Shares of PaySign, Inc. (NASDAQ:PAYS) have been given an average broker rating score of 1.67 (Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and two have given a strong buy rating to the company. PaySign’s rating score has declined by 67% in the last three months as a result of various analysts’ upgrades and downgrades.
Brokers have set a one year consensus target price of $10.17 for the company, according to Zacks. Zacks has also assigned PaySign an industry rank of 43 out of 256 based on the ratings given to related companies.
A number of analysts recently issued reports on the company. BTIG Research lowered PaySign from a “buy” rating to a “neutral” rating and set a $12.10 price objective on the stock. in a research note on Monday, June 17th. LADENBURG THALM/SH SH assumed coverage on PaySign in a research note on Thursday, May 16th. They set a “buy” rating and a $12.00 price objective on the stock. Finally, Maxim Group reiterated a “buy” rating and set a $10.00 price objective on shares of PaySign in a research note on Wednesday, May 8th.
PaySign (NASDAQ:PAYS) last released its quarterly earnings data on Tuesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. PaySign had a return on equity of 66.72% and a net margin of 11.72%. The company had revenue of $7.26 million for the quarter. As a group, equities analysts forecast that PaySign will post 0.25 earnings per share for the current fiscal year.
PaySign Company Profile
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.
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