PaySign Inc Class B (PAYS) Receives a Rating Update from a Top Analyst

By Jason Carr

In a report released yesterday, Mark Palmer from BTIG reiterated a Hold rating on PaySign Inc Class B (PAYSResearch Report). The company’s shares closed last Monday at $9.47.

Palmer observed:

“We are reiterating our Neutral rating on PAYS while modestly reducing our estimates for FY19 revenue. Our new estimate for 3Q19 revenue is $10.27mm, down from $10.56mm, while our new estimate for 4Q19 revenue is $10.72mm, down from $11.0mm. Our new estimate for PAYS’ FY19 revenue is $36.88, down from $37.46mm.”

According to TipRanks.com, Palmer is a top 100 analyst with an average return of 15.4% and a 69.7% success rate. Palmer covers the Financial sector, focusing on stocks such as Sutter Rock Capital Corp, Repay Holdings Corp, and Genworth Financial.

PaySign Inc Class B has an analyst consensus of Moderate Buy, with a price target consensus of $15.50.

See today’s analyst top recommended stocks >>

PaySign Inc Class B’s market cap is currently $450.5M and has a P/E ratio of 120.18. The company has a Price to Book ratio of 34.63.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

PaySign, Inc. engages in the provision of prepaid card programs and processing services for corporate, consumer and government applications. It specializes in corporate incentive products, payroll cards, general purpose re-loadable cards, and travel cards. It markets its prepaid solutions through its PaySign brand.