Brokerages Set Paysafe Limited (NYSE:PSFE) Price Target at $19.00

Shares of Paysafe Limited (NYSE:PSFE - Get Free Report) have earned a consensus recommendation of "Reduce" from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $19.00.

PSFE has been the subject of several analyst reports. Susquehanna reaffirmed a "neutral" rating and set a $23.00 price objective on shares of Paysafe in a research report on Tuesday, October 15th. UBS Group boosted their target price on Paysafe from $16.50 to $17.00 and gave the company a "sell" rating in a report on Wednesday, August 14th. Bank of America raised their price target on Paysafe from $16.20 to $19.00 and gave the stock an "underperform" rating in a research note on Tuesday, August 27th. Finally, Royal Bank of Canada boosted their price objective on Paysafe from $20.00 to $25.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 14th.

Hedge Funds Weigh In On Paysafe

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning raised its holdings in shares of Paysafe by 2.4% in the 2nd quarter. Creative Planning now owns 22,063 shares of the company's stock worth $390,000 after purchasing an additional 508 shares during the period. SummerHaven Investment Management LLC lifted its position in Paysafe by 1.3% during the second quarter. SummerHaven Investment Management LLC now owns 64,840 shares of the company's stock valued at $1,146,000 after buying an additional 821 shares in the last quarter. CWM LLC grew its stake in Paysafe by 596.7% during the second quarter. CWM LLC now owns 1,470 shares of the company's stock worth $26,000 after buying an additional 1,259 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Paysafe by 2,613.0% in the second quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company's stock worth $37,000 after acquiring an additional 2,012 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Paysafe by 4.2% in the second quarter. Rhumbline Advisers now owns 55,108 shares of the company's stock worth $974,000 after acquiring an additional 2,226 shares in the last quarter. Institutional investors and hedge funds own 54.39% of the company's stock.

Paysafe Trading Up 6.4 %

NYSE PSFE traded up $1.47 during trading on Friday, hitting $24.45. The stock had a trading volume of 689,250 shares, compared to its average volume of 335,886. 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 has a market capitalization of $1.49 billion, a PE ratio of -109.42, a PEG ratio of 0.54 and a beta of 1.91. The firm has a 50 day moving average price of $22.05 and a 200 day moving average price of $19.69. Paysafe has a twelve month low of $10.05 and a twelve month high of $24.73.

Paysafe (NYSE:PSFE - Get Free Report) last issued 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). Paysafe had a negative net margin of 0.78% and a positive return on equity of 14.42%. The business had revenue of $439.92 million during the quarter, compared to analysts' expectations of $428.40 million. As a group, equities research analysts forecast that Paysafe will post 1.92 earnings per share for the current year.

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.