Paysafe (NYSE:PSFE – Free Report) had its target price lifted by Royal Bank of Canada from $20.00 to $25.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a sector perform rating on the stock.
Several other equities analysts have also issued reports on PSFE. UBS Group lifted their price target on Paysafe from $16.50 to $17.00 and gave the stock a sell rating in a research report on Wednesday. Susquehanna boosted their price objective on shares of Paysafe from $14.00 to $16.00 and gave the stock a neutral rating in a report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Paysafe has an average rating of Hold and an average price target of $18.27.
View Our Latest Analysis on Paysafe
Paysafe Stock Down 1.3 %
Hedge Funds Weigh In On Paysafe
Several hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC increased its position in Paysafe by 596.7% during the second quarter. CWM LLC now owns 1,470 shares of the company’s stock valued at $26,000 after acquiring an additional 1,259 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Paysafe by 2,613.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock worth $37,000 after purchasing an additional 2,012 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Paysafe by 21.4% in the fourth quarter. New York State Common Retirement Fund now owns 17,106 shares of the company’s stock worth $219,000 after buying an additional 3,016 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Paysafe during the second quarter valued at approximately $222,000. Finally, Sei Investments Co. purchased a new stake in Paysafe during the second quarter valued at approximately $325,000. 54.39% of the stock is owned by institutional investors.
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.
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