Paysafe Limited (NYSE:PSFE) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Paysafe Limited (NYSE:PSFE) by 8.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,605 shares of the company’s stock after buying an additional 8,671 shares during the period. Bank of New York Mellon Corp owned approximately 0.18% of Paysafe worth $1,955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. 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 valued at $26,000 after acquiring an additional 1,259 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Paysafe by 2,613.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock worth $37,000 after purchasing an additional 2,012 shares in the last quarter. Gamco Investors INC. ET AL raised its position in shares of Paysafe by 16.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 20,650 shares of the company’s stock worth $326,000 after acquiring an additional 2,950 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Paysafe in the 4th quarter valued at $366,000. Finally, Jump Financial LLC increased its position in shares of Paysafe by 26.0% during the fourth quarter. Jump Financial LLC now owns 37,900 shares of the company’s stock worth $485,000 after purchasing an additional 7,817 shares in the last quarter. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Paysafe Stock Performance

PSFE stock opened at $22.82 on Wednesday. Paysafe Limited has a 12-month low of $9.25 and a 12-month high of $23.24. The stock’s 50 day simple moving average is $20.90 and its 200 day simple moving average is $17.86. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.83. The firm has a market cap of $1.39 billion, a P/E ratio of -103.73, a P/E/G ratio of 0.56 and a beta of 1.92.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on PSFE. Susquehanna boosted their price objective on shares of Paysafe from $16.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. UBS Group raised their price target on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a report on Wednesday, August 14th. Royal Bank of Canada increased their price target on shares of Paysafe from $20.00 to $25.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. Finally, Bank of America boosted their target price on Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.00.

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.