Paysafe (NYSE:PSFE) Sets New 1-Year High – What’s Next?

Shares of Paysafe Limited (NYSE:PSFE) hit a new 52-week high during trading on Friday . The stock traded as high as $23.64 and last traded at $23.52, with a volume of 79069 shares changing hands. The stock had previously closed at $22.98.

Analysts Set New Price Targets

Several research firms recently weighed in on PSFE. Royal Bank of Canada boosted their price target on shares of Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Susquehanna reaffirmed a “neutral” rating and issued a $23.00 target price on shares of Paysafe in a report on Tuesday, October 15th. UBS Group increased their price target on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research report on Wednesday, August 14th. Finally, 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 report on Tuesday, August 27th. Two 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. Based on data from MarketBeat, Paysafe has a consensus rating of “Hold” and an average target price of $19.00.

Paysafe Price Performance

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 is $22.09 and its 200 day moving average is $19.80. The company has a market cap of $1.49 billion, a P/E ratio of -116.42, a PEG ratio of 0.58 and a beta of 1.91.

Paysafe (NYSE:PSFE) last issued its 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). The firm had revenue of $439.92 million during the quarter, compared to the consensus estimate of $428.40 million. Paysafe had a negative net margin of 0.78% and a positive return on equity of 14.42%. As a group, sell-side analysts anticipate that Paysafe Limited will post 1.92 EPS for the current year.

Institutional Trading of Paysafe

A number of institutional investors have recently modified their holdings of the business. CWM LLC raised its holdings in Paysafe by 596.7% during the 2nd 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 period. Nisa Investment Advisors LLC grew its position in shares of 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 in the last quarter. State of New Jersey Common Pension Fund D bought a new stake in shares of Paysafe during the 2nd quarter valued at $222,000. Oppenheimer Asset Management Inc. purchased a new stake in Paysafe during the 3rd quarter worth about $225,000. Finally, SG Americas Securities LLC boosted its stake in Paysafe by 107.7% in the 3rd 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. 54.39% of the stock is currently owned by hedge funds and other 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.