Insider Selling: Paysign, Inc. (NASDAQ:PAYS) Insider Sells $100,425.60 in Stock

Paysign, Inc. (NASDAQ:PAYS) insider Matthew Louis Lanford sold 25,360 shares of the business’s stock in a transaction on Friday, November 8th. The stock was sold at an average price of $3.96, for a total value of $100,425.60. Following the transaction, the insider now owns 109,731 shares of the company’s stock, valued at $434,534.76. This trade represents a 18.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Paysign Price Performance

Shares of PAYS opened at $3.38 on Friday. The firm’s 50 day moving average is $3.92 and its 200-day moving average is $4.33. Paysign, Inc. has a 12-month low of $2.22 and a 12-month high of $5.59. The stock has a market capitalization of $181.00 million, a P/E ratio of 22.80 and a beta of 0.95.

Paysign (NASDAQ:PAYS) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02. Paysign had a return on equity of 30.64% and a net margin of 14.28%. The firm had revenue of $15.26 million during the quarter, compared to analyst estimates of $14.96 million. During the same period last year, the company posted $0.02 EPS. As a group, equities research analysts forecast that Paysign, Inc. will post 0.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and issued a $7.00 price objective on shares of Paysign in a report on Monday, November 4th.

Hedge Funds Weigh In On Paysign

Several institutional investors and hedge funds have recently modified their holdings of PAYS. SG Americas Securities LLC acquired a new stake in Paysign during the third quarter valued at $43,000. Algert Global LLC acquired a new stake in shares of Paysign during the 2nd quarter valued at about $46,000. The Manufacturers Life Insurance Company bought a new stake in shares of Paysign in the 2nd quarter valued at approximately $66,000. American Century Companies Inc. acquired a new position in Paysign in the second quarter worth approximately $92,000. Finally, Bard Associates Inc. acquired a new position in Paysign in the third quarter worth approximately $103,000. 25.89% of the stock is currently owned by hedge funds and other institutional investors.

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.