Robert Strobo Sells 20,000 Shares of Paysign (NASDAQ:PAYS) Stock

Paysign, Inc. (NASDAQ:PAYS - Get Free Report) insider Robert Strobo sold 20,000 shares of the firm's stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $5.47, for a total transaction of $109,400.00. Following the transaction, the insider owned 327,290 shares of the company's stock, valued at approximately $1,790,276.30. This represents a 5.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.Paysign Stock PerformanceNASDAQ PAYS traded down $0.03 during trading on Friday, reaching $5.49. 303,058 shares of the company traded hands, compared to its average volume of 512,691. Paysign, Inc. has a 1-year low of $1.80 and a 1-year high of $8.88. The company has a market cap of $302.17 million, a price-to-earnings ratio of 42.23 and a beta of 0.93. The stock's 50 day moving average price is $5.36 and its two-hundred day moving average price is $5.83. Paysign (NASDAQ:PAYS - Get Free Report) last posted its earnings results on Wednesday, November 12th. The company reported $0.04 EPS for the quarter, hitting the consensus estimate of $0.04. Paysign had a return on equity of 19.18% and a net margin of 10.10%.The business had revenue of $21.60 million during the quarter, compared to the consensus estimate of $19.92 million. Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. Equities research analysts expect that Paysign, Inc. will post 0.21 EPS for the current fiscal year. Analysts Set New Price TargetsSeveral analysts have weighed in on PAYS shares. Wall Street Zen raised shares of Paysign from a "hold" rating to a "buy" rating in a research note on Saturday, November 15th. DA Davidson reaffirmed a "buy" rating and set a $9.00 price objective on shares of Paysign in a report on Thursday, November 13th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Paysign in a research note on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $8.56.View Our Latest Analysis on PAYSInstitutional Trading of PaysignSeveral hedge funds and other institutional investors have recently modified their holdings of the company. Nuveen LLC bought a new stake in Paysign in the 1st quarter valued at approximately $95,000. Goldman Sachs Group Inc. increased its position in shares of Paysign by 7.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 258,334 shares of the company's stock worth $548,000 after purchasing an additional 17,466 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of Paysign during the 1st quarter worth approximately $51,000. Strs Ohio acquired a new stake in shares of Paysign in the 1st quarter valued at approximately $259,000. Finally, Rhumbline Advisers grew its stake in shares of Paysign by 5.2% in the first quarter. Rhumbline Advisers now owns 46,587 shares of the company's stock valued at $99,000 after buying an additional 2,303 shares in the last quarter. Institutional investors and hedge funds own 25.89% of the company's stock. 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.Recommended StoriesFive stocks we like better than PaysignWhat Investors Need to Know to Beat the MarketSynopsys Sees Bullish Shift as Ansys Integration Drives GrowthHealth Care Stocks Explained: Why You Might Want to InvestThe Best Holiday Present You Can Give Yourself? Costco StockHow Investors Can Find the Best Cheap Dividend StocksWhy Zscaler Stock Could Be Ready to Bounce After a 30% SelloffThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Paysign Right Now?Before you consider Paysign, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paysign wasn't on the list.While Paysign currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here