Paysafe Limited (NYSE:PSFE) Short Interest Update

Paysafe Limited (NYSE:PSFE - Get Free Report) was the target of a significant growth in short interest in March. As of March 15th, there was short interest totalling 1,540,000 shares, a growth of 26.2% from the February 28th total of 1,220,000 shares. Approximately 5.0% of the shares of the stock are sold short. Based on an average daily volume of 376,400 shares, the days-to-cover ratio is currently 4.1 days.

Paysafe Price Performance

PSFE traded down $0.82 during trading on Friday, hitting $14.14. 809,415 shares of the company traded hands, compared to its average volume of 324,324. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.76. The company has a market cap of $859.39 million, a PE ratio of -37.21, a P/E/G ratio of 0.48 and a beta of 1.87. The stock's 50-day simple moving average is $18.09 and its two-hundred day simple moving average is $19.30. Paysafe has a 1 year low of $13.16 and a 1 year high of $26.25.

Paysafe (NYSE:PSFE - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.60 by ($0.17). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The firm had revenue of $420.07 million for the quarter, compared to analysts' expectations of $437.40 million. As a group, sell-side analysts anticipate that Paysafe will post 1.87 earnings per share for the current fiscal year.

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Institutional Trading of Paysafe

Several hedge funds have recently modified their holdings of PSFE. Topline Capital Management LLC bought a new stake in shares of Paysafe in the 4th quarter worth about $34,481,000. Private Management Group Inc. bought a new stake in shares of Paysafe during the fourth quarter valued at approximately $8,489,000. Raymond James Financial Inc. bought a new stake in Paysafe during the 4th quarter valued at $1,944,000. ExodusPoint Capital Management LP bought a new position in shares of Paysafe during the 4th quarter worth $1,792,000. Finally, Gabelli Funds LLC raised its holdings in shares of Paysafe by 64.1% in the fourth quarter. Gabelli Funds LLC now owns 266,713 shares of the company's stock valued at $4,561,000 after acquiring an additional 104,213 shares in the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on PSFE shares. UBS Group increased their price objective on shares of Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a research note on Wednesday, February 12th. Bank of America cut their price target on Paysafe from $18.00 to $16.00 and set an "underperform" rating for the company in a research note on Monday, March 10th. Finally, Susquehanna lowered their price objective on Paysafe from $21.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th.

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.