Los Angeles Capital Management LLC Has $1.18 Million Holdings in Paysafe Limited (NYSE:PSFE)

Los Angeles Capital Management LLC reduced its position in Paysafe Limited (NYSE:PSFE) by 11.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,562 shares of the company’s stock after selling 8,225 shares during the period. Los Angeles Capital Management LLC owned about 0.11% of Paysafe worth $1,177,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of PSFE. New York State Common Retirement Fund boosted its stake in shares of Paysafe by 21.4% during the 4th quarter. New York State Common Retirement Fund now owns 17,106 shares of the company’s stock worth $219,000 after acquiring an additional 3,016 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Paysafe by 51.6% during the 4th quarter. Russell Investments Group Ltd. now owns 163,458 shares of the company’s stock worth $2,091,000 after acquiring an additional 55,650 shares in the last quarter. Jump Financial LLC boosted its stake in shares of Paysafe by 26.0% during the 4th quarter. Jump Financial LLC now owns 37,900 shares of the company’s stock worth $485,000 after acquiring an additional 7,817 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of Paysafe during the 4th quarter worth about $548,000. Finally, Gabelli Funds LLC boosted its stake in shares of Paysafe by 21.1% during the 4th quarter. Gabelli Funds LLC now owns 115,000 shares of the company’s stock worth $1,471,000 after acquiring an additional 20,000 shares in the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

Paysafe Price Performance

Shares of NYSE:PSFE opened at $21.98 on Thursday. The business has a 50 day moving average price of $20.51 and a 200 day moving average price of $17.60. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.83. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -99.91, a PEG ratio of 0.55 and a beta of 1.91. Paysafe Limited has a twelve month low of $9.25 and a twelve month high of $22.55.

Paysafe (NYSE:PSFE) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.07). The firm had revenue of $439.92 million during the quarter, compared to analyst estimates of $428.40 million. Paysafe had a negative net margin of 0.78% and a positive return on equity of 14.42%. Research analysts predict that Paysafe Limited will post 1.92 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on PSFE shares. Susquehanna upped their price target on Paysafe from $16.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, August 15th. UBS Group increased their target price on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research note on Wednesday, August 14th. Royal Bank of Canada increased their target price on Paysafe from $20.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 14th. Finally, Bank of America increased their target price on Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $19.00.

Paysafe Company Profile

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.