Gabelli Funds LLC Buys 104,213 Shares of Paysafe Limited (NYSE:PSFE)

Gabelli Funds LLC increased its position in Paysafe Limited (NYSE:PSFE - Free Report) by 64.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 266,713 shares of the company's stock after purchasing an additional 104,213 shares during the period. Gabelli Funds LLC owned approximately 0.44% of Paysafe worth $4,561,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Private Management Group Inc. purchased a new stake in Paysafe in the 4th quarter valued at $8,489,000. Raymond James Financial Inc. purchased a new position in shares of Paysafe in the 4th quarter worth about $1,944,000. ExodusPoint Capital Management LP purchased a new position in shares of Paysafe in the 4th quarter worth about $1,792,000. Foundry Partners LLC boosted its holdings in shares of Paysafe by 39.8% in the 4th quarter. Foundry Partners LLC now owns 339,696 shares of the company's stock worth $5,809,000 after buying an additional 96,708 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of 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 last quarter. 54.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have commented on PSFE. UBS Group upped their price objective on shares of Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a report on Wednesday, February 12th. Susquehanna dropped their price objective on shares of Paysafe from $17.00 to $15.00 and set a "neutral" rating on the stock in a report on Tuesday. Finally, Bank of America dropped their price objective 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.

Paysafe Price Performance

Shares of PSFE traded up $0.53 during midday trading on Wednesday, hitting $14.76. 64,490 shares of the company traded hands, compared to its average volume of 371,813. The stock has a 50-day moving average of $16.48 and a 200-day moving average of $18.55. Paysafe Limited has a one year low of $13.01 and a one year high of $26.25. The firm has a market cap of $897.01 million, a P/E ratio of -38.84, a PEG ratio of 0.48 and a beta of 1.91. 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 (NYSE:PSFE - Get Free Report) last announced its quarterly earnings results on Thursday, March 6th. The company reported $0.43 earnings per share 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 the consensus estimate of $437.40 million. As a group, sell-side analysts predict 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.