Paysafe (NYSE:PSFE) Sets New 12-Month High at $23.50

Paysafe Limited (NYSE:PSFE - Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as $23.50 and last traded at $23.24, with a volume of 87297 shares. The stock had previously closed at $22.82.

Wall Street Analysts Forecast Growth

PSFE has been the subject of a number of analyst reports. UBS Group increased their price objective on shares of Paysafe from $16.50 to $17.00 and gave the stock a "sell" rating in a research note on Wednesday, August 14th. Royal Bank of Canada increased their price target on Paysafe from $20.00 to $25.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 14th. Susquehanna boosted their price objective on Paysafe from $16.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, August 15th. Finally, Bank of America increased their target price on Paysafe from $16.20 to $19.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $19.00.

Paysafe Price Performance

The company has a market cap of $1.38 billion, a P/E ratio of -103.73, a PEG ratio of 0.56 and a beta of 1.92. The firm's 50-day moving average is $20.90 and its two-hundred day moving average is $17.86. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.15 and a quick ratio of 1.15.

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

Hedge Funds Weigh In On Paysafe

Several large investors have recently modified their holdings of the stock. CWM LLC boosted its stake in Paysafe by 596.7% during the second quarter. CWM LLC now owns 1,470 shares of the company's stock worth $26,000 after buying an additional 1,259 shares during the period. Nisa Investment Advisors LLC boosted its position 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 period. State of New Jersey Common Pension Fund D bought a new position in shares of Paysafe during the second quarter valued at approximately $222,000. Sei Investments Co. purchased a new stake in shares of Paysafe in the second quarter worth approximately $325,000. Finally, Gamco Investors INC. ET AL lifted its stake in shares of Paysafe by 16.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 20,650 shares of the company's stock worth $326,000 after acquiring an additional 2,950 shares during the last quarter. Institutional investors own 54.39% of the company's stock.

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.

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