Paysafe Limited (NYSE:PSFE) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Paysafe Limited (NYSE:PSFE) have been assigned an average rating of “Reduce” from the six analysts that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $19.00.

A number of research analysts have recently issued reports on PSFE shares. Susquehanna reiterated a “neutral” rating and issued a $23.00 price target on shares of Paysafe in a report on Tuesday, October 15th. UBS Group boosted their target price on shares of Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a report on Wednesday, August 14th. Royal Bank of Canada increased their price target on shares of Paysafe from $20.00 to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. Finally, Bank of America lifted their price objective on shares of Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 27th.

Paysafe Stock Down 0.4 %

Shares of Paysafe stock opened at $22.98 on Friday. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -109.42, a PEG ratio of 0.54 and a beta of 1.91. The firm’s 50-day moving average is $22.03 and its two-hundred day moving average is $19.67. Paysafe has a 1 year low of $10.05 and a 1 year high of $23.50.

Paysafe (NYSE:PSFE) last announced its quarterly earnings results on Tuesday, August 13th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.07). The business had revenue of $439.92 million during the quarter, compared to analysts’ expectations of $428.40 million. Paysafe had a positive return on equity of 14.42% and a negative net margin of 0.78%. As a group, research analysts expect that Paysafe will post 1.92 earnings per share for the current fiscal year.

Institutional Trading of Paysafe

Institutional investors have recently bought and sold shares of the stock. Cannae Holdings Inc. grew its stake in Paysafe by 92.9% during the 1st quarter. Cannae Holdings Inc. now owns 3,379,887 shares of the company’s stock valued at $53,368,000 after purchasing an additional 1,628,183 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Paysafe by 24.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock worth $28,876,000 after buying an additional 324,207 shares during the period. Acadian Asset Management LLC acquired a new position in Paysafe in the 2nd quarter worth approximately $3,702,000. Jacobs Levy Equity Management Inc. raised its position in Paysafe by 39.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company’s stock worth $4,781,000 after buying an additional 85,170 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Paysafe by 31.8% during the 2nd quarter. Renaissance Technologies LLC now owns 204,287 shares of the company’s stock valued at $3,612,000 after acquiring an additional 49,300 shares during the period. 54.39% of the stock is currently owned by institutional investors and hedge funds.

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.