ValuEngine downgraded shares of PaySign (NASDAQ:PAYS) from a buy rating to a hold rating in a research report report published on Thursday morning, ValuEngine reports.
A number of other analysts also recently issued reports on the stock. Canaccord Genuity assumed coverage on shares of PaySign in a report on Tuesday, July 2nd. They set a buy rating for the company. LADENBURG THALM/SH SH started coverage on shares of PaySign in a report on Thursday, May 16th. They issued a buy rating and a $12.00 target price for the company. Maxim Group reiterated a buy rating and issued a $10.00 target price on shares of PaySign in a report on Wednesday, May 8th. Finally, BTIG Research downgraded shares of PaySign from a neutral rating to a sell rating and set a $12.00 target price for the company. in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. PaySign has an average rating of Hold and an average target price of $11.33.
PAYS traded down $0.44 during trading on Thursday, reaching $13.38. The company’s stock had a trading volume of 1,565,281 shares, compared to its average volume of 2,320,734. The stock has a fifty day simple moving average of $14.07. PaySign has a 1 year low of $2.63 and a 1 year high of $18.67. The company has a market capitalization of $657.24 million, a P/E ratio of 148.67 and a beta of 0.73.
PaySign (NASDAQ:PAYS) last released its earnings results on Tuesday, May 7th. The company reported $0.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. The business had revenue of $7.26 million for the quarter. PaySign had a net margin of 11.72% and a return on equity of 66.72%. As a group, sell-side analysts anticipate that PaySign will post 0.25 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of PAYS. Hennessy Advisors Inc. acquired a new position in shares of PaySign in the second quarter worth $535,000. Navellier & Associates Inc acquired a new position in shares of PaySign in the second quarter worth $491,000. Janus Henderson Group PLC acquired a new position in shares of PaySign in the second quarter worth $355,000. Cim LLC acquired a new position in shares of PaySign in the second quarter worth $270,000. Finally, Advisor Group Inc. acquired a new position in shares of PaySign in the second quarter worth $218,000. Hedge funds and other institutional investors own 11.48% of the company’s stock.
PaySign, Inc provides prepaid card programs and processing services under the PaySign brand to corporations, government agencies, universities, and other organizations. The company offers various services, including transaction processing, cardholder enrollment, value loading, cardholder account management, reporting, and customer service through PaySign, a proprietary card-processing platform.
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