Paysafe Limited (PSFE) – What Are Analysts Thinking About This Stock?

Paysafe Limited (NYSE:PSFE) has earned a consensus rating of “Reduce” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $8.50.

Several brokerages have recently weighed in on PSFE. UBS Group set a $7.00 price objective on shares of Paysafe and gave the stock a “sell” rating in a research report on Friday, August 14th. Royal Bank Of Canada set a $9.00 target price on shares of Paysafe and gave the company a “sector perform” rating in a report on Friday, August 14th. Zacks Research downgraded shares of Paysafe from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. BTIG Research cut their price target on shares of Paysafe from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Wednesday, July 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Paysafe in a research report on Wednesday, November 4th.

Paysafe Price Performance

Shares of NYSE PSFE opened at $6.83 on Friday. The stock’s 50-day simple moving average is $6.06 and its 200-day simple moving average is $7.09. The firm has a market capitalization of $352.74 million, a PE ratio of -1.79 and a beta of 1.80. Paysafe has a fifty-two week low of $5.29 and a fifty-two week high of $10.81. The company has a debt-to-equity ratio of 4.38, a quick ratio of 1.17 and a current ratio of 1.17.

Paysafe (NYSE:PSFE) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $447.44 million during the quarter, compared to the consensus estimate of $446.85 million. Paysafe had a positive return on equity of 10.31% and a negative net margin of 11.82%.

Insider Activity

In other Paysafe news, insider Richard Swales sold 10,000 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $6.58, for a total transaction of $65,800.00. Following the transaction, the insider owned 34,456 shares of the company’s stock, valued at approximately $226,720.48. This trade represents a 22.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Institutional Trading of Paysafe

Several institutional investors and hedge funds have recently made changes to their positions in PSFE. R Squared Ltd purchased a new position in Paysafe during the 3rd quarter worth approximately $92,000. Private Management Group Inc. lifted its stake in Paysafe by 4.7% in the third quarter. Private Management Group Inc. now owns 2,910,973 shares of the company’s stock valued at $16,389,000 after buying an additional 131,379 shares during the last quarter. Palogic Value Management L.P. purchased a new stake in Paysafe in the second quarter valued at approximately $374,000. Engineers Gate Manager LP acquired a new stake in shares of Paysafe in the second quarter valued at approximately $98,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Paysafe in the second quarter valued at approximately $350,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

Paysafe Company Profile

Paysafe Limited is a payments technology company that provides services to businesses and consumers. Its offerings include payment processing and merchant solutions, digital wallets, and prepaid payment products designed for online and in-person transactions. The company’s consumer brands include Skrill and NETELLER digital wallets and paysafecard, a prepaid option that lets customers pay online without using a traditional payment card. Paysafe also supports merchants with tools for accepting and managing payments across digital channels.