in the 2nd quarter. California State Teachers Retirement System now owns 4,038 shares of the company’s stock valued at $33,000 after acquiring an additional 2,155 shares during the last quarter. Rhumbline Advisers raised its position in Paysign by 4.7% in the second quarter. Rhumbline Advisers now owns 48,770 shares of the company’s stock valued at $351,000 after purchasing an additional 2,183 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Paysign by 19.1% during the second quarter. Invesco Ltd. now owns 16,942 shares of the company’s stock valued at $122,000 after purchasing an additional 2,716 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Paysign by 18.0% during the third quarter. Intech Investment Management LLC now owns 17,851 shares of the company’s stock valued at $112,000 after purchasing an additional 2,723 shares in the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Paysign by 11.6% during the third quarter. Alliancebernstein L.P. now owns 29,930 shares of the company’s stock worth $188,000 after purchasing an additional 3,100 shares during the last quarter. 25.89% of the stock is owned by 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.