In a report released today, Michael Diana from Maxim Group reiterated a Buy rating on PaySign Inc Class B (PAYS), with a price target of $10. The company’s shares closed yesterday at $8.47, close to its 52-week high of $9.55.
Diana said:
“1Q19 results beat or matched consensus, and management reiterated 2019 guidance, which would represent a y/y increase in revenue of 62%-71% and a y/y increase in adjusted EBITDA of 104%-145%.”
According to TipRanks.com, Diana is a 5-star analyst with an average return of 6.4% and a 59.9% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PaySign Inc Class B with a $9.75 average price target.
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The company has a one-year high of $9.55 and a one-year low of $1.11. Currently, PaySign Inc Class B has an average volume of 352.2K.
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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.
