Paysafe Limited (NYSE:PSFE) Receives Consensus Recommendation of “Reduce” from Brokerages

Paysafe Limited (NYSE:PSFE) has been assigned an average rating of “Reduce” from the six research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $19.00.

Several brokerages have weighed in on PSFE. Bank of America increased their target price on shares of Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 27th. Royal Bank of Canada upped their price target on Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. UBS Group lifted their price objective on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research note on Wednesday, August 14th. Finally, Susquehanna boosted their price objective on Paysafe from $16.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, August 15th.

Hedge Funds Weigh In On Paysafe

Several institutional investors and hedge funds have recently modified their holdings of the company. Cannae Holdings Inc. raised its position in shares of Paysafe by 92.9% in the 1st quarter. Cannae Holdings Inc. now owns 3,379,887 shares of the company’s stock worth $53,368,000 after buying an additional 1,628,183 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Paysafe by 24.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock worth $28,876,000 after purchasing an additional 324,207 shares during the period. Jacobs Levy Equity Management Inc. increased its position in Paysafe by 39.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company’s stock worth $4,781,000 after purchasing an additional 85,170 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Paysafe in the second quarter valued at approximately $3,702,000. Finally, Renaissance Technologies LLC grew its stake in Paysafe by 31.8% during the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company’s stock worth $3,612,000 after buying an additional 49,300 shares during the period. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Paysafe Trading Down 1.2 %

PSFE stock opened at $22.54 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.83. Paysafe has a 52-week low of $9.25 and a 52-week high of $23.50. The company’s 50-day simple moving average is $21.00 and its 200-day simple moving average is $17.89. The firm has a market cap of $1.37 billion, a P/E ratio of -102.45, a PEG ratio of 0.56 and a beta of 1.92.

Paysafe (NYSE:PSFE) last announced its earnings results on Tuesday, August 13th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). Paysafe had a negative net margin of 0.78% and a positive return on equity of 14.42%. The firm had revenue of $439.92 million for the quarter, compared to analyst estimates of $428.40 million. As a group, equities analysts forecast that Paysafe will post 1.92 EPS 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.