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

Shares of Paysafe Limited (NYSE:PSFE) have been given a consensus recommendation of “Reduce” by the six research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $19.00.

Several analysts have issued reports on the company. Bank of America upped their price objective on Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, August 27th. UBS Group increased 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 increased 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 increased 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 1.5 %

Shares of NYSE PSFE opened at $21.73 on Thursday. The stock’s 50 day moving average price is $21.24 and its two-hundred day moving average price is $18.20. Paysafe has a 52-week low of $9.25 and a 52-week high of $23.50. The stock has a market capitalization of $1.32 billion, a P/E ratio of -98.77, a PEG ratio of 0.57 and a beta of 1.92. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.83.

Paysafe (NYSE:PSFE) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.07). Paysafe had a negative net margin of 0.78% and a positive return on equity of 14.42%. The firm had revenue of $439.92 million for the quarter, compared to analyst estimates of $428.40 million. On average, analysts anticipate that Paysafe will post 1.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Paysafe

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSFE. Jump Financial LLC boosted its stake in Paysafe by 26.0% during the 4th quarter. Jump Financial LLC now owns 37,900 shares of the company’s stock valued at $485,000 after purchasing an additional 7,817 shares in the last quarter. Aigen Investment Management LP bought a new position in Paysafe during the 4th quarter valued at $548,000. Gabelli Funds LLC boosted its stake in Paysafe by 21.1% during the 4th quarter. Gabelli Funds LLC now owns 115,000 shares of the company’s stock valued at $1,471,000 after purchasing an additional 20,000 shares in the last quarter. CastleKnight Management LP boosted its stake in Paysafe by 631.6% during the 4th quarter. CastleKnight Management LP now owns 112,241 shares of the company’s stock valued at $1,436,000 after purchasing an additional 96,900 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in Paysafe during the 4th quarter valued at $366,000. 54.39% of the stock is owned by institutional investors.

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.