Paysign (NASDAQ:PAYS) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Paysign (NASDAQ:PAYS) announced its quarterly earnings data on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02, Zacks reports. Paysign had a net margin of 14.42% and a return on equity of 32.55%. The firm had revenue of $15.26 million during the quarter, compared to analyst estimates of $14.96 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. Paysign updated its FY 2024 guidance to EPS.

Paysign Stock Down 3.0 %

Shares of PAYS traded down $0.12 during trading on Thursday, reaching $3.94. 156,763 shares of the company traded hands, compared to its average volume of 253,108. The stock has a 50-day simple moving average of $4.02 and a 200-day simple moving average of $4.36. The stock has a market cap of $209.36 million, a PE ratio of 28.14 and a beta of 0.95. Paysign has a twelve month low of $2.11 and a twelve month high of $5.59.

Insider Transactions at Paysign

In related news, CEO Mark Newcomer sold 50,000 shares of Paysign stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $4.25, for a total value of $212,500.00. Following the completion of the sale, the chief executive officer now owns 9,486,886 shares in the company, valued at approximately $40,319,265.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Mark Newcomer sold 50,000 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $4.25, for a total transaction of $212,500.00. Following the completion of the transaction, the chief executive officer now directly owns 9,486,886 shares in the company, valued at $40,319,265.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Daniel Spence sold 100,000 shares of Paysign stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $3.60, for a total value of $360,000.00. Following the completion of the transaction, the insider now directly owns 9,090,000 shares of the company’s stock, valued at approximately $32,724,000. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 211,000 shares of company stock worth $800,260. 23.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.