Susquehanna Lowers Paysafe (NYSE:PSFE) Price Target to $21.00

Paysafe (NYSE:PSFE) had its price target reduced by equities researchers at Susquehanna from $23.00 to $21.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Susquehanna’s price objective would suggest a potential upside of 10.47% from the company’s previous close.

PSFE has been the topic of several other reports. 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 note on Tuesday, August 27th. UBS Group lifted their target price 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. Finally, Royal Bank of Canada boosted their target price on shares of Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.67.

Paysafe Stock Performance

Shares of PSFE stock opened at $19.01 on Thursday. The company’s 50 day moving average is $22.18 and its 200 day moving average is $19.98. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.83. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of -90.52, a PEG ratio of 0.64 and a beta of 1.91. Paysafe has a 52-week low of $10.05 and a 52-week high of $26.25.

Paysafe (NYSE:PSFE) last issued its quarterly earnings data 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). Paysafe had a negative net margin of 0.78% and a positive return on equity of 14.42%. The company had revenue of $439.92 million for the quarter, compared to the consensus estimate of $428.40 million. On average, sell-side analysts anticipate that Paysafe will post 1.92 EPS for the current fiscal year.

Hedge Funds Weigh In On Paysafe

A number of institutional investors have recently modified their holdings of the stock. CWM LLC grew its holdings in Paysafe by 596.7% during the second quarter. CWM LLC now owns 1,470 shares of the company’s stock worth $26,000 after acquiring an additional 1,259 shares during the period. Nisa Investment Advisors LLC increased its holdings in Paysafe by 2,613.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock valued at $37,000 after buying an additional 2,012 shares in the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of Paysafe in the third quarter worth about $176,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Paysafe during the 2nd quarter worth about $222,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Paysafe during the 3rd quarter valued at about $225,000. Hedge funds and other institutional investors 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.