Quantbot Technologies LP Takes Position in Paysafe Limited (NYSE:PSFE)

Quantbot Technologies LP bought a new position in shares of Paysafe Limited (NYSE:PSFE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,871 shares of the company’s stock, valued at approximately $169,000.

Several other institutional investors also recently modified their holdings of the stock. Palogic Value Management L.P. acquired a new position in Paysafe in the fourth quarter valued at about $1,104,000. Counterpoint Mutual Funds LLC raised its holdings in shares of Paysafe by 83.2% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 23,587 shares of the company’s stock worth $403,000 after acquiring an additional 10,710 shares during the period. Raymond James Financial Inc. bought a new stake in Paysafe in the 4th quarter valued at $1,944,000. Bfsg LLC bought a new position in Paysafe during the 4th quarter worth about $78,000. Finally, Principal Financial Group Inc. grew its holdings in shares of Paysafe by 10.7% during the fourth quarter. Principal Financial Group Inc. now owns 37,727 shares of the company’s stock worth $645,000 after buying an additional 3,651 shares in the last quarter. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Bank of America decreased their target price on shares of Paysafe from $18.00 to $16.00 and set an “underperform” rating for the company in a research report on Monday, March 10th. Susquehanna dropped their price target on shares of Paysafe from $21.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. Finally, UBS Group increased their price target on shares of Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a research note on Wednesday, February 12th.

Paysafe Stock Performance

NYSE PSFE opened at $16.09 on Monday. Paysafe Limited has a 12-month low of $14.06 and a 12-month high of $26.25. The firm has a 50-day moving average price of $18.37 and a two-hundred day moving average price of $19.51. The company has a market capitalization of $978.02 million, a P/E ratio of -42.35, a P/E/G ratio of 0.48 and a beta of 1.87. 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 (NYSE:PSFE) last released its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.17). The company had revenue of $420.07 million for the quarter, compared to the consensus estimate of $437.40 million. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. Analysts anticipate that Paysafe Limited will post 1.87 earnings per share for the current year.

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.