Paysafe (NYSE:PSFE) Sets New 52-Week High at $21.23

Paysafe Limited (NYSE:PSFE)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $21.23 and last traded at $21.23, with a volume of 102178 shares trading hands. The stock had previously closed at $20.50.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PSFE shares. Susquehanna lifted their price objective on shares of Paysafe from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, May 14th. UBS Group increased their price objective on Paysafe from $11.00 to $16.50 and gave the stock a “sell” rating in a research note on Wednesday, May 15th. Bank of America lifted their target price on Paysafe from $13.40 to $14.60 and gave the company an “underperform” rating in a research report on Monday, April 15th. Finally, Royal Bank of Canada increased their target price on shares of Paysafe from $16.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 14th. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $22.01.

Paysafe Trading Up 3.7 %

The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.80. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -93.18, a PEG ratio of 0.52 and a beta of 1.91. The company has a fifty day moving average price of $18.32 and a 200-day moving average price of $15.81.

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

Institutional Trading of Paysafe

Institutional investors and hedge funds have recently made changes to their positions in the business. SummerHaven Investment Management LLC increased its holdings in Paysafe by 1.6% in the 4th quarter. SummerHaven Investment Management LLC now owns 63,321 shares of the company’s stock worth $810,000 after acquiring an additional 971 shares in the last quarter. CWM LLC increased its stake in shares of Paysafe by 596.7% during the second quarter. CWM LLC now owns 1,470 shares of the company’s stock worth $26,000 after purchasing an additional 1,259 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Paysafe by 2,613.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock worth $37,000 after purchasing an additional 2,012 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in Paysafe by 16.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 20,650 shares of the company’s stock valued at $326,000 after buying an additional 2,950 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Paysafe by 21.4% in the 4th quarter. New York State Common Retirement Fund now owns 17,106 shares of the company’s stock worth $219,000 after buying an additional 3,016 shares during the last quarter. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

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.