Los Angeles Capital Management LLC Trims Stock Position in Paysafe Limited (NYSE:PSFE)

Los Angeles Capital Management LLC cut its holdings in Paysafe Limited (NYSE:PSFE - Free Report) by 47.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,644 shares of the company's stock after selling 24,868 shares during the quarter. Los Angeles Capital Management LLC's holdings in Paysafe were worth $473,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in PSFE. Spire Wealth Management purchased a new position in shares of Paysafe in the 4th quarter worth approximately $26,000. Bfsg LLC purchased a new stake in Paysafe in the fourth quarter valued at about $78,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Paysafe during the third quarter worth about $176,000. Oppenheimer Asset Management Inc. acquired a new stake in Paysafe during the 3rd quarter worth about $225,000. Finally, Verition Fund Management LLC acquired a new position in Paysafe in the third quarter valued at approximately $254,000. Hedge funds and other institutional investors own 54.39% of the company's stock.

Paysafe Stock Up 1.7 %

Shares of PSFE stock traded up $0.26 during trading on Friday, reaching $15.94. The company's stock had a trading volume of 229,985 shares, compared to its average volume of 364,804. The company has a market capitalization of $968.66 million, a price-to-earnings ratio of -41.84, a P/E/G ratio of 0.48 and a beta of 1.87. Paysafe Limited has a 1-year low of $12.02 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. The stock's 50-day moving average price is $18.70 and its 200 day moving average price is $20.13.

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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). The firm had revenue of $420.07 million during 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%. On average, research analysts anticipate that Paysafe Limited will post 1.87 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PSFE shares. Royal Bank of Canada dropped their target price on shares of Paysafe from $25.00 to $21.00 and set a "sector perform" rating for the company in a report on Thursday, November 14th. Susquehanna dropped their price objective on shares of Paysafe from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday. Finally, UBS Group boosted their target price on shares of Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a report on Wednesday, February 12th.

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.