AQR Capital Management LLC Has $1.52 Million Stake in Paysafe Limited (NYSE:PSFE)

AQR Capital Management LLC lifted its position in shares of Paysafe Limited (NYSE:PSFE) by 42.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,605 shares of the company’s stock after buying an additional 25,953 shares during the period. AQR Capital Management LLC owned about 0.14% of Paysafe worth $1,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of PSFE. Cannae Holdings Inc. raised its stake in Paysafe by 92.9% in the first quarter. Cannae Holdings Inc. now owns 3,379,887 shares of the company’s stock valued at $53,368,000 after buying an additional 1,628,183 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Paysafe by 24.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock worth $28,876,000 after purchasing an additional 324,207 shares during the period. Jacobs Levy Equity Management Inc. grew its position in Paysafe by 39.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company’s stock worth $4,781,000 after buying an additional 85,170 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Paysafe during the second quarter worth approximately $3,702,000. Finally, Renaissance Technologies LLC grew its position in Paysafe by 31.8% during the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company’s stock worth $3,612,000 after buying an additional 49,300 shares in the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PSFE has been the subject of a number of research reports. UBS Group increased their price target on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research note on Wednesday, August 14th. Susquehanna raised their target price on Paysafe from $16.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, August 15th. Bank of America raised their target price on Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, August 27th. Finally, Royal Bank of Canada lifted their price target on Paysafe from $20.00 to $25.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.00.

Paysafe Trading Down 1.3 %

Shares of PSFE stock opened at $21.25 on Friday. The company’s fifty day simple moving average is $21.42 and its two-hundred day simple moving average is $18.77. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.15 and a quick ratio of 1.15. Paysafe Limited has a 1 year low of $9.25 and a 1 year high of $23.50. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -96.59, a PEG ratio of 0.57 and a beta of 1.92.

Paysafe (NYSE:PSFE) last issued its earnings results on Tuesday, August 13th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). The business had revenue of $439.92 million for the quarter, compared to the consensus estimate of $428.40 million. Paysafe had a negative net margin of 0.78% and a positive return on equity of 14.42%. As a group, analysts anticipate that Paysafe Limited will post 1.92 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.