Paysafe (NYSE:PSFE) Shares Gap Up to $19.36

Paysafe Limited (NYSE:PSFE)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $19.36, but opened at $21.10. Paysafe shares last traded at $20.25, with a volume of 172,340 shares.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Susquehanna increased their price target on shares of Paysafe from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, May 14th. Royal Bank of Canada boosted their price target on Paysafe from $16.00 to $20.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 14th. UBS Group lifted their price objective on Paysafe from $11.00 to $16.50 and gave the stock a “sell” rating in a report on Wednesday, May 15th. Finally, Bank of America upped their target price on Paysafe from $13.40 to $14.60 and gave the company an “underperform” rating in a research note on Monday, April 15th. Three analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Paysafe currently has a consensus rating of “Hold” and an average target price of $22.01.

Paysafe Trading Up 6.1 %

The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.80. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -88.00, a price-to-earnings-growth ratio of 0.52 and a beta of 1.91. The business’s fifty day moving average is $18.88 and its two-hundred day moving average is $16.48.

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

Institutional Investors Weigh In On Paysafe

A number of hedge funds have recently modified their holdings of the business. Cannae Holdings Inc. raised its stake in shares of Paysafe by 92.9% in the 1st quarter. Cannae Holdings Inc. now owns 3,379,887 shares of the company’s stock valued at $53,368,000 after purchasing an additional 1,628,183 shares during the period. Dimensional Fund Advisors LP lifted its stake in Paysafe by 24.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock valued at $28,876,000 after acquiring an additional 324,207 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Paysafe by 39.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company’s stock worth $4,781,000 after acquiring an additional 85,170 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Paysafe during the 2nd quarter worth approximately $3,702,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Paysafe by 31.8% in the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company’s stock valued at $3,612,000 after purchasing an additional 49,300 shares during the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

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.