Paysafe (NYSE:PSFE) Given New $17.50 Price Target at UBS Group

Paysafe (NYSE:PSFE) had its target price hoisted by UBS Group from $17.00 to $17.50 in a research report report published on Wednesday,Benzinga reports. UBS Group currently has a sell rating on the stock.

PSFE has been the subject of a number of other reports. Royal Bank of Canada lowered their target price on Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Susquehanna lowered their price objective on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th.

Paysafe Stock Up 0.7 %

PSFE opened at $19.10 on Wednesday. Paysafe has a 52 week low of $11.94 and a 52 week high of $26.25. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14. The business has a fifty day simple moving average of $18.51 and a 200-day simple moving average of $20.26.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PSFE. Dynamic Technology Lab Private Ltd acquired a new stake in Paysafe in the 4th quarter valued at about $240,000. Foundry Partners LLC increased its stake in shares of Paysafe by 39.8% during the fourth quarter. Foundry Partners LLC now owns 339,696 shares of the company’s stock worth $5,809,000 after buying an additional 96,708 shares during the period. ExodusPoint Capital Management LP acquired a new stake in Paysafe in the fourth quarter valued at approximately $1,792,000. Franklin Resources Inc. purchased a new position in Paysafe in the fourth quarter worth approximately $374,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Paysafe by 15.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 694,079 shares of the company’s stock worth $11,869,000 after acquiring an additional 91,592 shares in the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

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.