Renaissance Technologies LLC Acquires 49,300 Shares of Paysafe Limited (NYSE:PSFE)

Renaissance Technologies LLC raised its position in shares of Paysafe Limited (NYSE:PSFE - Free Report) by 31.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 204,287 shares of the company's stock after purchasing an additional 49,300 shares during the period. Renaissance Technologies LLC owned approximately 0.34% of Paysafe worth $3,612,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in PSFE. Cannae Holdings Inc. lifted its stake in Paysafe by 92.9% in the first quarter. Cannae Holdings Inc. now owns 3,379,887 shares of the company's stock worth $53,368,000 after purchasing an additional 1,628,183 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Paysafe by 24.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company's stock valued at $28,876,000 after acquiring an additional 324,207 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in Paysafe by 39.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company's stock valued at $4,781,000 after acquiring an additional 85,170 shares during the period. Acadian Asset Management LLC bought a new position in Paysafe during the 2nd quarter worth approximately $3,702,000. Finally, Russell Investments Group Ltd. increased its stake in Paysafe by 14.3% in the 1st quarter. Russell Investments Group Ltd. now owns 186,811 shares of the company's stock worth $2,950,000 after purchasing an additional 23,353 shares during the period. Institutional investors own 54.39% of the company's stock.

Paysafe Trading Down 0.0 %

Shares of PSFE traded down $0.01 during trading hours on Monday, reaching $22.34. 100,874 shares of the company traded hands, compared to its average volume of 358,660. Paysafe Limited has a 12 month low of $9.25 and a 12 month high of $23.50. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.83. The company's fifty day moving average price is $21.31 and its two-hundred day moving average price is $18.37. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -101.59, a price-to-earnings-growth ratio of 0.57 and a beta of 1.92.

Paysafe (NYSE:PSFE - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $439.92 million for the quarter, compared to the consensus estimate of $428.40 million. Equities research analysts predict that Paysafe Limited will post 1.92 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. UBS Group raised their target price on shares of Paysafe from $16.50 to $17.00 and gave the stock a "sell" rating in a report on Wednesday, August 14th. Susquehanna raised their price target on shares of Paysafe from $16.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, August 15th. Royal Bank of Canada increased their target price on shares of Paysafe from $20.00 to $25.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 14th. Finally, Bank of America boosted their price target on Paysafe from $16.20 to $19.00 and gave the company an "underperform" rating in a report on Tuesday, August 27th. Two investment 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. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $19.00.

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.