Royal Bank of Canada Issues Pessimistic Forecast for Paysafe (NYSE:PSFE) Stock Price

Paysafe (NYSE:PSFE) had its target price trimmed by Royal Bank of Canada from $25.00 to $21.00 in a research report sent to investors on Thursday morning,Benzinga reports. The brokerage currently has a sector perform rating on the stock.

A number of other research analysts have also weighed in on the stock. Susquehanna decreased their target price on shares of Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a research note on Thursday. UBS Group upped their target price on shares of Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a report on Wednesday, August 14th. Finally, Bank of America raised their price objective on shares of Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $18.00.

Paysafe Stock Performance

Shares of PSFE opened at $17.67 on Thursday. Paysafe has a 12 month low of $10.05 and a 12 month high of $26.25. The stock has a fifty day moving average price of $22.03 and a 200-day moving average price of $20.03. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.83. The firm has a market cap of $1.07 billion, a PE ratio of -46.50, a P/E/G ratio of 0.48 and a beta of 1.91.

Institutional Investors Weigh In On Paysafe

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its holdings in Paysafe by 24.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company’s stock valued at $28,876,000 after purchasing an additional 324,207 shares in the last quarter. State Street Corp boosted its holdings in Paysafe by 1.5% during the third quarter. State Street Corp now owns 1,427,043 shares of the company’s stock valued at $32,009,000 after purchasing an additional 20,418 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Paysafe by 39.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company’s stock worth $4,781,000 after acquiring an additional 85,170 shares in the last quarter. Foundry Partners LLC acquired a new position in shares of Paysafe in the 3rd quarter worth approximately $5,450,000. Finally, Empowered Funds LLC lifted its holdings in Paysafe by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 238,448 shares of the company’s stock worth $5,348,000 after buying an additional 12,060 shares in the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

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.