Quantbot Technologies LP Makes New Investment in Paysafe Limited (NYSE:PSFE)

Quantbot Technologies LP purchased a new stake in Paysafe Limited (NYSE:PSFE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,871 shares of the company’s stock, valued at approximately $169,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PSFE. Palogic Value Management L.P. acquired a new position in Paysafe in the fourth quarter valued at $1,104,000. Counterpoint Mutual Funds LLC grew its stake in Paysafe by 83.2% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 23,587 shares of the company’s stock worth $403,000 after purchasing an additional 10,710 shares during the period. Raymond James Financial Inc. bought a new stake in Paysafe in the fourth quarter worth approximately $1,944,000. Bfsg LLC acquired a new position in Paysafe in the fourth quarter valued at approximately $78,000. Finally, Principal Financial Group Inc. lifted its position in shares of Paysafe by 10.7% during the 4th quarter. Principal Financial Group Inc. now owns 37,727 shares of the company’s stock valued at $645,000 after acquiring an additional 3,651 shares during the period. Institutional investors and hedge funds own 54.39% of the company’s stock.

Wall Street Analysts Forecast Growth

PSFE has been the topic of a number of research analyst reports. Susquehanna cut their price objective on shares of Paysafe from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Bank of America decreased their price target on shares of Paysafe from $18.00 to $16.00 and set an “underperform” rating for the company in a research note on Monday, March 10th. Finally, UBS Group raised their price objective on shares of Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a research note on Wednesday, February 12th.

Paysafe Price Performance

Shares of NYSE:PSFE opened at $16.09 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. The stock’s fifty day simple moving average is $18.37 and its two-hundred day simple moving average is $19.51. Paysafe Limited has a 1-year low of $14.06 and a 1-year high of $26.25. The stock has a market cap of $978.02 million, a PE ratio of -42.35, a price-to-earnings-growth ratio of 0.48 and a beta of 1.87.

Paysafe (NYSE:PSFE) last released its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.17). The business had revenue of $420.07 million during the quarter, compared to the consensus estimate of $437.40 million. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. As a group, analysts forecast that Paysafe Limited will post 1.87 EPS for the current fiscal year.

Paysafe 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.