Paysafe (NYSE:PSFE) Hits New 52-Week High at $22.64

Paysafe Limited (NYSE:PSFE - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $22.64 and last traded at $22.43, with a volume of 126095 shares. The stock had previously closed at $21.98.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group boosted their price objective on Paysafe from $16.50 to $17.00 and gave the company a "sell" rating in a research note on Wednesday, August 14th. Royal Bank of Canada boosted their target price on shares of Paysafe from $20.00 to $25.00 and gave the company a "sector perform" rating in a report on Wednesday, August 14th. Susquehanna boosted their price target on Paysafe from $16.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, August 15th. Finally, Bank of America raised their price target on shares of Paysafe from $16.20 to $19.00 and gave the company an "underperform" rating in a research report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $19.00.

Paysafe Stock Up 1.9 %

The company has a market capitalization of $1.36 billion, a PE ratio of -99.91, a price-to-earnings-growth ratio of 0.55 and a beta of 1.91. The company's fifty day moving average is $20.51 and its 200-day moving average is $17.60. The company has a debt-to-equity ratio of 2.83, a quick ratio of 1.15 and a current ratio of 1.15.

Paysafe (NYSE:PSFE - Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.07). Paysafe had a positive return on equity of 14.42% and a negative net margin of 0.78%. The firm had revenue of $439.92 million during the quarter, compared to the consensus estimate of $428.40 million. As a group, analysts predict that Paysafe Limited will post 1.92 EPS for the current fiscal year.

Institutional Trading of Paysafe

Hedge funds have recently modified their holdings of the company. Creative Planning grew its stake in shares of Paysafe by 2.4% in the 2nd quarter. Creative Planning now owns 22,063 shares of the company's stock worth $390,000 after buying an additional 508 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in Paysafe by 1.3% in the second quarter. SummerHaven Investment Management LLC now owns 64,840 shares of the company's stock worth $1,146,000 after purchasing an additional 821 shares during the last quarter. CWM LLC boosted its position in shares of Paysafe by 596.7% during the second quarter. CWM LLC now owns 1,470 shares of the company's stock valued at $26,000 after buying an additional 1,259 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Paysafe by 2,613.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company's stock valued at $37,000 after buying an additional 2,012 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Paysafe by 4.2% in the second quarter. Rhumbline Advisers now owns 55,108 shares of the company's stock worth $974,000 after buying an additional 2,226 shares during the period. 54.39% of the stock is owned by hedge funds and other institutional investors.

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.

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