Paysign, Inc. (NASDAQ:PAYS) Insider Topline Capital Management, Ll Sells 227,084 Shares

Paysign, Inc. (NASDAQ:PAYS) insider Topline Capital Management, Ll sold 227,084 shares of the firm’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $3.07, for a total value of $697,147.88. Following the completion of the transaction, the insider now owns 5,631,962 shares in the company, valued at approximately $17,290,123.34. This trade represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Topline Capital Management, Ll also recently made the following trade(s):

• On Friday, December 27th, Topline Capital Management, Ll sold 231,187 shares of Paysign stock. The stock was sold at an average price of $3.31, for a total transaction of $765,228.97.

Paysign Stock Down 1.6 %

Shares of NASDAQ:PAYS opened at $3.02 on Thursday. The company has a market capitalization of $161.71 million, a price-to-earnings ratio of 20.13 and a beta of 0.93. The company has a 50 day moving average of $3.40 and a two-hundred day moving average of $4.01. Paysign, Inc. has a 52-week low of $2.40 and a 52-week high of $5.59.

Paysign (NASDAQ:PAYS) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The business had revenue of $15.26 million during the quarter, compared to analyst estimates of $14.96 million. Paysign had a net margin of 14.28% and a return on equity of 30.64%. During the same period last year, the business earned $0.02 EPS. On average, equities analysts anticipate that Paysign, Inc. will post 0.21 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on PAYS. Barrington Research reiterated an “outperform” rating and set a $7.00 price objective on shares of Paysign in a research note on Monday, November 4th. Lake Street Capital started coverage on Paysign in a report on Friday, December 20th. They issued a “buy” rating and a $6.00 price target for the company. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $6.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Paysign during the 3rd quarter worth approximately $43,000. Algert Global LLC acquired a new stake in shares of Paysign during the second quarter worth approximately $46,000. The Manufacturers Life Insurance Company bought a new stake in shares of Paysign in the second quarter worth $66,000. American Century Companies Inc. acquired a new stake in Paysign in the second quarter valued at $92,000. Finally, Bard Associates Inc. bought a new position in Paysign during the 3rd quarter valued at $103,000. Hedge funds and other institutional investors own 25.89% of the company’s stock.

Paysign Company Profile

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.