Paysign (NASDAQ:PAYS) Downgraded to Hold Rating by Wall Street Zen

Paysign (NASDAQ:PAYS - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.Other analysts also recently issued research reports about the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Paysign in a report on Thursday, January 22nd. DA Davidson reaffirmed a "buy" rating and issued a $9.00 target price on shares of Paysign in a research note on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $8.56.Read Our Latest Stock Analysis on PaysignPaysign Stock PerformancePAYS opened at $3.72 on Friday. The business's fifty day moving average is $4.86 and its two-hundred day moving average is $5.43. The company has a market cap of $204.75 million, a price-to-earnings ratio of 28.62 and a beta of 0.96. Paysign has a one year low of $1.80 and a one year high of $8.88. Paysign (NASDAQ:PAYS - Get Free Report) last announced its quarterly earnings results on Wednesday, November 12th. The company reported $0.04 earnings per share for the quarter, meeting analysts' consensus estimates 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 analysts' expectations of $19.92 million. Paysign has set its FY 2025 guidance at 0.120-0.130 EPS. On average, analysts predict that Paysign will post 0.21 EPS for the current fiscal year. Insiders Place Their BetsIn other Paysign news, insider Robert Strobo sold 20,000 shares of the stock in a transaction on 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 $1,790,276.30. This represents a 5.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 22.40% of the company's stock. Hedge Funds Weigh In On PaysignInstitutional investors have recently added to or reduced their stakes in the business. Topline Capital Management LLC lifted its position in Paysign by 0.4% during the third quarter. Topline Capital Management LLC now owns 5,445,188 shares of the company's stock worth $34,250,000 after buying an additional 23,451 shares during the period. Vanguard Group Inc. boosted its position in shares of Paysign by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,820,371 shares of the company's stock worth $11,450,000 after acquiring an additional 29,150 shares during the last quarter. Palisades Investment Partners LLC grew its holdings in Paysign by 3.0% in the fourth quarter. Palisades Investment Partners LLC now owns 924,373 shares of the company's stock valued at $4,761,000 after purchasing an additional 26,739 shares during the period. Geode Capital Management LLC grew its holdings in Paysign by 1.6% in the second quarter. Geode Capital Management LLC now owns 788,500 shares of the company's stock valued at $5,679,000 after purchasing an additional 12,490 shares during the period. Finally, Royce & Associates LP raised its stake in Paysign by 150.0% during the third quarter. Royce & Associates LP now owns 622,577 shares of the company's stock worth $3,916,000 after purchasing an additional 373,519 shares during the period. 25.89% of the stock is currently owned by institutional investors and hedge funds. About Paysign (Get Free Report)Paysign, Inc NASDAQ: PAYS is a U.S.-based financial technology company specializing in prepaid payment solutions. Through its cloud-based platform, the company enables corporations, government agencies and payroll providers to issue and manage stored-value cards, digital wallets and disbursement programs. Paysign's offerings span gift and incentive cards, payroll and earned-wage access cards, government benefit distribution, tax refund solutions and health savings account disbursements. The company's flagship Paysign Experience Platform provides configurable card programs with real-time transaction reporting, fraud monitoring and regulatory compliance tools.Featured ArticlesFive stocks we like better than PaysignNEW LAW: Congress Approves Setup For Digital Dollar?The day the gold market brokeWhat a Former CIA Agent Knows About the Coming CollapseYour Bank Account Is No Longer SafeHe just nailed another gold prediction …This 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