Susquehanna Reiterates “Neutral” Rating for Paysafe (NYSE:PSFE)

Paysafe (NYSE:PSFE)‘s stock had its “neutral” rating reiterated by equities researchers at Susquehanna in a note issued to investors on Tuesday, Benzinga reports. They presently have a $23.00 target price on the stock. Susquehanna’s target price would indicate a potential downside of 1.20% from the company’s previous close.

Several other research firms also recently weighed in on PSFE. Bank of America raised their price target on Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 27th. Royal Bank of Canada raised their price target on Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 14th. Finally, UBS Group raised their price target on Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a research report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $19.00.

Paysafe Stock Performance

NYSE PSFE opened at $23.28 on Tuesday. Paysafe has a 1-year low of $9.25 and a 1-year high of $23.50. 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 moving average price of $21.70 and a 200 day moving average price of $18.99. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.15 and a quick ratio of 1.15.

Paysafe (NYSE:PSFE) last released its quarterly earnings data 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). 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 during the quarter, compared to analysts’ expectations of $428.40 million. Sell-side analysts expect that Paysafe will post 1.92 EPS for the current fiscal year.

Institutional Investors Weigh In On Paysafe

Several hedge funds have recently made changes to their positions in PSFE. CWM LLC boosted its holdings in shares of Paysafe by 596.7% during 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 last quarter. Nisa Investment Advisors LLC boosted its holdings in Paysafe by 2,613.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock valued at $37,000 after acquiring an additional 2,012 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new position in Paysafe in the second quarter valued at $222,000. SG Americas Securities LLC boosted its holdings in Paysafe by 107.7% in the third quarter. SG Americas Securities LLC now owns 13,149 shares of the company’s stock valued at $295,000 after acquiring an additional 6,817 shares during the last quarter. Finally, Sei Investments Co. acquired a new position in Paysafe in the second quarter valued at $325,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

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.