Paysafe (NYSE:PSFE) PT Raised to $19.00

Paysafe (NYSE:PSFE) had its price target raised by Bank of America from $16.20 to $19.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “underperform” rating on the stock. Bank of America‘s price target indicates a potential downside of 11.30% from the company’s current price.

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

Paysafe Trading Down 1.1 %

Shares of PSFE stock opened at $21.42 on Tuesday. The firm has a 50-day moving average price of $19.67 and a 200 day moving average price of $17.02. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of -97.36, a PEG ratio of 0.52 and a beta of 1.91. Paysafe has a twelve month low of $9.25 and a twelve month high of $22.38.

Institutional Investors Weigh In On Paysafe

Several institutional investors and hedge funds have recently made changes to their positions in PSFE. Creative Planning raised its stake in Paysafe by 2.4% during the second quarter. Creative Planning now owns 22,063 shares of the company’s stock worth $390,000 after acquiring an additional 508 shares during the period. SummerHaven Investment Management LLC increased its stake in shares of Paysafe by 1.3% during the second quarter. SummerHaven Investment Management LLC now owns 64,840 shares of the company’s stock valued at $1,146,000 after acquiring an additional 821 shares during the period. CWM LLC raised its stake in shares of Paysafe by 596.7% in the 2nd quarter. CWM LLC now owns 1,470 shares of the company’s stock worth $26,000 after buying an additional 1,259 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Paysafe by 2,613.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock valued at $37,000 after acquiring an additional 2,012 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in Paysafe by 4.2% during the second quarter. Rhumbline Advisers now owns 55,108 shares of the company’s stock worth $974,000 after buying an additional 2,226 shares in the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

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.