Paysafe Limited (NYSE:PSFE) Stake Boosted by Barclays PLC

Barclays PLC raised its position in shares of Paysafe Limited (NYSE:PSFE) by 273.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,167 shares of the company’s stock after buying an additional 30,881 shares during the quarter. Barclays PLC owned 0.07% of Paysafe worth $946,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new stake in shares of Paysafe during the third quarter valued at approximately $1,105,000. State Street Corp grew its position in Paysafe by 1.5% during the 3rd quarter. State Street Corp now owns 1,427,043 shares of the company’s stock worth $32,009,000 after purchasing an additional 20,418 shares in the last quarter. Verition Fund Management LLC acquired a new stake in Paysafe during the 3rd quarter valued at $254,000. Martingale Asset Management L P lifted its holdings in shares of Paysafe by 61.5% in the third quarter. Martingale Asset Management L P now owns 36,269 shares of the company’s stock valued at $814,000 after purchasing an additional 13,806 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Paysafe in the third quarter worth $176,000. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PSFE has been the topic of several recent analyst reports. Royal Bank of Canada dropped their price target on Paysafe from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 14th. Susquehanna dropped their target price on Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.40.

Paysafe Stock Performance

Shares of PSFE stock opened at $17.57 on Wednesday. Paysafe Limited has a fifty-two week low of $11.94 and a fifty-two week high of $26.25. The stock’s 50-day moving average is $18.75 and its two-hundred day moving average is $20.25. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $1.07 billion, a P/E ratio of -46.24, a PEG ratio of 0.61 and a beta of 1.88.

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.