Paysign (NASDAQ:PAYS) Posts Earnings Results, Beats Expectations By $0.02 EPS

Paysign (NASDAQ:PAYS) issued its quarterly earnings results on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.02, Zacks reports. 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 31.50%. During the same quarter in the previous year, the firm earned $0.02 earnings per share. Paysign updated its FY 2024 guidance to EPS.

Paysign Stock Performance

Paysign stock opened at $3.94 on Friday. Paysign has a 1 year low of $2.11 and a 1 year high of $5.59. The firm’s 50-day moving average is $4.00 and its 200-day moving average is $4.36. The company has a market cap of $209.37 million, a P/E ratio of 26.27 and a beta of 0.95.

Insider Activity at Paysign

In other Paysign news, CEO Mark Newcomer sold 22,000 shares of Paysign stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $3.75, for a total value of $82,500.00. Following the completion of the transaction, the chief executive officer now directly owns 9,414,886 shares in the company, valued at $35,305,822.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, 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 sale, the insider now directly owns 9,090,000 shares in the company, valued at $32,724,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Mark Newcomer sold 22,000 shares of the business’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $3.75, for a total transaction of $82,500.00. Following the transaction, the chief executive officer now directly owns 9,414,886 shares of the company’s stock, valued at $35,305,822.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 211,000 shares of company stock valued at $800,260 in the last quarter. Insiders own 23.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

About Paysign

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.