Paysafe (NYSE:PSFE) Given New $14.60 Price Target at Bank of America

Paysafe (NYSE:PSFE) had its target price upped by Bank of America from $13.40 to $14.60 in a research report released on Monday morning, Benzinga reports. Bank of America currently has an underperform rating on the stock.

Separately, BTIG Research assumed coverage on Paysafe in a report on Wednesday, January 17th. They issued a buy rating and a $19.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $20.83.

Paysafe Price Performance

Paysafe stock opened at $14.52 on Monday. The stock’s fifty day moving average price is $14.45 and its two-hundred day moving average price is $12.82. The firm has a market cap of $882.66 million, a PE ratio of -44.00, a price-to-earnings-growth ratio of 0.39 and a beta of 1.86. Paysafe has a one year low of $9.25 and a one year high of $17.18. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.11 and a quick ratio of 1.11.

Paysafe (NYSE:PSFE) last issued its earnings results on Thursday, March 7th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $414.50 million for the quarter, compared to the consensus estimate of $414.52 million. Paysafe had a positive return on equity of 15.85% and a negative net margin of 1.26%. The company’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.54 EPS. As a group, research analysts expect that Paysafe will post 2.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Paysafe

Hedge funds have recently modified their holdings of the company. Ancora Advisors LLC acquired a new stake in shares of Paysafe during the 3rd quarter valued at $2,928,000. Janney Montgomery Scott LLC acquired a new stake in shares of Paysafe during the 3rd quarter valued at $717,000. Corton Capital Inc. boosted its holdings in shares of Paysafe by 27.7% during the 3rd quarter. Corton Capital Inc. now owns 17,043 shares of the company’s stock valued at $204,000 after acquiring an additional 3,692 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Paysafe by 132.5% during the 4th quarter. SG Americas Securities LLC now owns 23,122 shares of the company’s stock worth $296,000 after buying an additional 13,176 shares during the period. Finally, Adage Capital Partners GP L.L.C. lifted its holdings in Paysafe by 37.4% during the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,155,486 shares of the company’s stock worth $13,854,000 after buying an additional 314,617 shares during the period. Institutional investors and hedge funds own 54.39% of the company’s stock.

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.