Susquehanna Cuts Paysafe (NYSE:PSFE) Price Target to $21.00

Paysafe (NYSE:PSFE) had its price objective lowered by Susquehanna from $23.00 to $21.00 in a research report sent to investors on Thursday morning,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

Other equities analysts also recently issued reports about the stock. UBS Group upped their target price on shares of Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a research note on Wednesday, August 14th. Bank of America increased their price objective 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 lifted their target price on Paysafe from $20.00 to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.00.

Paysafe Stock Down 2.3 %

Shares of PSFE opened at $17.67 on Thursday. The firm has a fifty day moving average price of $22.03 and a 200-day moving average price of $20.03. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.15. Paysafe has a 12-month low of $10.05 and a 12-month high of $26.25.

Hedge Funds Weigh In On Paysafe

Large investors have recently bought and sold shares of the business. Gabelli Funds LLC raised its position in shares of Paysafe by 32.6% in the 1st quarter. Gabelli Funds LLC now owns 152,500 shares of the company’s stock worth $2,408,000 after acquiring an additional 37,500 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Paysafe by 24.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock worth $28,876,000 after purchasing an additional 324,207 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Paysafe by 31.8% during the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company’s stock valued at $3,612,000 after buying an additional 49,300 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Paysafe by 39.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company’s stock valued at $4,781,000 after buying an additional 85,170 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in shares of Paysafe by 42.1% in the 2nd quarter. AQR Capital Management LLC now owns 87,605 shares of the company’s stock worth $1,524,000 after buying an additional 25,953 shares during the last quarter. Institutional investors 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.