ExodusPoint Capital Management LP Invests $1.79 Million in Paysafe Limited (NYSE:PSFE)

ExodusPoint Capital Management LP bought a new position in shares of Paysafe Limited (NYSE:PSFE - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 104,800 shares of the company's stock, valued at approximately $1,792,000. ExodusPoint Capital Management LP owned about 0.17% of Paysafe as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Spire Wealth Management purchased a new position in Paysafe during the fourth quarter worth about $26,000. Bfsg LLC purchased a new stake in Paysafe in the fourth quarter valued at approximately $78,000. Quantbot Technologies LP purchased a new position in Paysafe during the fourth quarter worth approximately $169,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Paysafe by 25.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,078 shares of the company's stock valued at $194,000 after purchasing an additional 2,215 shares during the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Paysafe by 5.7% during the 4th quarter. SG Americas Securities LLC now owns 13,903 shares of the company's stock worth $238,000 after buying an additional 754 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PSFE. Susquehanna dropped their price target on Paysafe from $21.00 to $17.00 and set a "neutral" rating for the company in a research note on Wednesday, March 5th. Bank of America cut their price target on shares of Paysafe from $18.00 to $16.00 and set an "underperform" rating on the stock in a report on Monday, March 10th. Finally, UBS Group upped their target price on shares of Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a research note on Wednesday, February 12th.

Paysafe Stock Performance

PSFE stock traded up $0.28 during trading on Monday, reaching $14.92. 33,997 shares of the company's stock were exchanged, compared to its average volume of 328,826. The firm has a market cap of $906.73 million, a PE ratio of -39.26, a P/E/G ratio of 0.48 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 1-year low of $13.01 and a 1-year high of $26.25. The company's fifty day moving average price is $17.40 and its 200-day moving average price is $18.89.

Paysafe (NYSE:PSFE - Get Free Report) last released its earnings results on Thursday, March 6th. The company reported $0.43 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.17). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The company had revenue of $420.07 million for the quarter, compared to analyst estimates of $437.40 million. On average, research analysts expect that Paysafe Limited will post 1.87 EPS for the current fiscal year.

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.