Rhumbline Advisers Acquires 2,226 Shares of Paysafe Limited (NYSE:PSFE)

Rhumbline Advisers increased its holdings in shares of Paysafe Limited (NYSE:PSFE) by 4.2% during the second quarter, HoldingsChannel.com reports. The fund owned 55,108 shares of the company’s stock after buying an additional 2,226 shares during the quarter. Rhumbline Advisers’ holdings in Paysafe were worth $974,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. CWM LLC boosted its stake in Paysafe by 596.7% in the second quarter. CWM LLC now owns 1,470 shares of the company’s stock valued at $26,000 after acquiring an additional 1,259 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Paysafe by 2,613.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock valued at $37,000 after purchasing an additional 2,012 shares during the last quarter. Gamco Investors INC. ET AL grew its holdings in Paysafe by 16.7% during the first quarter. Gamco Investors INC. ET AL now owns 20,650 shares of the company’s stock valued at $326,000 after purchasing an additional 2,950 shares during the period. Quadrature Capital Ltd bought a new stake in shares of Paysafe in the fourth quarter valued at $366,000. Finally, SummerHaven Investment Management LLC lifted its position in shares of Paysafe by 1.3% during the 2nd quarter. SummerHaven Investment Management LLC now owns 64,840 shares of the company’s stock valued at $1,146,000 after buying an additional 821 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PSFE. Susquehanna lifted their price objective on Paysafe from $16.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, August 15th. Royal Bank of Canada boosted their price target on shares of Paysafe from $20.00 to $25.00 and gave the company a “sector perform” rating in a research report on Wednesday, August 14th. Bank of America raised their price objective on shares of Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a report on Tuesday, August 27th. Finally, UBS Group boosted 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Paysafe presently has a consensus rating of “Hold” and a consensus target price of $19.00.

Paysafe Stock Down 1.6 %

Shares of Paysafe stock opened at $22.21 on Monday. The company’s fifty day simple moving average is $21.15 and its two-hundred day simple moving average is $18.01. Paysafe Limited has a 12-month low of $9.25 and a 12-month high of $23.50. 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 company has a market cap of $1.35 billion, a P/E ratio of -100.95, a PEG ratio of 0.56 and a beta of 1.92.

Paysafe (NYSE:PSFE) last announced its earnings results on Tuesday, August 13th. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $428.40 million. Research analysts anticipate that Paysafe Limited will post 1.92 EPS for the current year.

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.