Susquehanna Lowers Paysafe (NYSE:PSFE) Price Target to $15.00

Paysafe (NYSE:PSFE - Free Report) had its price objective reduced by Susquehanna from $17.00 to $15.00 in a research note released on Tuesday,Benzinga reports. Susquehanna currently has a neutral rating on the stock.

PSFE has been the topic of several other research reports. UBS Group upped their price objective on Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a research note on Wednesday, February 12th. Bank of America decreased their price objective on Paysafe from $18.00 to $16.00 and set an "underperform" rating for the company in a report on Monday, March 10th.

Paysafe Stock Performance

NYSE:PSFE traded down $0.04 during trading on Tuesday, reaching $15.20. The company's stock had a trading volume of 8,773 shares, compared to its average volume of 325,974. Paysafe has a 12 month low of $13.01 and a 12 month high of $26.25. The firm has a market cap of $923.99 million, a price-to-earnings ratio of -40.08, a price-to-earnings-growth ratio of 0.48 and a beta of 1.91. The firm has a 50 day moving average of $16.29 and a 200-day moving average of $18.48. The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14.

Paysafe (NYSE:PSFE - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.17). The company had revenue of $420.07 million for the quarter, compared to the consensus estimate of $437.40 million. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. Research analysts expect that Paysafe will post 1.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Paysafe

A number of large investors have recently made changes to their positions in the stock. Topline Capital Management LLC purchased a new stake in Paysafe during the 4th quarter worth about $34,481,000. Dimensional Fund Advisors LP increased its position in shares of Paysafe by 4.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,851,402 shares of the company's stock valued at $31,659,000 after buying an additional 75,677 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Paysafe by 15.2% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 694,079 shares of the company's stock worth $11,869,000 after buying an additional 91,592 shares in the last quarter. Private Management Group Inc. bought a new position in shares of Paysafe in the fourth quarter valued at approximately $8,489,000. Finally, Bridgeway Capital Management LLC grew its stake in Paysafe by 2.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 469,504 shares of the company's stock valued at $8,029,000 after acquiring an additional 12,156 shares in the last quarter. 54.39% of the stock is owned by institutional investors.

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.