Paysafe’s (PSFE) “Neutral” Rating Reiterated at Susquehanna

Paysafe (NYSE:PSFE)‘s stock had its “neutral” rating reissued by research analysts at Susquehanna in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $23.00 price target on the stock. Susquehanna’s price target would suggest a potential downside of 1.20% from the stock’s previous close.

PSFE has been the topic of a number of other research reports. Royal Bank of Canada boosted their price objective on Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Wednesday, August 14th. Bank of America boosted their price objective on Paysafe from $16.20 to $19.00 and gave the stock an “underperform” rating in a research note on Tuesday, August 27th. Finally, UBS Group boosted their price objective on Paysafe from $16.50 to $17.00 and gave the stock a “sell” rating in a research note on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $19.00.

Paysafe Price Performance

Shares of Paysafe stock opened at $23.28 on Tuesday. Paysafe has a twelve month low of $9.25 and a twelve month high of $23.50. The stock has a market capitalization of $1.42 billion, a P/E ratio of -105.82, a PEG ratio of 0.55 and a beta of 1.92. 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 business’s fifty day moving average price is $21.70 and its 200 day moving average price is $18.99.

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

Hedge Funds Weigh In On Paysafe

Institutional investors have recently made changes to their positions in the stock. Gabelli Funds LLC grew its holdings in shares of Paysafe by 32.6% during the first quarter. Gabelli Funds LLC now owns 152,500 shares of the company’s stock valued at $2,408,000 after purchasing an additional 37,500 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Paysafe by 14.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,289 shares of the company’s stock valued at $1,544,000 after purchasing an additional 11,707 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of 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 during the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of Paysafe by 39.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company’s stock valued at $4,781,000 after purchasing an additional 85,170 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Paysafe by 31.8% during the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company’s stock valued at $3,612,000 after purchasing an additional 49,300 shares during the last quarter. 54.39% of the stock is owned by institutional investors.

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.