Paysafe (NYSE:PSFE) Upgraded by Zacks Research to Hold Rating

Paysafe (NYSE:PSFE) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Wall Street Zen raised Paysafe from a “hold” rating to a “buy” rating in a report on Saturday. Susquehanna reissued a “neutral” rating and issued a $10.00 target price (up from $9.00) on shares of Paysafe in a report on Thursday, May 14th. Weiss Ratings cut Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. Royal Bank Of Canada restated a “sector perform” rating and set a $11.00 price target (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. Finally, BTIG Research boosted their price objective on Paysafe from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $10.13.

Paysafe Stock Up 3.4%

Shares of NYSE:PSFE opened at $7.19 on Monday. The firm has a 50 day simple moving average of $7.96 and a 200-day simple moving average of $7.56. Paysafe has a twelve month low of $5.95 and a twelve month high of $15.02. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.03. The company has a market capitalization of $371.32 million, a PE ratio of -2.04, a P/E/G ratio of 0.23 and a beta of 1.76.

Paysafe (NYSE:PSFE) last posted its earnings results on Thursday, May 14th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Paysafe had a negative net margin of 11.44% and a positive return on equity of 11.32%. The firm had revenue of $442.72 million for the quarter, compared to the consensus estimate of $424.41 million. On average, equities analysts predict that Paysafe will post 1.6 EPS for the current fiscal year.

Insider Activity at Paysafe

In other news, insider Richard Swales sold 10,000 shares of the stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $7.69, for a total transaction of $76,900.00. Following the completion of the sale, the insider owned 44,456 shares in the company, valued at approximately $341,866.64. This represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Institutional Trading of Paysafe

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its stake in shares of Paysafe by 143.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock valued at $70,000 after purchasing an additional 3,266 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Paysafe during the fourth quarter worth approximately $83,000. Directional Asset Management acquired a new stake in shares of Paysafe during the fourth quarter worth $93,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Paysafe during the fourth quarter worth $93,000. Finally, Quantbot Technologies LP purchased a new position in Paysafe in the 2nd quarter valued at $106,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

About Paysafe

Paysafe is a global payments provider that delivers a comprehensive suite of online and offline payment solutions. The company operates a diverse portfolio of products, including digital wallets under the Skrill and Neteller brands, prepaid voucher services through paysafecard, and integrated payment processing solutions for merchants. Paysafe’s platform is designed to serve a wide range of industries, from e-commerce and digital goods to gaming, financial services, and regulated verticals, offering tailored risk and compliance management alongside its core transaction capabilities.

Founded through a series of mergers and strategic acquisitions, Paysafe traces its origins to the launch of paysafecard in 2000 and the establishment of Optimal Payments in 1996.