AQR Capital Management LLC Acquires 25,953 Shares of Paysafe Limited (NYSE:PSFE)

AQR Capital Management LLC lifted its stake in shares of Paysafe Limited (NYSE:PSFE - Free Report) by 42.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 87,605 shares of the company's stock after acquiring an additional 25,953 shares during the period. AQR Capital Management LLC owned approximately 0.14% of Paysafe worth $1,524,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in PSFE. Cannae Holdings Inc. lifted its holdings 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Paysafe by 24.8% during the 2nd 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 during the last quarter. Acadian Asset Management LLC bought a new stake in Paysafe in the second quarter worth $3,702,000. Jacobs Levy Equity Management Inc. lifted its stake in Paysafe by 39.1% in 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. Finally, Renaissance Technologies LLC lifted its stake in Paysafe by 31.8% in the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company's stock worth $3,612,000 after purchasing an additional 49,300 shares during the last quarter. 54.39% of the stock is owned by institutional investors.

Paysafe Trading Up 2.5 %

Shares of PSFE stock traded up $0.54 during mid-day trading on Friday, reaching $21.79. The stock had a trading volume of 148,742 shares, compared to its average volume of 349,543. The stock's 50-day moving average price is $21.47 and its two-hundred day moving average price is $18.82. Paysafe Limited has a 52-week low of $9.25 and a 52-week high of $23.50. The firm has a market capitalization of $1.32 billion, a PE ratio of -103.76, a price-to-earnings-growth ratio of 0.55 and a beta of 1.92. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.83.

Paysafe (NYSE:PSFE - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $428.40 million. Equities analysts expect that Paysafe Limited will post 1.92 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on PSFE shares. UBS Group boosted their price target on shares of Paysafe from $16.50 to $17.00 and gave the stock a "sell" rating in a research note on Wednesday, August 14th. Bank of America boosted their price target on shares of Paysafe from $16.20 to $19.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 27th. Royal Bank of Canada boosted their price target on shares of Paysafe from $20.00 to $25.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 14th. Finally, Susquehanna boosted their price target on shares of Paysafe from $16.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, August 15th. Two 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's stock. According to MarketBeat.com, Paysafe currently has an average rating of "Hold" and a consensus price target of $19.00.

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.