Paysafe (NYSE:PSFE - Free Report) had its price target lowered by Bank of America from $18.00 to $16.00 in a research note issued to investors on Monday morning,Benzinga reports. Bank of America currently has an underperform rating on the stock.
A number of other research analysts have also weighed in on the stock. Susquehanna cut their price target on shares of Paysafe from $21.00 to $17.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. UBS Group boosted their price objective on shares of Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada lowered their target price on Paysafe from $25.00 to $21.00 and set a "sector perform" rating for the company in a report on Thursday, November 14th.
Check Out Our Latest Stock Analysis on PSFE
Paysafe Trading Down 0.1 %
Shares of PSFE stock traded down $0.01 on Monday, hitting $15.20. The stock had a trading volume of 460,228 shares, compared to its average volume of 380,996. The firm has a market cap of $923.51 million, a P/E ratio of -39.99, a PEG ratio of 0.48 and a beta of 1.87. Paysafe has a twelve month low of $12.82 and a twelve month high of $26.25. 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 fifty day moving average price of $18.49 and a two-hundred day moving average price of $19.91.
Paysafe (NYSE:PSFE - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.60 by ($0.17). The business had revenue of $420.07 million during the quarter, compared to analyst estimates of $437.40 million. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. As a group, analysts forecast that Paysafe will post 1.87 earnings per share for the current fiscal year.
Institutional Trading of Paysafe
A number of hedge funds and other institutional investors have recently made changes to their positions in PSFE. Spire Wealth Management bought a new position in Paysafe in the fourth quarter valued at $26,000. Bfsg LLC bought a new position in shares of Paysafe in the 4th quarter valued at about $78,000. State of Wyoming grew its holdings in shares of Paysafe by 38.2% in the 4th 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 in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Paysafe in the fourth quarter valued at about $169,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Paysafe in the third quarter valued at approximately $176,000. 54.39% of the stock is currently owned by institutional investors and hedge funds.
About Paysafe
(
Get 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.
Featured Stories
Before you consider Paysafe, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paysafe wasn't on the list.
While Paysafe currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
