Harvest Fund Management Co. Ltd Invests $176,000 in Paysafe Limited (NYSE:PSFE)

Harvest Fund Management Co. Ltd bought a new stake in Paysafe Limited (NYSE:PSFE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,842 shares of the company’s stock, valued at approximately $176,000.

A number of other large investors also recently made changes to their positions in the company. CWM LLC increased its position in Paysafe by 596.7% during the 2nd quarter. CWM LLC now owns 1,470 shares of the company’s stock worth $26,000 after buying an additional 1,259 shares during the period. Nisa Investment Advisors LLC raised its stake in Paysafe by 2,613.0% in 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 in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in Paysafe in the 2nd quarter valued at about $222,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Paysafe during the 3rd quarter worth approximately $225,000. Finally, SG Americas Securities LLC increased its holdings in shares of Paysafe by 107.7% during the third quarter. SG Americas Securities LLC now owns 13,149 shares of the company’s stock worth $295,000 after purchasing an additional 6,817 shares during the period. Institutional investors own 54.39% of the company’s stock.

Paysafe Price Performance

Shares of PSFE stock opened at $19.78 on Thursday. The business has a fifty day simple moving average of $21.38 and a 200 day simple moving average of $20.20. The company has a market cap of $1.20 billion, a P/E ratio of -52.05, a P/E/G ratio of 0.47 and a beta of 1.91. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76. Paysafe Limited has a twelve month low of $10.05 and a twelve month high of $26.25.

Analyst Ratings Changes

Several equities research analysts recently issued reports on PSFE shares. Bank of America boosted their price target on Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, August 27th. Royal Bank of Canada cut their target price on Paysafe from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Thursday, November 14th. Susquehanna decreased their price target on Paysafe from $23.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, November 14th. Finally, UBS Group upped their price objective on shares of Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a research report on Wednesday, August 14th. Two 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. Based on data from MarketBeat.com, Paysafe has an average rating of “Hold” and a consensus target price of $18.00.

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.