SG Americas Securities LLC Raises Stock Holdings in Paysafe Limited (NYSE:PSFE)

SG Americas Securities LLC boosted its holdings in Paysafe Limited (NYSE:PSFE) by 107.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,149 shares of the company’s stock after purchasing an additional 6,817 shares during the period. SG Americas Securities LLC’s holdings in Paysafe were worth $295,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PSFE. Creative Planning lifted its holdings in shares of Paysafe by 2.4% in the 2nd quarter. Creative Planning now owns 22,063 shares of the company’s stock worth $390,000 after purchasing an additional 508 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in Paysafe by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 64,840 shares of the company’s stock valued at $1,146,000 after acquiring an additional 821 shares in the last quarter. CWM LLC raised its stake in Paysafe by 596.7% during the 2nd quarter. CWM LLC now owns 1,470 shares of the company’s stock valued at $26,000 after acquiring an additional 1,259 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Paysafe by 2,613.0% during the 2nd 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 in the last quarter. Finally, Rhumbline Advisers raised its stake in Paysafe by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 55,108 shares of the company’s stock valued at $974,000 after acquiring an additional 2,226 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

Wall Street Analysts Forecast Growth

PSFE has been the topic of several research analyst reports. UBS Group lifted their price target on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research report on Wednesday, August 14th. Susquehanna restated a “neutral” rating and issued a $23.00 target price on shares of Paysafe in a report on Tuesday, October 15th. Bank of America lifted their target price on Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, August 27th. Finally, Royal Bank of Canada lifted their target price on Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Paysafe has an average rating of “Hold” and a consensus target price of $19.00.

Paysafe Stock Performance

Shares of PSFE stock opened at $22.74 on Friday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -103.36, a P/E/G ratio of 0.55 and a beta of 1.92. Paysafe Limited has a 1-year low of $9.25 and a 1-year high of $23.50. 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 stock’s fifty day simple moving average is $21.83 and its 200-day simple moving average is $19.09.

Paysafe (NYSE:PSFE) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). The firm had revenue of $439.92 million for the quarter, compared to analyst estimates of $428.40 million. Paysafe had a negative net margin of 0.78% and a positive return on equity of 14.42%. On average, sell-side analysts predict that Paysafe Limited will post 1.92 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.