Foundry Partners LLC Acquires 96,708 Shares of Paysafe Limited (NYSE:PSFE)

Foundry Partners LLC grew its holdings in shares of Paysafe Limited (NYSE:PSFE) by 39.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 339,696 shares of the company’s stock after purchasing an additional 96,708 shares during the quarter. Foundry Partners LLC owned about 0.56% of Paysafe worth $5,809,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of PSFE. Private Management Group Inc. acquired a new position in shares of Paysafe during the 4th quarter valued at about $8,489,000. Raymond James Financial Inc. bought a new position in shares of Paysafe in the fourth quarter valued at approximately $1,944,000. ExodusPoint Capital Management LP bought a new position in shares of Paysafe in the fourth quarter valued at approximately $1,792,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 buying an additional 91,592 shares during the period. Finally, Palogic Value Management L.P. bought a new stake in shares of Paysafe during the 4th quarter worth $1,104,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

Paysafe Stock Performance

NYSE:PSFE opened at $14.14 on Friday. The firm’s 50-day moving average is $18.09 and its 200-day moving average is $19.30. The company has a market cap of $859.39 million, a price-to-earnings ratio of -37.21, a PEG ratio of 0.48 and a beta of 1.91. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14. Paysafe Limited has a 52-week low of $13.16 and a 52-week high of $26.25.

Paysafe (NYSE:PSFE) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.17). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The firm had revenue of $420.07 million during the quarter, compared to analyst estimates of $437.40 million. Equities research analysts anticipate that Paysafe Limited will post 1.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PSFE. UBS Group boosted their target price on shares of Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research report on Wednesday, February 12th. Bank of America cut their price objective on Paysafe from $18.00 to $16.00 and set an “underperform” rating for the company in a research report on Monday, March 10th. Finally, Susquehanna decreased their target price on Paysafe from $21.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday, March 5th.

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.