Paysafe Limited (NYSE:PSFE) Receives $19.00 Consensus Price Target from Analysts

Paysafe Limited (NYSE:PSFE) has been given an average recommendation of “Reduce” by the six ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $19.00.

PSFE has been the subject of several recent research reports. Susquehanna reissued a “neutral” rating and set a $23.00 price target on shares of Paysafe in a research report on Tuesday. Bank of America lifted their price target on Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a report on Tuesday, August 27th. UBS Group raised their target price on shares of Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada upped their price target on shares of Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th.

Institutional Trading of Paysafe

Several institutional investors have recently added to or reduced their stakes in the stock. Creative Planning raised its stake in Paysafe by 2.4% during the second quarter. Creative Planning now owns 22,063 shares of the company’s stock valued at $390,000 after buying an additional 508 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in Paysafe by 1.3% during the second quarter. SummerHaven Investment Management LLC now owns 64,840 shares of the company’s stock worth $1,146,000 after purchasing an additional 821 shares during the last quarter. CWM LLC boosted its holdings in Paysafe by 596.7% in the second quarter. CWM LLC now owns 1,470 shares of the company’s stock worth $26,000 after purchasing an additional 1,259 shares during the period. Nisa Investment Advisors LLC increased its stake in Paysafe by 2,613.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock valued at $37,000 after purchasing an additional 2,012 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Paysafe by 4.2% during the second quarter. Rhumbline Advisers now owns 55,108 shares of the company’s stock worth $974,000 after purchasing an additional 2,226 shares during the period. 54.39% of the stock is owned by institutional investors and hedge funds.

Paysafe Price Performance

PSFE stock opened at $23.28 on Monday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.83. The company has a market capitalization of $1.42 billion, a P/E ratio of -105.82, a PEG ratio of 0.55 and a beta of 1.92. The business has a 50 day simple moving average of $21.70 and a 200-day simple moving average of $18.99. Paysafe has a twelve month low of $9.25 and a twelve month high of $23.50.

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

About Paysafe

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.