Royal Bank of Canada Boosts Paysafe (NYSE:PSFE) Price Target to $25.00

Paysafe (NYSE:PSFE) had its target price lifted by Royal Bank of Canada from $20.00 to $25.00 in a research note released on Wednesday morning, Benzinga reports. They currently have a sector perform rating on the stock.

Several other equities analysts have also issued reports on PSFE. UBS Group lifted their price target on Paysafe from $16.50 to $17.00 and gave the stock a sell rating in a research report on Wednesday. Susquehanna boosted their price objective on shares of Paysafe from $14.00 to $16.00 and gave the stock a neutral rating in a report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Paysafe has an average rating of Hold and an average price target of $18.27.

Paysafe Stock Down 1.3 %

PSFE stock opened at $21.28 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.80. The business has a 50 day moving average of $19.12 and a 200 day moving average of $16.61. Paysafe has a twelve month low of $9.25 and a twelve month high of $21.95. The firm has a market cap of $1.29 billion, a PE ratio of -96.73, a price-to-earnings-growth ratio of 0.52 and a beta of 1.91.

Hedge Funds Weigh In On Paysafe

Several hedge funds and other institutional investors have recently modified their holdings of the company. CWM LLC increased its position in Paysafe by 596.7% during the second quarter. CWM LLC now owns 1,470 shares of the company’s stock valued at $26,000 after acquiring an additional 1,259 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Paysafe by 2,613.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock worth $37,000 after purchasing an additional 2,012 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of Paysafe by 21.4% in the fourth quarter. New York State Common Retirement Fund now owns 17,106 shares of the company’s stock worth $219,000 after buying an additional 3,016 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Paysafe during the second quarter valued at approximately $222,000. Finally, Sei Investments Co. purchased a new stake in Paysafe during the second quarter valued at approximately $325,000. 54.39% of the stock is owned by institutional investors.

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.