Paysafe Limited (NYSE:PSFE) Receives $22.01 Consensus Target Price from Analysts

Paysafe Limited (NYSE:PSFE) has earned an average rating of “Reduce” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $22.01.

A number of equities research analysts have issued reports on PSFE shares. UBS Group boosted their price target on Paysafe from $11.00 to $16.50 and gave the company a “sell” rating in a research note on Wednesday, May 15th. Royal Bank of Canada upped their target price on shares of Paysafe from $16.00 to $20.00 and gave the company a “sector perform” rating in a report on Tuesday, May 14th. Bank of America lifted their price target on shares of Paysafe from $13.40 to $14.60 and gave the stock an “underperform” rating in a research note on Monday, April 15th. Finally, Susquehanna upped their price objective on Paysafe from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th.

Paysafe Stock Up 0.1 %

Shares of Paysafe stock opened at $17.55 on Tuesday. Paysafe has a twelve month low of $9.25 and a twelve month high of $19.83. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.80. The company’s 50 day moving average is $16.56 and its 200 day moving average is $14.60. The company has a market cap of $1.07 billion, a price-to-earnings ratio of -79.77, a price-to-earnings-growth ratio of 0.44 and a beta of 1.92.

Paysafe (NYSE:PSFE) last released its quarterly earnings results on Monday, May 13th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.04. Paysafe had a positive return on equity of 15.26% and a negative net margin of 0.82%. The firm had revenue of $417.74 million for the quarter, compared to analysts’ expectations of $407.60 million. Research analysts anticipate that Paysafe will post 2.12 EPS for the current year.

Institutional Trading of Paysafe

Several institutional investors and hedge funds have recently modified their holdings of the company. Jump Financial LLC purchased a new stake in Paysafe in the 3rd quarter worth $361,000. Janney Montgomery Scott LLC bought a new stake in Paysafe during the 3rd quarter valued at approximately $717,000. Dark Forest Capital Management LP purchased a new position in Paysafe in the 3rd quarter worth approximately $311,000. Ancora Advisors LLC bought a new position in Paysafe in the 3rd quarter worth approximately $2,928,000. Finally, Corton Capital Inc. grew its holdings in Paysafe by 27.7% during the 3rd quarter. Corton Capital Inc. now owns 17,043 shares of the company’s stock valued at $204,000 after buying an additional 3,692 shares in the last quarter. 54.39% of the stock is currently owned by institutional investors.

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.