Brokerages Set Paysafe Limited (NYSE:PSFE) Price Target at $19.00

Shares of Paysafe Limited (NYSE:PSFE) have earned a consensus rating of “Reduce” from the six research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $19.00.

Several equities research analysts have recently commented on PSFE shares. Royal Bank of Canada boosted their price objective on Paysafe from $20.00 to $25.00 and gave the company a “sector perform” rating in a report on Wednesday, August 14th. UBS Group boosted their price objective on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a report on Wednesday, August 14th. Susquehanna reiterated a “neutral” rating and set a $23.00 price target on shares of Paysafe in a report on Tuesday, October 15th. Finally, Bank of America upped their price target on Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, August 27th.

Paysafe Price Performance

Shares of PSFE opened at $22.74 on Monday. Paysafe has a 52-week low of $9.25 and a 52-week high of $23.50. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.15 and a current ratio of 1.15. The business’s 50 day moving average price is $21.83 and its two-hundred day moving average price is $19.10. The firm has a market cap of $1.38 billion, a PE ratio of -103.36, a price-to-earnings-growth ratio of 0.55 and a beta of 1.92.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PSFE. CWM LLC boosted its position in Paysafe by 596.7% in 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 during the last quarter. Nisa Investment Advisors LLC lifted 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 valued at $37,000 after buying an additional 2,012 shares during the last quarter. State of New Jersey Common Pension Fund D purchased a new position in shares of Paysafe during the 2nd quarter valued at $222,000. SG Americas Securities LLC lifted its position in shares of Paysafe by 107.7% during the 3rd quarter. SG Americas Securities LLC now owns 13,149 shares of the company’s stock valued at $295,000 after buying an additional 6,817 shares during the last quarter. Finally, Sei Investments Co. purchased a new position in shares of Paysafe during the 2nd quarter valued at $325,000. Hedge funds and other 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.