Paysafe (NYSE:PSFE) Trading 3.7% Higher – What’s Next?

Paysafe Limited (NYSE:PSFE)’s share price rose 3.7% on Thursday . The stock traded as high as $15.60 and last traded at $15.78. Approximately 14,651 shares were traded during trading, a decline of 96% from the average daily volume of 371,513 shares. The stock had previously closed at $15.21.

Analyst Ratings Changes

Several brokerages recently issued reports on PSFE. Bank of America dropped their price objective on Paysafe from $18.00 to $16.00 and set an “underperform” rating on the stock in a research note on Monday. UBS Group boosted their price target on Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research report on Wednesday, February 12th. Susquehanna cut their target price on Paysafe from $21.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada cut their price objective on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th.

Paysafe Stock Performance

The firm’s 50 day moving average price is $18.53 and its two-hundred day moving average price is $19.94. The firm has a market cap of $937.73 million, a PE ratio of -40.54, a PEG ratio of 0.48 and a beta of 1.87. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14.

Paysafe (NYSE:PSFE) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.17). The business had revenue of $420.07 million for the quarter, compared to analyst estimates of $437.40 million. Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. On average, research analysts forecast that Paysafe Limited will post 1.87 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Spire Wealth Management acquired a new position in Paysafe in the 4th quarter valued at about $26,000. Bfsg LLC acquired a new position in shares of Paysafe in the fourth quarter valued at approximately $78,000. State of Wyoming increased its stake in Paysafe by 38.2% during the 4th quarter. State of Wyoming now owns 7,162 shares of the company’s stock worth $122,000 after buying an additional 1,980 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in Paysafe during the 3rd quarter worth approximately $176,000. Finally, Quantbot Technologies LP purchased a new position in Paysafe in the 4th quarter valued at approximately $169,000. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

Paysafe Company 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.