Paysafe Limited (NYSE:PSFE – Get Free Report) has been assigned an average rating of “Reduce” from the six ratings firms that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $10.1250.
PSFE has been the topic of several research analyst reports. Susquehanna reissued a “neutral” rating and issued a $10.00 price objective (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. Weiss Ratings downgraded Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. BTIG Research lifted their target price on Paysafe from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Wall Street Zen lowered Paysafe from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. Finally, UBS Group restated a “sell” rating and issued a $7.50 price target (up from $6.75) on shares of Paysafe in a report on Thursday, May 14th.
Read Our Latest Stock Report on PSFE
Paysafe Trading Up 3.0%
Paysafe (NYSE:PSFE – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.01. Paysafe had a positive return on equity of 11.32% and a negative net margin of 11.44%.The firm had revenue of $442.72 million for the quarter, compared to the consensus estimate of $424.41 million. Research analysts predict that Paysafe will post 1.6 earnings per share for the current year.
Insider Buying and Selling at Paysafe
In other news, insider Richard Swales sold 10,000 shares of the firm’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $7.69, for a total value of $76,900.00. Following the completion of the sale, the insider owned 44,456 shares of the company’s stock, valued at $341,866.64. This trade represents a 18.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Institutional Trading of Paysafe
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PSFE. Greenwich Wealth Management LLC raised its stake in shares of Paysafe by 6.9% during the 4th quarter. Greenwich Wealth Management LLC now owns 30,473 shares of the company’s stock valued at $247,000 after buying an additional 1,960 shares during the last quarter. Two Sigma Investments LP raised its stake in shares of Paysafe by 4.7% during the 3rd quarter. Two Sigma Investments LP now owns 69,940 shares of the company’s stock valued at $904,000 after buying an additional 3,135 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Paysafe by 143.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock valued at $70,000 after buying an additional 3,266 shares during the last quarter. Campbell & CO Investment Adviser LLC raised its stake in shares of Paysafe by 23.2% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 24,440 shares of the company’s stock valued at $198,000 after buying an additional 4,606 shares during the last quarter. Finally, Bfsg LLC raised its stake in shares of Paysafe by 46.0% during the 4th quarter. Bfsg LLC now owns 16,148 shares of the company’s stock valued at $131,000 after buying an additional 5,088 shares during the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.
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.
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