Paysafe Limited (NYSE:PSFE) Receives Average Recommendation of “Reduce” from Analysts

Paysafe Limited (NYSE:PSFE) has received an average recommendation of “Reduce” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $19.00.

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price 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. Bank of America upped their price objective on shares of Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a research report on Tuesday, August 27th. Susquehanna reissued a “neutral” rating and set a $23.00 target price on shares of Paysafe in a research report on Tuesday, October 15th. Finally, UBS Group raised their price objective on Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a research report on Wednesday, August 14th.

Hedge Funds Weigh In On Paysafe

Several hedge funds and other institutional investors have recently modified their holdings of PSFE. CWM LLC lifted its holdings 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 during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Paysafe by 2,613.0% in the second 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. Oppenheimer Asset Management Inc. acquired a new position in shares of Paysafe in the 3rd quarter worth approximately $225,000. State of New Jersey Common Pension Fund D bought a new stake in Paysafe during the 2nd quarter worth approximately $222,000. Finally, SG Americas Securities LLC increased its holdings in Paysafe by 107.7% during the 3rd quarter. SG Americas Securities LLC now owns 13,149 shares of the company’s stock valued at $295,000 after purchasing an additional 6,817 shares in the last quarter. Institutional investors own 54.39% of the company’s stock.

Paysafe Trading Down 0.9 %

Paysafe stock opened at $25.49 on Friday. Paysafe has a 52 week low of $10.05 and a 52 week high of $26.25. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $1.55 billion, a PE ratio of -121.38, a PEG ratio of 0.61 and a beta of 1.91. The business’s 50-day simple moving average is $22.16 and its 200-day simple moving average is $19.91.

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 during the quarter, compared to the consensus estimate of $428.40 million. Equities research analysts forecast that Paysafe will post 1.92 earnings per share for the current year.

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.