Paysafe (NYSE:PSFE) Earns Neutral Rating from Susquehanna

Paysafe (NYSE:PSFE - Get Free Report)'s stock had its "neutral" rating reissued by equities research analysts at Susquehanna in a research report issued to clients and investors on Tuesday, Benzinga reports. They presently have a $23.00 target price on the stock. Susquehanna's price objective suggests a potential upside of 4.31% from the company's current price.

A number of other brokerages also recently commented on PSFE. Royal Bank of Canada boosted their price objective on shares of Paysafe from $20.00 to $25.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 14th. UBS Group boosted their price target on shares of Paysafe from $16.50 to $17.00 and gave the company a "sell" rating in a report on Wednesday, August 14th. Finally, Bank of America increased their price objective on Paysafe from $16.20 to $19.00 and gave the stock an "underperform" rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $19.00.

Paysafe Price Performance

Paysafe stock traded up $0.06 during mid-day trading on Tuesday, hitting $22.05. The company's stock had a trading volume of 152,136 shares, compared to its average volume of 347,855. The stock has a market capitalization of $1.34 billion, a P/E ratio of -100.23, a P/E/G ratio of 0.55 and a beta of 1.92. Paysafe has a twelve month low of $9.25 and a twelve month high of $23.50. The stock's fifty day moving average price is $21.61 and its two-hundred day moving average price is $18.96. 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 (NYSE:PSFE - Get Free Report) last issued its quarterly earnings results on Tuesday, August 13th. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $439.92 million during the quarter, compared to analysts' expectations of $428.40 million. Research analysts forecast that Paysafe will post 1.92 earnings per share for the current year.

Hedge Funds Weigh In On Paysafe

A number of hedge funds have recently modified their holdings of PSFE. Cannae Holdings Inc. boosted its holdings in shares of Paysafe by 92.9% in 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 boosted its stake in Paysafe by 24.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company's stock worth $28,876,000 after purchasing an additional 324,207 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of 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 purchasing an additional 85,170 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Paysafe in the second quarter valued at $3,702,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Paysafe by 31.8% in the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company's stock valued at $3,612,000 after buying an additional 49,300 shares during the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

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.