Paysafe (NYSE:PSFE) Price Target Lowered to $21.00 at Susquehanna

Paysafe (NYSE:PSFE) had its target price cut by Susquehanna from $23.00 to $21.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other analysts have also issued reports on the company. Royal Bank of Canada boosted their target price on Paysafe from $20.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 14th. Bank of America boosted their price target on shares of Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a research report on Tuesday, August 27th. Finally, UBS Group raised their price objective on shares of Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a report on Wednesday, August 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $18.00.

Paysafe Stock Performance

Paysafe stock traded down $0.37 during mid-day trading on Thursday, reaching $17.71. 664,401 shares of the company’s stock were exchanged, compared to its average volume of 347,159. The firm has a market capitalization of $1.08 billion, a PE ratio of -44.45, a P/E/G ratio of 0.48 and a beta of 1.91. The business’s fifty day simple moving average is $22.10 and its 200 day simple moving average is $19.97. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.83. Paysafe has a one year low of $10.05 and a one year high of $26.25.

Paysafe (NYSE:PSFE) last released its earnings results on Tuesday, August 13th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). The company had revenue of $439.92 million for the quarter, compared to the consensus estimate of $428.40 million. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.94%. On average, sell-side analysts expect that Paysafe will post 1.92 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Creative Planning raised its holdings in Paysafe by 2.4% in the 2nd quarter. Creative Planning now owns 22,063 shares of the company’s stock worth $390,000 after purchasing an additional 508 shares in the last quarter. SummerHaven Investment Management LLC raised its position in shares of Paysafe by 1.3% in the 2nd quarter. SummerHaven Investment Management LLC now owns 64,840 shares of the company’s stock worth $1,146,000 after purchasing an additional 821 shares during the last quarter. CWM LLC boosted its stake in Paysafe by 596.7% in the 2nd quarter. CWM LLC now owns 1,470 shares of the company’s stock worth $26,000 after purchasing an additional 1,259 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Paysafe by 2,613.0% during the 2nd 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 increased its stake in Paysafe by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 55,108 shares of the company’s stock valued at $974,000 after purchasing an additional 2,226 shares in the last quarter. Institutional investors 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.