10,033 Shares in Paysafe Limited (NYSE:PSFE) Purchased by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new position in shares of Paysafe Limited (NYSE:PSFE) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,033 shares of the company’s stock, valued at approximately $225,000.

Several other hedge funds also recently made changes to their positions in the business. Principal Financial Group Inc. bought a new stake in Paysafe during the third quarter worth about $764,000. SteelPeak Wealth LLC acquired a new stake in shares of Paysafe during the 3rd quarter worth approximately $560,000. SG Americas Securities LLC increased its stake 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. Creative Planning raised its position 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 purchasing an additional 508 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Paysafe by 42.1% during the second quarter. AQR Capital Management LLC now owns 87,605 shares of the company’s stock worth $1,524,000 after purchasing an additional 25,953 shares during the last quarter. 54.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PSFE. Susquehanna lowered their price target on Paysafe from $23.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. Bank of America upped their price objective on shares of Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 27th. UBS Group raised their price objective on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a report on Wednesday, August 14th. Finally, Royal Bank of Canada dropped their target price on Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Paysafe currently has a consensus rating of “Hold” and a consensus target price of $18.00.

Paysafe Trading Down 2.6 %

Shares of PSFE stock opened at $17.00 on Thursday. The stock has a 50-day moving average of $21.75 and a 200-day moving average of $20.09. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of -44.74, a PEG ratio of 0.44 and a beta of 1.91. Paysafe Limited has a 1-year low of $10.05 and a 1-year high of $26.25.

Paysafe 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.