Paysafe (NYSE:PSFE) Releases Earnings Results, Beats Estimates By $0.01 EPS

Paysafe (NYSE:PSFEGet Free Report) issued its earnings results on Thursday. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01, FiscalAI reports. The business had revenue of $442.72 million during the quarter, compared to the consensus estimate of $424.41 million. Paysafe had a positive return on equity of 11.55% and a negative net margin of 10.73%.

Paysafe Price Performance

NYSE PSFE traded down $1.16 during mid-day trading on Thursday, hitting $8.18. The stock had a trading volume of 585,777 shares, compared to its average volume of 417,588. Paysafe has a 52-week low of $5.95 and a 52-week high of $15.02. The company has a market cap of $422.59 million, a price-to-earnings ratio of -2.60, a P/E/G ratio of 0.29 and a beta of 1.82. The company has a 50 day simple moving average of $7.83 and a 200 day simple moving average of $7.90. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 3.98.

Insiders Place Their Bets

In related news, insider Richard Swales sold 18,849 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $6.87, for a total value of $129,492.63. Following the completion of the transaction, the insider directly owned 24,291 shares of the company’s stock, valued at $166,879.17. This trade represents a 43.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Paysafe

Several hedge funds have recently bought and sold shares of PSFE. Geode Capital Management LLC increased its position in Paysafe by 1.8% during the second quarter. Geode Capital Management LLC now owns 399,449 shares of the company’s stock worth $5,041,000 after buying an additional 7,155 shares in the last quarter. Quantbot Technologies LP purchased a new position in Paysafe during the second quarter worth $106,000. Arrowstreet Capital Limited Partnership increased its position in Paysafe by 10.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 393,291 shares of the company’s stock worth $4,963,000 after buying an additional 36,994 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Paysafe by 24.2% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 44,872 shares of the company’s stock worth $566,000 after buying an additional 8,729 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Paysafe by 18.8% during the second quarter. Ameriprise Financial Inc. now owns 182,237 shares of the company’s stock worth $2,300,000 after buying an additional 28,812 shares in the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Key Paysafe News

Here are the key news stories impacting Paysafe this week:

Wall Street Analysts Forecast Growth

PSFE has been the subject of a number of analyst reports. Susquehanna reissued a “neutral” rating and set a $10.00 target price (up from $9.00) on shares of Paysafe in a research note on Thursday. Wall Street Zen downgraded Paysafe from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. BTIG Research increased their target price on Paysafe from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday. Zacks Research raised Paysafe from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paysafe in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Paysafe has an average rating of “Reduce” and a consensus target price of $10.96.

Check Out Our Latest Stock Analysis on Paysafe

Paysafe Company Profile

(Get Free Report)

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.

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Earnings History for Paysafe (NYSE:PSFE)

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