Insider Selling: Paysign, Inc. (NASDAQ:PAYS) CEO Sells 25,000 Shares of Stock

Posted by Anthony Miller on Nov 20th, 2024

Paysign, Inc. (NASDAQ:PAYS – Get Free Report) CEO Mark Newcomer sold 25,000 shares of the stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $3.27, for a total value of $81,750.00. Following the completion of the transaction, the chief executive officer now owns 9,236,886 shares in the company, valued at $30,204,617.22. The trade was a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

On Monday, November 18th, Mark Newcomer sold 40,000 shares of Paysign stock. The shares were sold at an average price of $3.24, for a total transaction of $129,600.00.
On Wednesday, October 23rd, Mark Newcomer sold 36,000 shares of Paysign stock. The stock was sold at an average price of $3.66, for a total transaction of $131,760.00.
On Monday, October 21st, Mark Newcomer sold 22,000 shares of Paysign stock. The shares were sold at an average price of $3.75, for a total value of $82,500.00.
On Monday, September 23rd, Mark Newcomer sold 50,000 shares of Paysign stock. The shares were sold at an average price of $4.25, for a total value of $212,500.00.
On Thursday, September 19th, Mark Newcomer sold 1,500 shares of Paysign stock. The shares were sold at an average price of $4.50, for a total transaction of $6,750.00.
On Friday, September 13th, Mark Newcomer sold 1,500 shares of Paysign stock. The stock was sold at an average price of $4.50, for a total transaction of $6,750.00.

Paysign Stock Up 2.7 %

PAYS traded up $0.09 during trading hours on Wednesday, hitting $3.39. 173,405 shares of the company’s stock were exchanged, compared to its average volume of 250,501. The stock has a market cap of $181.53 million, a price-to-earnings ratio of 22.60 and a beta of 0.95. Paysign, Inc. has a 1-year low of $2.22 and a 1-year high of $5.59. The stock’s 50-day moving average is $3.87 and its two-hundred day moving average is $4.30.

Paysign (NASDAQ:PAYS – Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.03 earnings per share for the quarter, beating 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 the consensus estimate of $14.96 million. During the same period last year, the company earned $0.02 earnings per share. On average, equities research analysts anticipate that Paysign, Inc. will post 0.21 EPS for the current year.

Institutional Trading of Paysign

Several institutional investors and hedge funds have recently bought and sold shares of PAYS. Renaissance Technologies LLC grew its holdings in Paysign by 25.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,504,380 shares of the company’s stock valued at $6,484,000 after buying an additional 301,000 shares in the last quarter. Rhumbline Advisers increased its position in Paysign by 25.1% during the second quarter. Rhumbline Advisers now owns 35,835 shares of the company’s stock worth $154,000 after acquiring an additional 7,190 shares during the period. Joule Financial LLC acquired a new stake in Paysign in the 3rd quarter worth about $1,478,000. Vanguard Group Inc. boosted its holdings in Paysign by 3.0% in the 1st quarter. Vanguard Group Inc. now owns 1,649,043 shares of the company’s stock valued at $6,035,000 after purchasing an additional 48,489 shares during the period. Finally, Algert Global LLC acquired a new stake in shares of Paysign in the second quarter valued at approximately $46,000. Institutional investors own 25.89% of the company’s stock.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and issued a $7.00 price target on shares of Paysign in a research note on Monday, November 4th.

Get Our Latest Analysis on Paysign

Paysign Company Profile

(Get Free Report)

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.