Paysafe (NYSE:PSFE) Shares Gap Down – What’s Next?

Paysafe Limited (NYSE:PSFE)’s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $25.47, but opened at $20.80. Paysafe shares last traded at $19.62, with a volume of 159,725 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PSFE shares. UBS Group lifted their target price on shares of Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a research report on Wednesday, August 14th. Susquehanna dropped their price target on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday. Royal Bank of Canada dropped their price target on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Thursday. Finally, Bank of America boosted their price target 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Paysafe presently has a consensus rating of “Hold” and an average target price of $18.00.

Paysafe Stock Down 5.0 %

The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.83. The stock’s 50-day moving average is $22.18 and its 200-day moving average is $19.98. The company has a market cap of $1.10 billion, a price-to-earnings ratio of -86.07, a P/E/G ratio of 0.64 and a beta of 1.91.

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

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Creative Planning lifted its position in shares of Paysafe by 2.4% during the 2nd quarter. Creative Planning now owns 22,063 shares of the company’s stock valued at $390,000 after acquiring an additional 508 shares during the period. SummerHaven Investment Management LLC increased its stake in Paysafe by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 64,840 shares of the company’s stock valued at $1,146,000 after purchasing an additional 821 shares in the last quarter. CWM LLC increased its stake in Paysafe by 596.7% during the 2nd quarter. CWM LLC now owns 1,470 shares of the company’s stock valued at $26,000 after purchasing an additional 1,259 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in Paysafe by 2,613.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock valued at $37,000 after purchasing an additional 2,012 shares in the last quarter. Finally, Rhumbline Advisers increased its stake in Paysafe by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 55,108 shares of the company’s stock valued at $974,000 after purchasing an additional 2,226 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

About Paysafe

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.