Brokerages Set Paysafe Limited (NYSE:PSFE) Target Price at $19.00

Paysafe Limited (NYSE:PSFE) has been given an average rating of “Reduce” by the six analysts that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given 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.

PSFE has been the subject of a number of research reports. Bank of America lifted their price target on Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 27th. UBS Group lifted their price target on Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a research report on Wednesday, August 14th. Susquehanna lifted their price target on Paysafe from $16.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Finally, Royal Bank of Canada lifted their price target on Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th.

Paysafe Trading Down 1.6 %

Shares of NYSE:PSFE opened at $22.21 on Thursday. Paysafe has a 12-month low of $9.25 and a 12-month high of $23.50. The business’s fifty day simple moving average is $21.15 and its 200-day simple moving average is $17.98. The company has a market capitalization of $1.35 billion, a PE ratio of -100.95, a P/E/G ratio of 0.56 and a beta of 1.92. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.83.

Paysafe (NYSE:PSFE) last announced its earnings results on Tuesday, August 13th. The company reported $0.43 earnings per share 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 analysts’ expectations of $428.40 million. As a group, equities research analysts predict that Paysafe will post 1.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Paysafe

Institutional investors and hedge funds have recently modified their holdings of the stock. Gabelli Funds LLC raised its holdings in Paysafe by 32.6% in the 1st quarter. Gabelli Funds LLC now owns 152,500 shares of the company’s stock worth $2,408,000 after purchasing an additional 37,500 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Paysafe by 14.2% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,289 shares of the company’s stock worth $1,544,000 after purchasing an additional 11,707 shares during the period. CastleKnight Management LP raised its holdings in Paysafe by 631.6% in the 4th quarter. CastleKnight Management LP now owns 112,241 shares of the company’s stock worth $1,436,000 after purchasing an additional 96,900 shares during the period. Jump Financial LLC raised its holdings in Paysafe by 26.0% in the 4th quarter. Jump Financial LLC now owns 37,900 shares of the company’s stock worth $485,000 after purchasing an additional 7,817 shares during the period. Finally, 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 worth $4,781,000 after purchasing an additional 85,170 shares during the period. Institutional investors and hedge funds own 54.39% of the company’s stock.

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.