Harvest Fund Management Co. Ltd Makes New $176,000 Investment in Paysafe Limited (NYSE:PSFE)

Harvest Fund Management Co. Ltd purchased a new stake in Paysafe Limited (NYSE:PSFE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,842 shares of the company’s stock, valued at approximately $176,000.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Paysafe by 7.4% during the first quarter. Vanguard Group Inc. now owns 173,192 shares of the company’s stock valued at $2,735,000 after purchasing an additional 11,884 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in 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 during the last quarter. CWM LLC boosted 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 buying an additional 1,259 shares during the period. Nisa Investment Advisors LLC boosted 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 buying an additional 2,012 shares during the period. Finally, SummerHaven Investment Management LLC grew its holdings in Paysafe by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 64,840 shares of the company’s stock worth $1,146,000 after acquiring an additional 821 shares during the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

Analyst Ratings Changes

PSFE has been the subject of several analyst reports. Bank of America raised their price target on shares of Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, August 27th. Susquehanna lowered their target price on Paysafe from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. UBS Group upped their price target on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada decreased their price target on Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research note on Thursday, November 14th. Two equities 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 company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $18.00.

Paysafe Price Performance

PSFE stock opened at $19.78 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of -52.05, a PEG ratio of 0.47 and a beta of 1.91. The company’s fifty day simple moving average is $21.38 and its 200 day simple moving average is $20.20. Paysafe Limited has a 12-month low of $10.05 and a 12-month high of $26.25.

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.