Paysafe Limited (NYSE:PSFE) Given Average Recommendation of “Reduce” by Analysts

Shares of Paysafe Limited (NYSE:PSFE) have been assigned a consensus recommendation of “Reduce” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment 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 12 month price objective among brokers that have updated their coverage on the stock in the last year is $22.01.

Several brokerages recently commented on PSFE. Royal Bank of Canada lifted their target price on shares of Paysafe from $16.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 14th. Susquehanna lifted their target price on shares of Paysafe from $14.00 to $16.00 and gave the stock 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 stock an “underperform” rating in a report on Monday, April 15th. Finally, UBS Group lifted their price objective on shares of Paysafe from $11.00 to $16.50 and gave the stock a “sell” rating in a research note on Wednesday, May 15th.

Hedge Funds Weigh In On Paysafe

A number of institutional investors have recently added to or reduced their stakes in PSFE. SummerHaven Investment Management LLC grew its holdings in Paysafe by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 64,840 shares of the company’s stock worth $1,146,000 after acquiring an additional 821 shares during the last quarter. CWM LLC grew its holdings in Paysafe by 596.7% during the 2nd 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 last quarter. Nisa Investment Advisors LLC grew its holdings in Paysafe by 2,613.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock worth $37,000 after acquiring an additional 2,012 shares during the last quarter. Rhumbline Advisers grew its holdings in Paysafe by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 55,108 shares of the company’s stock worth $974,000 after acquiring an additional 2,226 shares during the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in Paysafe by 16.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 20,650 shares of the company’s stock worth $326,000 after acquiring an additional 2,950 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Paysafe Stock Down 4.1 %

Paysafe stock opened at $19.42 on Wednesday. The company has a fifty day simple moving average of $18.80 and a 200 day simple moving average of $16.29. Paysafe has a 1-year low of $9.25 and a 1-year high of $21.89. The company has a market cap of $1.18 billion, a P/E ratio of -88.27, a price-to-earnings-growth ratio of 0.52 and a beta of 1.91. 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 quarterly earnings data on Monday, May 13th. The company reported $0.45 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $417.74 million during the quarter, compared to the consensus estimate of $407.60 million. Research analysts anticipate that Paysafe will post 2.12 earnings per share for the current fiscal year.

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.