Analysts Set Paysafe Limited (NASDAQ:PSFE) Target Price at $10.08

Paysafe Limited (NASDAQ:PSFE) has received an average recommendation of “Buy” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $10.72.

A number of brokerages have recently commented on PSFE. Cowen downgraded shares of Paysafe from an “outperform” rating to a “market perform” rating and cut their target price for the company from $14.00 to $7.00 in a research note on Thursday, November 11th. Zacks Investment Research downgraded shares of Paysafe from a “buy” rating to a “hold” rating in a research note on Thursday. Wolfe Research downgraded shares of Paysafe from an “outperform” rating to a “peer perform” rating and dropped their price target for the stock from $14.00 to $4.50 in a research note on Friday, November 12th. Susquehanna dropped their price target on shares of Paysafe from $17.00 to $13.00 and set a “positive” rating on the stock in a research note on Monday, November 15th. Finally, Royal Bank of Canada dropped their price target on shares of Paysafe from $15.00 to $9.00 and set an “outperform” rating on the stock in a research note on Thursday, November 11th.

Shares of PSFE opened at $3.76 on Wednesday. The company’s fifty day moving average is $4.13 and its two-hundred day moving average is $7.35. Paysafe has a fifty-two week low of $3.18 and a fifty-two week high of $19.57. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.84.

Paysafe (NASDAQ:PSFE) last issued its earnings results on Friday, November 12th. The company reported ($0.20) EPS for the quarter. Paysafe had a negative net margin of 14.23% and a negative return on equity of 8.41%. The business had revenue of $353.59 million during the quarter. As a group, equities analysts forecast that Paysafe will post 0.05 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cinctive Capital Management LP bought a new stake in shares of Paysafe in the 2nd quarter worth about $2,553,000. Geode Capital Management LLC bought a new stake in shares of Paysafe in the 2nd quarter worth about $12,043,000. DAVENPORT & Co LLC bought a new stake in shares of Paysafe in the 3rd quarter worth about $240,000. Scotia Capital Inc. increased its position in shares of Paysafe by 307.1% in the 2nd quarter. Scotia Capital Inc. now owns 197,569 shares of the company’s stock worth $2,393,000 after purchasing an additional 149,035 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. bought a new stake in shares of Paysafe in the 2nd quarter worth about $360,000.

About Paysafe

Paysafe Limited provides digital commerce solutions to online businesses, SMB merchants, and consumers through its Paysafe Network worldwide. It offers digital wallet solutions under the Skrill and NETELLER brands, which enable users to upload, store, withdraw, and pay funds and APMs from a virtual account; Knect, a Skrill-related loyalty program; Net+Prepaid Mastercard, a companion product enabling NETELLER digital wallet active users to access and use stored funds anywhere that Mastercard card products are accepted; rapid transfer solutions; and issuing services for prepaid, virtual, and private label cards on behalf of its merchant customers.

Featured Story: Dual Listing

Analyst Recommendations for Paysafe (NASDAQ:PSFE)

Receive News & Ratings for Paysafe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paysafe and related companies with MarketBeat.com's FREE daily email newsletter.