Maxim (NASDAQ:MXIM) Group analyst Michael Diana reiterated a Buy rating on PaySign (NASDAQ:PAYS) on Saturday, setting a price target of $12, which is approximately 43.88% above the present share price of $8.34.
Diana expects PaySign to post earnings per share (EPS) of $0.04 for the second quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in PaySign, with an average price target of $11.5.
The analysts price targets range from a high of $12 to a low of $11.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $9.76 million and a net profit of $1.45 million. The company's market cap is $379.39 million.
According to TipRanks.com, Maxim Group analyst Michael Diana has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -7.4% and a 44.0% success rate.
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. The company was founded by Mark R. Newcomer and Daniel H. Spencer on August 24, 1995 and is headquartered in Henderson, NV.