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

Foundry Partners LLC bought a new stake in Paysafe Limited (NYSE:PSFE - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 242,988 shares of the company's stock, valued at approximately $5,450,000. Foundry Partners LLC owned approximately 0.40% of Paysafe as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Paysafe by 24.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company's stock valued at $28,876,000 after acquiring an additional 324,207 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Paysafe by 39.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company's stock worth $4,781,000 after purchasing an additional 85,170 shares during the last quarter. Empowered Funds LLC increased its position in shares of Paysafe by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 238,448 shares of the company's stock worth $5,348,000 after purchasing an additional 12,060 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Paysafe in the 2nd quarter valued at about $3,702,000. Finally, Renaissance Technologies LLC lifted its position in Paysafe by 31.8% in the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company's stock valued at $3,612,000 after buying an additional 49,300 shares during the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PSFE. Susquehanna decreased their price objective on shares of Paysafe from $23.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, November 14th. Royal Bank of Canada dropped their price objective on Paysafe from $25.00 to $21.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. UBS Group increased their target price on Paysafe from $16.50 to $17.00 and gave the stock a "sell" rating in a research note on Wednesday, August 14th. Finally, Bank of America boosted their price target on shares of Paysafe from $16.20 to $19.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Paysafe has an average rating of "Hold" and a consensus target price of $18.00.

Paysafe Stock Up 0.5 %

Shares of Paysafe stock traded up $0.08 on Friday, reaching $17.58. 716,061 shares of the company were exchanged, compared to its average volume of 356,429. The stock's 50 day moving average price is $21.55 and its 200-day moving average price is $20.08. The company has a market cap of $1.07 billion, a P/E ratio of -46.26, a price-to-earnings-growth ratio of 0.44 and a beta of 1.91. Paysafe Limited has a 1-year low of $10.05 and a 1-year high of $26.25. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14.

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.