Foundry Partners LLC Grows Stake in Paysafe Limited (NYSE:PSFE)

Foundry Partners LLC boosted its stake in Paysafe Limited (NYSE:PSFE - Free Report) by 39.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 339,696 shares of the company's stock after purchasing an additional 96,708 shares during the period. Foundry Partners LLC owned about 0.56% of Paysafe worth $5,809,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Private Management Group Inc. bought a new stake in Paysafe during the 4th quarter valued at $8,489,000. Raymond James Financial Inc. bought a new stake in shares of Paysafe in the fourth quarter worth about $1,944,000. ExodusPoint Capital Management LP bought a new position in Paysafe during the 4th quarter valued at approximately $1,792,000. Arrowstreet Capital Limited Partnership lifted its holdings in Paysafe by 15.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 694,079 shares of the company's stock worth $11,869,000 after buying an additional 91,592 shares during the period. Finally, Palogic Value Management L.P. bought a new stake in shares of Paysafe in the 4th quarter worth approximately $1,104,000. Institutional investors own 54.39% of the company's stock.

Analyst Upgrades and Downgrades

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

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Paysafe Trading Down 6.9 %

PSFE traded down $1.06 during trading on Thursday, hitting $14.34. 211,319 shares of the stock were exchanged, compared to its average volume of 328,905. Paysafe Limited has a 1 year low of $13.01 and a 1 year high of $26.25. The firm has a market cap of $871.36 million, a price-to-earnings ratio of -37.99, a P/E/G ratio of 0.48 and a beta of 1.91. The firm has a 50 day simple moving average of $17.60 and a 200 day simple moving average of $19.02. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14.

Paysafe (NYSE:PSFE - Get Free Report) last issued its quarterly earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.17). The business had revenue of $420.07 million for the quarter, compared to analyst estimates of $437.40 million. Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. As a group, equities analysts expect that Paysafe Limited will post 1.87 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.