SteelPeak Wealth LLC acquired a new stake in Paysafe Limited (NYSE:PSFE - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 24,952 shares of the company's stock, valued at approximately $560,000.
A number of other large investors have also modified their holdings of PSFE. Cannae Holdings Inc. grew its stake in Paysafe by 92.9% in the 1st quarter. Cannae Holdings Inc. now owns 3,379,887 shares of the company's stock valued at $53,368,000 after acquiring an additional 1,628,183 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Paysafe by 24.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company's stock valued at $28,876,000 after purchasing an additional 324,207 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Paysafe during the second quarter worth about $3,702,000. Jacobs Levy Equity Management Inc. raised its position in shares of Paysafe by 39.1% during 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 during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Paysafe by 31.8% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 54.39% of the company's stock.
Paysafe Trading Up 0.5 %
Paysafe stock traded up $0.10 during trading on Friday, reaching $21.34. 165,583 shares of the company were exchanged, compared to its average volume of 336,369. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.15 and a quick ratio of 1.15. The stock's 50 day simple moving average is $22.02 and its two-hundred day simple moving average is $19.43. The company has a market capitalization of $1.30 billion, a P/E ratio of -102.47, a PEG ratio of 0.55 and a beta of 1.92. Paysafe Limited has a 52-week low of $9.73 and a 52-week high of $23.50.
Paysafe (NYSE:PSFE - Get Free Report) last announced its quarterly 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 firm had revenue of $439.92 million for the quarter, compared to analyst estimates of $428.40 million. On average, equities research analysts expect that Paysafe Limited will post 1.92 earnings per share for the current fiscal year.
Analysts Set New Price Targets
PSFE has been the subject of several research reports. UBS Group boosted 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 reiterated a "neutral" rating and set a $23.00 price target on shares of Paysafe in a research report on Tuesday, October 15th. Bank of America raised their price objective on Paysafe from $16.20 to $19.00 and gave the company an "underperform" rating in a report on Tuesday, August 27th. Finally, Royal Bank of Canada lifted their target price 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, Paysafe currently has an average rating of "Hold" and a consensus target price of $19.00.
Check Out Our Latest Stock Report on Paysafe
About Paysafe
(
Free Report)
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.
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