Susquehanna Raises Paysafe (NYSE:PSFE) Price Target to $23.00

Paysafe (NYSE:PSFE) had its price objective boosted by Susquehanna from $16.00 to $23.00 in a research report report published on Thursday morning, Benzinga reports. Susquehanna currently has a neutral rating on the stock.

Other analysts also recently issued reports about the company. Royal Bank of Canada lifted their target price on Paysafe from $20.00 to $25.00 and gave the stock a sector perform rating in a research report on Wednesday, August 14th. UBS Group raised their price target on Paysafe from $16.50 to $17.00 and gave the company a sell rating in a research note on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $18.27.

Paysafe Stock Down 1.3 %

NYSE:PSFE opened at $21.27 on Thursday. Paysafe has a twelve month low of $9.25 and a twelve month high of $21.95. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -96.68, a price-to-earnings-growth ratio of 0.52 and a beta of 1.91. The stock has a fifty day simple moving average of $19.12 and a 200-day simple moving average of $16.63. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.80.

Hedge Funds Weigh In On Paysafe

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning grew its stake in Paysafe by 2.4% in the second quarter. Creative Planning now owns 22,063 shares of the company’s stock valued at $390,000 after purchasing an additional 508 shares during the last quarter. SummerHaven Investment Management LLC grew its stake in Paysafe by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 64,840 shares of the company’s stock valued at $1,146,000 after purchasing an additional 821 shares during the last quarter. CWM LLC grew its stake in Paysafe by 596.7% in the second quarter. CWM LLC now owns 1,470 shares of the company’s stock valued at $26,000 after purchasing an additional 1,259 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Paysafe by 2,613.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock valued at $37,000 after purchasing an additional 2,012 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in Paysafe by 4.2% in the second quarter. Rhumbline Advisers now owns 55,108 shares of the company’s stock valued at $974,000 after purchasing an additional 2,226 shares during the last quarter. Hedge funds and other institutional investors 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.