Foundry Partners LLC Makes New Investment in Paysafe Limited (NYSE:PSFE)

Foundry Partners LLC purchased a new position in shares of Paysafe Limited (NYSE:PSFE) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 242,988 shares of the company’s stock, valued at approximately $5,450,000. Foundry Partners LLC owned about 0.40% of Paysafe as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Empowered Funds LLC boosted its stake in Paysafe by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 238,448 shares of the company’s stock valued at $5,348,000 after purchasing an additional 12,060 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in shares of Paysafe in the third quarter valued at about $225,000. Principal Financial Group Inc. acquired a new stake in shares of Paysafe in the third quarter valued at about $764,000. SteelPeak Wealth LLC bought a new stake in shares of Paysafe during the 3rd quarter valued at about $560,000. Finally, SG Americas Securities LLC boosted its position in shares of Paysafe by 107.7% during the 3rd quarter. SG Americas Securities LLC now owns 13,149 shares of the company’s stock valued at $295,000 after purchasing an additional 6,817 shares in the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

Paysafe Stock Up 3.0 %

Shares of NYSE:PSFE opened at $17.50 on Friday. Paysafe Limited has a 1 year low of $10.05 and a 1 year high of $26.25. The company has a market cap of $1.06 billion, a PE ratio of -46.05, a P/E/G ratio of 0.44 and a beta of 1.91. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50-day moving average is $21.65 and its 200 day moving average is $20.07.

Analysts Set New Price Targets

PSFE has been the topic of a number of recent research reports. Bank of America raised their target price on Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a report on Tuesday, August 27th. Royal Bank of Canada decreased their price target on Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. UBS Group raised their target price on Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a research report on Wednesday, August 14th. Finally, Susquehanna cut their price target on Paysafe from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Paysafe currently has a consensus rating of “Hold” and an average target price of $18.00.

Paysafe Profile

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.