PaySign (NASDAQ:PAYS) Rating Lowered to Hold at ValuEngine

PaySign (NASDAQ:PAYS) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, ValuEngine reports.

PAYS has been the topic of a number of other research reports. BTIG Research downgraded PaySign from a “neutral” rating to a “sell” rating and set a $12.00 price target on the stock. in a research report on Monday, July 22nd. Canaccord Genuity assumed coverage on PaySign in a research report on Tuesday, July 2nd. They set a “buy” rating on the stock. LADENBURG THALM/SH SH assumed coverage on PaySign in a research report on Thursday, May 16th. They set a “buy” rating and a $12.00 price target on the stock. Finally, Maxim Group reissued a “buy” rating and set a $10.00 price target on shares of PaySign in a research report on Wednesday, May 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. PaySign presently has a consensus rating of “Hold” and an average target price of $11.33.

NASDAQ:PAYS traded down $0.44 during trading hours on Thursday, reaching $13.38. 1,565,281 shares of the company were exchanged, compared to its average volume of 2,251,369. The firm has a market capitalization of $671.03 million, a P/E ratio of 148.67 and a beta of 0.73. PaySign has a 1-year low of $2.63 and a 1-year high of $18.67. The firm has a 50 day moving average of $14.07.

PaySign (NASDAQ:PAYS) last issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.01. The business had revenue of $7.26 million for the quarter. PaySign had a return on equity of 66.72% and a net margin of 11.72%. Equities research analysts anticipate that PaySign will post 0.25 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hennessy Advisors Inc. bought a new stake in PaySign during the second quarter worth $535,000. Navellier & Associates Inc bought a new stake in PaySign during the second quarter worth $491,000. Janus Henderson Group PLC bought a new stake in PaySign during the second quarter worth $355,000. Cim LLC bought a new stake in PaySign during the second quarter worth $270,000. Finally, Advisor Group Inc. bought a new stake in PaySign during the second quarter worth $218,000. Hedge funds and other institutional investors own 11.48% 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.

Recommended Story: What are the most popular ETFs

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.