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

Shares of Paysafe Limited (NYSE:PSFE) have received an average rating of “Reduce” from the six brokerages that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $19.00.

Several research analysts recently issued reports on PSFE shares. Bank of America increased their price target on shares of Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 27th. UBS Group increased their price target on shares of Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a research note 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 stock a “sector perform” rating in a research note on Wednesday, August 14th. Finally, Susquehanna raised 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.

Paysafe Trading Up 2.4 %

NYSE:PSFE opened at $21.77 on Monday. The company has a 50-day moving average price of $21.47 and a 200-day moving average price of $18.87. Paysafe has a 12 month low of $9.25 and a 12 month high of $23.50. 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 stock has a market cap of $1.32 billion, a price-to-earnings ratio of -103.66, a P/E/G ratio of 0.55 and a beta of 1.92.

Paysafe (NYSE:PSFE) last posted its 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). The company had revenue of $439.92 million during the quarter, compared to analysts’ expectations of $428.40 million. Paysafe had a positive return on equity of 14.42% and a negative net margin of 0.78%. Equities analysts predict that Paysafe will post 1.92 EPS for the current year.

Institutional Trading of Paysafe

Institutional investors have recently made changes to their positions in the stock. CWM LLC boosted its holdings in shares of 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 acquiring an additional 1,259 shares during the last quarter. Nisa Investment Advisors LLC boosted its holdings 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 worth $37,000 after buying an additional 2,012 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of Paysafe in the second quarter worth approximately $222,000. SG Americas Securities LLC boosted its holdings in shares of Paysafe by 107.7% in the third quarter. SG Americas Securities LLC now owns 13,149 shares of the company’s stock worth $295,000 after buying an additional 6,817 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in shares of Paysafe in the second quarter worth approximately $325,000. Hedge funds and other institutional investors own 54.39% of the company’s stock.

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.