Brokerages Set PaySign, Inc. (NASDAQ:PAYS) Target Price at $12.33

Shares of PaySign, Inc. (NASDAQ:PAYS) have been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $12.33.

Several brokerages have issued reports on PAYS. Zacks Investment Research upgraded shares of PaySign from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research note on Saturday, August 10th. LADENBURG THALM/SH SH began coverage on shares of PaySign in a research note on Thursday, May 16th. They issued a “buy” rating and a $12.00 price target on the stock. ValuEngine lowered shares of PaySign from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. BTIG Research reiterated a “hold” rating on shares of PaySign in a research note on Monday, August 12th. Finally, Canaccord Genuity started coverage on shares of PaySign in a research note on Tuesday, July 2nd. They issued a “buy” rating on the stock.

Shares of PAYS stock opened at $12.04 on Wednesday. PaySign has a 1 year low of $2.94 and a 1 year high of $18.67. The company has a fifty day simple moving average of $13.96. The firm has a market cap of $608.90 million, a price-to-earnings ratio of 106.67 and a beta of 0.91.

PaySign (NASDAQ:PAYS) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. PaySign had a net margin of 13.90% and a return on equity of 66.14%. The firm had revenue of $8.64 million for the quarter, compared to analyst estimates of $8.48 million. During the same period in the previous year, the business earned $0.03 EPS. The company’s revenue was up 58.2% compared to the same quarter last year. As a group, equities research analysts predict that PaySign will post 0.29 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can acquired a new position in shares of PaySign during the 2nd quarter worth about $33,000. Mascoma Wealth Management LLC acquired a new position in shares of PaySign during the 2nd quarter worth about $40,000. Royal Bank of Canada acquired a new position in shares of PaySign during the 2nd quarter worth about $47,000. TRUE Private Wealth Advisors acquired a new position in shares of PaySign during the 2nd quarter worth about $66,000. Finally, Kavar Capital Partners LLC acquired a new position in shares of PaySign during the 2nd quarter worth about $79,000. Institutional investors own 19.13% of the company’s stock.

About PaySign

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.

Featured Story: Why do earnings reports matter?

Receive News & Ratings for PaySign Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PaySign and related companies with MarketBeat.com's FREE daily email newsletter.