34,076 Shares in Paysafe Limited (NYSE:PSFE) Bought by Principal Financial Group Inc.

Principal Financial Group Inc. bought a new stake in Paysafe Limited (NYSE:PSFE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 34,076 shares of the company’s stock, valued at approximately $764,000. Principal Financial Group Inc. owned about 0.06% of Paysafe at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in shares of Paysafe by 596.7% during the 2nd 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 grew 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 worth $37,000 after buying an additional 2,012 shares during the period. State of New Jersey Common Pension Fund D acquired a new stake in shares of Paysafe in the second quarter worth $222,000. SG Americas Securities LLC raised its stake in shares of Paysafe by 107.7% in the 3rd 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 period. Finally, Sei Investments Co. acquired a new position in shares of Paysafe during the 2nd quarter valued at $325,000. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Paysafe Price Performance

Shares of NYSE PSFE opened at $17.58 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76. Paysafe Limited has a fifty-two week low of $10.05 and a fifty-two week high of $26.25. The business has a 50 day moving average price of $21.55 and a two-hundred day moving average price of $20.12. The firm has a market cap of $1.07 billion, a PE ratio of -46.26, a price-to-earnings-growth ratio of 0.44 and a beta of 1.91.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports 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 raised their target price on Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a report on Tuesday, August 27th. Royal Bank of Canada decreased their price target on Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. Finally, UBS Group lifted their price objective on shares of Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research note on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Paysafe presently has a consensus rating of “Hold” and an average price target of $18.00.

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.