Paysafe Limited (NYSE:PSFE) Given Average Rating of “Reduce” by Brokerages

Shares of Paysafe Limited (NYSE:PSFE) have been given a consensus recommendation of “Reduce” by the eight brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $22.01.

A number of equities analysts have recently commented on the stock. Susquehanna lifted their target price on shares of Paysafe from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, May 14th. Bank of America lifted their target price on shares of Paysafe from $13.40 to $14.60 and gave the company an “underperform” rating in a report on Monday, April 15th. UBS Group lifted their target price on shares of Paysafe from $11.00 to $16.50 and gave the company a “sell” rating in a report on Wednesday, May 15th. Finally, Royal Bank of Canada boosted their price objective on shares of Paysafe from $16.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 14th.

Paysafe Stock Up 2.4 %

PSFE stock opened at $18.68 on Wednesday. The company’s 50 day moving average is $18.80 and its two-hundred day moving average is $16.35. The stock has a market cap of $1.14 billion, a P/E ratio of -84.91, a PEG ratio of 0.52 and a beta of 1.91. Paysafe has a twelve month low of $9.25 and a twelve month high of $21.89. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.80.

Paysafe (NYSE:PSFE) last announced its earnings results on Monday, May 13th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The business had revenue of $417.74 million for the quarter, compared to analysts’ expectations of $407.60 million. Paysafe had a negative net margin of 0.82% and a positive return on equity of 15.26%. Research analysts expect that Paysafe will post 2.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Paysafe

Institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in shares of Paysafe by 132.5% during the 4th quarter. SG Americas Securities LLC now owns 23,122 shares of the company’s stock worth $296,000 after purchasing an additional 13,176 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Paysafe by 2.2% during the 4th quarter. Federated Hermes Inc. now owns 196,795 shares of the company’s stock worth $2,517,000 after purchasing an additional 4,150 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Paysafe by 21.4% during the 4th quarter. New York State Common Retirement Fund now owns 17,106 shares of the company’s stock worth $219,000 after purchasing an additional 3,016 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Paysafe by 51.6% during the 4th quarter. Russell Investments Group Ltd. now owns 163,458 shares of the company’s stock worth $2,091,000 after purchasing an additional 55,650 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its position in shares of Paysafe by 1.6% during the 4th quarter. SummerHaven Investment Management LLC now owns 63,321 shares of the company’s stock worth $810,000 after purchasing an additional 971 shares in the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

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.