Paysafe Limited (NYSE:PSFE) Given Consensus Recommendation of "Reduce" by Brokerages

Paysafe Limited (NYSE:PSFE - Get Free Report) has received a consensus rating of "Reduce" from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $19.00.

PSFE has been the topic of several research analyst reports. UBS Group boosted their target price on shares of Paysafe from $16.50 to $17.00 and gave the stock a "sell" rating in a research report on Wednesday, August 14th. Bank of America boosted their target price on shares of Paysafe from $16.20 to $19.00 and gave the stock an "underperform" rating in a research report on Tuesday, August 27th. Susquehanna upped their price objective on shares of Paysafe from $16.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday, August 15th. Finally, Royal Bank of Canada upped their price objective 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.

Institutional Trading of Paysafe

Hedge funds have recently added to or reduced their stakes in the company. Gabelli Funds LLC boosted its holdings in Paysafe by 32.6% during the first quarter. Gabelli Funds LLC now owns 152,500 shares of the company's stock worth $2,408,000 after buying an additional 37,500 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Paysafe by 14.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 94,289 shares of the company's stock worth $1,544,000 after buying an additional 11,707 shares in the last quarter. CastleKnight Management LP boosted its holdings in Paysafe by 631.6% during the fourth quarter. CastleKnight Management LP now owns 112,241 shares of the company's stock worth $1,436,000 after buying an additional 96,900 shares in the last quarter. Jump Financial LLC boosted its holdings in Paysafe by 26.0% during the fourth quarter. Jump Financial LLC now owns 37,900 shares of the company's stock worth $485,000 after buying an additional 7,817 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Paysafe by 39.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company's stock worth $4,781,000 after buying an additional 85,170 shares in the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.

Paysafe Stock Performance

NYSE:PSFE traded up $0.02 during trading hours on Thursday, hitting $22.56. 162,156 shares of the company were exchanged, compared to its average volume of 365,783. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -102.55, a PEG ratio of 0.56 and a beta of 1.92. Paysafe has a 52-week low of $9.25 and a 52-week high of $23.50. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.15 and a quick ratio of 1.15. The company's 50 day moving average price is $21.00 and its 200-day moving average price is $17.89.

Paysafe (NYSE:PSFE - Get Free Report) last released 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). The company had revenue of $439.92 million for the quarter, compared to analysts' expectations of $428.40 million. Paysafe had a positive return on equity of 14.42% and a negative net margin of 0.78%. As a group, research analysts forecast that Paysafe will post 1.92 earnings per share for the current year.

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.