Paysafe (NYSE:PSFE) Given New $16.00 Price Target at Bank of America

Paysafe (NYSE:PSFE) had its price objective decreased by Bank of America from $18.00 to $16.00 in a research note published on Monday morning,Benzinga reports. Bank of America currently has an underperform rating on the stock.

PSFE has been the subject of a number of other reports. Royal Bank of Canada reduced their price target 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 boosted their price target on Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a research note on Wednesday, February 12th. Finally, Susquehanna lowered their price target on shares of Paysafe from $21.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, March 5th.

Paysafe Stock Performance

Shares of PSFE opened at $14.45 on Monday. The stock has a market capitalization of $877.87 million, a P/E ratio of -38.01, a P/E/G ratio of 0.48 and a beta of 1.87. Paysafe has a 12-month low of $12.02 and a 12-month high of $26.25. 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’s 50 day moving average is $18.62 and its 200-day moving average is $20.03.

Paysafe (NYSE:PSFE) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.17). Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. The firm had revenue of $420.07 million during the quarter, compared to analyst estimates of $437.40 million. Equities research analysts anticipate that Paysafe will post 1.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Paysafe

A number of large investors have recently added to or reduced their stakes in PSFE. Topline Capital Management LLC acquired a new stake in shares of Paysafe in the 4th quarter valued at approximately $34,481,000. Private Management Group Inc. acquired a new stake in shares of Paysafe in the 4th quarter valued at $8,489,000. Foundry Partners LLC bought a new stake in shares of Paysafe during the 3rd quarter valued at approximately $5,450,000. Raymond James Financial Inc. bought a new stake in Paysafe during the 4th quarter worth $1,944,000. Finally, ExodusPoint Capital Management LP bought a new stake in shares of Paysafe during the fourth quarter worth about $1,792,000. Institutional investors own 54.39% of the company’s stock.

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.