Quadrature Capital Ltd Takes Position in Paysafe Limited (NYSE:PSFE)

Quadrature Capital Ltd purchased a new stake in Paysafe Limited (NYSE:PSFE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 28,628 shares of the company’s stock, valued at approximately $366,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. SummerHaven Investment Management LLC increased its stake in shares of Paysafe by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 63,321 shares of the company’s stock valued at $810,000 after purchasing an additional 971 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of Paysafe by 21.4% in the 4th quarter. New York State Common Retirement Fund now owns 17,106 shares of the company’s stock valued at $219,000 after purchasing an additional 3,016 shares in the last quarter. Corton Capital Inc. increased its stake in shares of Paysafe by 27.7% in the 3rd quarter. Corton Capital Inc. now owns 17,043 shares of the company’s stock valued at $204,000 after purchasing an additional 3,692 shares in the last quarter. Federated Hermes Inc. increased its stake in shares of Paysafe by 2.2% in the 4th quarter. Federated Hermes Inc. now owns 196,795 shares of the company’s stock valued at $2,517,000 after purchasing an additional 4,150 shares in the last quarter. Finally, Jump Financial LLC increased its stake in shares of Paysafe by 26.0% in the 4th quarter. Jump Financial LLC now owns 37,900 shares of the company’s stock valued at $485,000 after purchasing an additional 7,817 shares in the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on PSFE shares. Royal Bank of Canada boosted their price objective on Paysafe from $16.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Tuesday, May 14th. Susquehanna boosted their price objective on Paysafe from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. UBS Group boosted their price objective on Paysafe from $11.00 to $16.50 and gave the stock a “sell” rating in a research note on Wednesday, May 15th. Finally, Bank of America boosted their price objective on Paysafe from $13.40 to $14.60 and gave the stock an “underperform” rating in a research note on Monday, April 15th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $22.01.

Paysafe Price Performance

PSFE stock opened at $18.09 on Tuesday. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.12 and a quick ratio of 1.12. The business has a 50 day simple moving average of $16.77 and a 200-day simple moving average of $14.86. The firm has a market capitalization of $1.10 billion, a PE ratio of -82.23, a price-to-earnings-growth ratio of 0.45 and a beta of 1.92. Paysafe Limited has a 1 year low of $9.25 and a 1 year high of $19.83.

Paysafe (NYSE:PSFE) last posted its quarterly earnings results on Monday, May 13th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. Paysafe had a positive return on equity of 15.26% and a negative net margin of 0.82%. The business had revenue of $417.74 million during the quarter, compared to analyst estimates of $407.60 million. Equities research analysts anticipate that Paysafe Limited will post 2.12 earnings per share for the current fiscal year.

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.