Paysafe Limited (NYSE:PSFE) Receives $19.00 Average PT from Brokerages

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

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

Hedge Funds Weigh In On Paysafe

Several institutional investors have recently modified their holdings of PSFE. CWM LLC grew its position in Paysafe by 596.7% during the 2nd quarter. CWM LLC now owns 1,470 shares of the company’s stock worth $26,000 after acquiring an additional 1,259 shares during the last quarter. Nisa Investment Advisors LLC grew its position in Paysafe by 2,613.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock worth $37,000 after acquiring an additional 2,012 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in Paysafe during the 2nd quarter worth approximately $222,000. SG Americas Securities LLC grew its position in Paysafe by 107.7% during the 3rd quarter. SG Americas Securities LLC now owns 13,149 shares of the company’s stock worth $295,000 after acquiring an additional 6,817 shares during the last quarter. Finally, Sei Investments Co. bought a new position in Paysafe during the 2nd quarter worth approximately $325,000. 54.39% of the stock is currently owned by institutional investors.

Paysafe Stock Performance

Shares of PSFE opened at $22.74 on Monday. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -103.36, a price-to-earnings-growth ratio of 0.55 and a beta of 1.92. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.15 and a current ratio of 1.15. The stock’s 50-day simple moving average is $21.83 and its 200 day simple moving average is $19.10. Paysafe has a 52-week low of $9.25 and a 52-week high of $23.50.

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

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.