Acadian Asset Management LLC Takes Position in Paysafe Limited (NYSE:PSFE)

Acadian Asset Management LLC acquired a new stake in shares of Paysafe Limited (NYSE:PSFE - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 209,894 shares of the company's stock, valued at approximately $3,702,000. Acadian Asset Management LLC owned approximately 0.35% of Paysafe as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PSFE. CWM LLC raised its stake in Paysafe by 596.7% during the 2nd quarter. CWM LLC now owns 1,470 shares of the company's stock valued at $26,000 after purchasing an additional 1,259 shares during the period. Nisa Investment Advisors LLC raised its stake in Paysafe by 2,613.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company's stock valued at $37,000 after purchasing an additional 2,012 shares during the period. New York State Common Retirement Fund raised its stake in Paysafe by 21.4% during the 4th quarter. New York State Common Retirement Fund now owns 17,106 shares of the company's stock valued at $219,000 after purchasing an additional 3,016 shares during the period. Gamco Investors INC. ET AL raised its stake in Paysafe by 16.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 20,650 shares of the company's stock valued at $326,000 after purchasing an additional 2,950 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Paysafe during the 4th quarter valued at approximately $366,000. 54.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PSFE. Royal Bank of Canada lifted their price objective on Paysafe from $20.00 to $25.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 14th. UBS Group lifted their price objective on Paysafe from $16.50 to $17.00 and gave the stock a "sell" rating in a research note on Wednesday, August 14th. Susquehanna lifted their price objective on Paysafe from $16.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, August 15th. Finally, Bank of America lifted 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. Two research 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. Based on data from MarketBeat.com, Paysafe currently has a consensus rating of "Hold" and a consensus price target of $19.00.

Paysafe Stock Up 1.2 %

Shares of PSFE stock traded up $0.27 during mid-day trading on Friday, hitting $22.67. The stock had a trading volume of 209,161 shares, compared to its average volume of 370,252. The firm has a market capitalization of $1.38 billion, a P/E ratio of -103.02, a price-to-earnings-growth ratio of 0.56 and a beta of 1.92. 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 Limited has a 12-month low of $9.25 and a 12-month high of $23.24. The firm's 50-day moving average is $20.70 and its two-hundred day moving average is $17.70.

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