Paysign, Inc. (NASDAQ:PAYS) CEO Sells $273,000.00 in Stock

Paysign, Inc. (NASDAQ:PAYS) CEO Mark Newcomer sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $2.73, for a total value of $273,000.00. Following the transaction, the chief executive officer now directly owns 8,936,886 shares in the company, valued at approximately $24,397,698.78. This trade represents a 1.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, January 23rd, Mark Newcomer sold 12,000 shares of Paysign stock. The stock was sold at an average price of $2.85, for a total value of $34,200.00.
• On Tuesday, January 21st, Mark Newcomer sold 61,000 shares of Paysign stock. The shares were sold at an average price of $2.89, for a total value of $176,290.00.
• On Monday, December 9th, Mark Newcomer sold 41,000 shares of Paysign stock. The shares were sold at an average price of $3.31, for a total value of $135,710.00.

Paysign Price Performance

PAYS opened at $2.62 on Friday. The business has a fifty day simple moving average of $2.88 and a 200 day simple moving average of $3.55. Paysign, Inc. has a 1 year low of $2.46 and a 1 year high of $5.59. The company has a market capitalization of $140.30 million, a PE ratio of 17.47 and a beta of 0.93.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Lake Street Capital began coverage on shares of Paysign in a research report on Friday, December 20th. They issued a “buy” rating and a $6.00 price objective on the stock. Barrington Research reiterated an “outperform” rating and issued a $7.00 price target on shares of Paysign in a research note on Monday, November 4th.

Institutional Investors Weigh In On Paysign

A number of institutional investors have recently modified their holdings of PAYS. Topline Capital Management LLC bought a new position in Paysign during the fourth quarter worth about $16,946,000. Renaissance Technologies LLC grew its position in shares of Paysign by 11.0% during the 4th quarter. Renaissance Technologies LLC now owns 1,501,622 shares of the company’s stock worth $4,535,000 after purchasing an additional 149,200 shares in the last quarter. 1248 Management LLC bought a new position in shares of Paysign during the fourth quarter worth approximately $2,778,000. Millennium Management LLC increased its holdings in shares of Paysign by 123.6% during the fourth quarter. Millennium Management LLC now owns 325,334 shares of the company’s stock worth $983,000 after purchasing an additional 179,814 shares during the period. Finally, Northern Trust Corp raised its position in shares of Paysign by 4.5% in the fourth quarter. Northern Trust Corp now owns 274,005 shares of the company’s stock valued at $827,000 after buying an additional 11,806 shares in the last quarter. 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.