Paysafe Limited (NYSE:PSFE) Short Interest Up 26.2% in March

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

Paysafe Stock Down 5.5 %

Shares of NYSE PSFE traded down $0.82 during midday trading on Friday, hitting $14.14. 809,415 shares of the company's stock were exchanged, compared to its average volume of 324,696. The firm's fifty day simple moving average is $18.09 and its 200-day simple moving average is $19.28. 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 1.91. Paysafe has a twelve month low of $13.16 and a twelve month high of $26.25. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14.

Paysafe (NYSE:PSFE - Get Free Report) last released 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 positive return on equity of 12.92% and a negative net margin of 1.38%. The company had revenue of $420.07 million for the quarter, compared to analyst estimates of $437.40 million. Research analysts predict that Paysafe will post 1.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Paysafe

Several large investors have recently bought and sold shares of the stock. SG Americas Securities LLC lifted its holdings in shares of Paysafe by 5.7% in the 4th quarter. SG Americas Securities LLC now owns 13,903 shares of the company's stock valued at $238,000 after purchasing an additional 754 shares during the last quarter. JPMorgan Chase & Co. increased its position in Paysafe by 5.8% during the third quarter. JPMorgan Chase & Co. now owns 15,183 shares of the company's stock worth $341,000 after buying an additional 835 shares during the period. Spire Wealth Management purchased a new stake in Paysafe in the fourth quarter valued at approximately $26,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Paysafe by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,207 shares of the company's stock valued at $209,000 after acquiring an additional 1,709 shares during the period. Finally, State of Wyoming boosted its holdings in shares of Paysafe by 38.2% in the fourth quarter. State of Wyoming now owns 7,162 shares of the company's stock valued at $122,000 after acquiring an additional 1,980 shares during the period. Institutional investors and hedge funds own 54.39% of the company's stock.

Analysts Set New Price Targets

PSFE has been the topic of several recent research reports. Susquehanna cut their price target on Paysafe from $21.00 to $17.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Bank of America cut their target price on shares of Paysafe from $18.00 to $16.00 and set an "underperform" rating on the stock in a research note on Monday, March 10th. Finally, UBS Group lifted their price target 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.

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.