Paysafe Limited (NYSE:PSFE) Receives Consensus Recommendation of "Reduce" from Brokerages

Shares of Paysafe Limited (NYSE:PSFE - Get Free Report) have received a consensus recommendation of "Reduce" from the six analysts 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 issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $19.00.

PSFE has been the subject of several research analyst reports. Bank of America increased their price objective on Paysafe from $16.20 to $19.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 27th. Susquehanna lifted 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. UBS Group upped their target price on Paysafe from $16.50 to $17.00 and gave the stock a "sell" rating in a research report on Wednesday, August 14th. Finally, Royal Bank of Canada boosted their price target on Paysafe from $20.00 to $25.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 14th.

Hedge Funds Weigh In On Paysafe

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cannae Holdings Inc. boosted its position in shares of Paysafe by 92.9% during the 1st quarter. Cannae Holdings Inc. now owns 3,379,887 shares of the company's stock worth $53,368,000 after acquiring an additional 1,628,183 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Paysafe by 24.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company's stock worth $28,876,000 after acquiring an additional 324,207 shares in the last quarter. Acadian Asset Management LLC bought a new stake in shares of Paysafe during the second quarter worth about $3,702,000. Jacobs Levy Equity Management Inc. grew its position in Paysafe by 39.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company's stock worth $4,781,000 after purchasing an additional 85,170 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Paysafe by 31.8% during the 2nd quarter. Renaissance Technologies LLC now owns 204,287 shares of the company's stock valued at $3,612,000 after acquiring an additional 49,300 shares during the period. 54.39% of the stock is owned by institutional investors and hedge funds.

Paysafe Stock Performance

Shares of PSFE traded up $0.21 during mid-day trading on Monday, hitting $21.98. The stock had a trading volume of 211,149 shares, compared to its average volume of 348,844. The company has a market cap of $1.34 billion, a PE ratio of -99.91, a PEG ratio of 0.55 and a beta of 1.92. The company's fifty day simple moving average is $21.54 and its two-hundred day simple moving average is $18.91. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.83. Paysafe has a fifty-two week low of $9.25 and a fifty-two week high of $23.50.

Paysafe (NYSE:PSFE - Get Free Report) last announced 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 negative net margin of 0.78% and a positive return on equity of 14.42%. The business had revenue of $439.92 million for the quarter, compared to the consensus estimate of $428.40 million. On average, equities analysts expect that Paysafe will post 1.92 earnings per share for the current 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.