Paysafe Limited (NYSE:PSFE) Given Consensus Rating of “Reduce” by Analysts

Paysafe Limited (NYSE:PSFE) has been assigned an average recommendation of “Reduce” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $22.01.

Several research firms recently weighed in on PSFE. 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. Royal Bank of Canada lifted their target price on shares of Paysafe from $16.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, May 14th. Susquehanna boosted their price target on shares of Paysafe from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Finally, Bank of America boosted their price target on shares of Paysafe from $13.40 to $14.60 and gave the stock an “underperform” rating in a research note on Monday, April 15th.

Paysafe Stock Down 2.6 %

PSFE stock opened at $17.54 on Tuesday. The firm has a market cap of $1.07 billion, a PE ratio of -79.73, a PEG ratio of 0.46 and a beta of 1.92. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s 50 day moving average price is $16.54 and its 200-day moving average price is $14.52. Paysafe has a one year low of $9.25 and a one year high of $19.83.

Paysafe (NYSE:PSFE) last released its quarterly earnings results on Monday, May 13th. The company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. Paysafe had a negative net margin of 0.82% and a positive return on equity of 15.26%. The firm had revenue of $417.74 million for the quarter, compared to analyst estimates of $407.60 million. On average, equities research analysts anticipate that Paysafe will post 2.12 EPS for the current year.

Hedge Funds Weigh In On Paysafe

Institutional investors and hedge funds have recently modified their holdings of the company. Ancora Advisors LLC acquired a new position in shares of Paysafe during the third quarter worth $2,928,000. Janney Montgomery Scott LLC acquired a new position in shares of Paysafe during the third quarter worth $717,000. CastleKnight Management LP grew its stake in shares of Paysafe by 631.6% during the fourth quarter. CastleKnight Management LP now owns 112,241 shares of the company’s stock worth $1,436,000 after purchasing an additional 96,900 shares in the last quarter. Jump Financial LLC grew its stake in shares of Paysafe by 26.0% during the fourth quarter. Jump Financial LLC now owns 37,900 shares of the company’s stock worth $485,000 after purchasing an additional 7,817 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new position in shares of Paysafe during the fourth quarter worth $548,000. Institutional investors and hedge funds 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.