Susquehanna Reaffirms “Neutral” Rating for Paysafe (NYSE:PSFE)

Susquehanna restated their neutral rating on shares of Paysafe (NYSE:PSFE) in a research note issued to investors on Tuesday morning, Benzinga reports. The brokerage currently has a $23.00 target price on the stock.

Several other brokerages have also recently commented on PSFE. 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. UBS Group boosted their price target 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. Finally, Royal Bank of Canada boosted their price target on shares of Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th. Two 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $19.00.

Paysafe Trading Down 1.8 %

Shares of NYSE:PSFE opened at $22.83 on Tuesday. The company’s 50-day moving average price is $21.77 and its two-hundred day moving average price is $19.01. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.15 and a quick ratio of 1.15. Paysafe has a one year low of $9.25 and a one year high of $23.50. The stock has a market capitalization of $1.39 billion, a PE ratio of -103.77, a price-to-earnings-growth ratio of 0.55 and a beta of 1.92.

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

Institutional Investors Weigh In On Paysafe

A number of institutional investors and hedge funds have recently modified their holdings of the company. CWM LLC grew its stake in Paysafe by 596.7% in the 2nd quarter. CWM LLC now owns 1,470 shares of the company’s stock valued at $26,000 after buying an additional 1,259 shares during the last quarter. Nisa Investment Advisors LLC grew its stake 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 buying an additional 2,012 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Paysafe in the 2nd quarter valued at about $222,000. SG Americas Securities LLC grew its stake in Paysafe by 107.7% in the 3rd quarter. SG Americas Securities LLC now owns 13,149 shares of the company’s stock valued at $295,000 after buying an additional 6,817 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in Paysafe in the 2nd quarter valued at about $325,000. 54.39% of the stock is owned by institutional investors.

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.