Rhumbline Advisers Sells 1,300 Shares of Paysafe Limited (NYSE:PSFE)

Rhumbline Advisers lowered its position in Paysafe Limited (NYSE:PSFE) by 2.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,490 shares of the company’s stock after selling 1,300 shares during the quarter. Rhumbline Advisers owned about 0.08% of Paysafe worth $881,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PSFE. Principal Financial Group Inc. bought a new stake in shares of Paysafe during the 3rd quarter worth approximately $764,000. Oppenheimer Asset Management Inc. purchased a new stake in Paysafe in the third quarter worth $225,000. Empowered Funds LLC lifted its position in shares of Paysafe by 5.3% during the third quarter. Empowered Funds LLC now owns 238,448 shares of the company’s stock worth $5,348,000 after purchasing an additional 12,060 shares during the last quarter. Foundry Partners LLC purchased a new stake in shares of Paysafe during the third quarter valued at $5,450,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of Paysafe during the third quarter valued at $176,000. Institutional investors own 54.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PSFE. Royal Bank of Canada decreased their price objective on shares of Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a report on Thursday, November 14th. UBS Group raised their target price on shares of Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research report on Wednesday, February 12th. Finally, Susquehanna lowered their price target on Paysafe from $21.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday.

Paysafe Stock Down 3.3 %

NYSE:PSFE opened at $15.69 on Friday. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. Paysafe Limited has a 1-year low of $11.94 and a 1-year high of $26.25. The company has a 50-day moving average of $18.70 and a 200 day moving average of $20.13. The firm has a market cap of $953.22 million, a PE ratio of -41.28, a price-to-earnings-growth ratio of 0.48 and a beta of 1.87.

Paysafe (NYSE:PSFE) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.17). The business had revenue of $420.07 million during the quarter, compared to analysts’ expectations of $437.40 million. Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. As a group, research analysts anticipate that Paysafe Limited will post 1.87 EPS 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.