Paysafe (NYSE:PSFE) Hits New 1-Year High - What's Next?

Paysafe Limited (NYSE:PSFE - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $23.64 and last traded at $23.52, with a volume of 79069 shares changing hands. The stock had previously closed at $22.98.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Susquehanna reiterated a "neutral" rating and set a $23.00 price target on shares of Paysafe in a research note on Tuesday, October 15th. Bank of America boosted 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. Royal Bank of Canada raised 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. Finally, UBS Group upped 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. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $19.00.

Paysafe Stock Performance

The stock's fifty day simple moving average is $22.09 and its 200-day simple moving average is $19.76. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.83.

Paysafe (NYSE:PSFE - Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.07). Paysafe had a positive return on equity of 14.42% and a negative net margin of 0.78%. The firm had revenue of $439.92 million for the quarter, compared to analyst estimates of $428.40 million. Analysts forecast that Paysafe Limited will post 1.92 earnings per share for the current year.

Institutional Trading of Paysafe

Several institutional investors have recently made changes to their positions in PSFE. CWM LLC increased its holdings in Paysafe by 596.7% in the 2nd quarter. CWM LLC now owns 1,470 shares of the company's stock valued at $26,000 after purchasing an additional 1,259 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Paysafe by 2,613.0% in the 2nd 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 during the period. Oppenheimer Asset Management Inc. acquired a new stake in Paysafe in the third quarter valued at approximately $225,000. State of New Jersey Common Pension Fund D purchased a new stake in shares of Paysafe during the second quarter valued at approximately $222,000. Finally, SG Americas Securities LLC lifted its position in shares of Paysafe by 107.7% during the third quarter. SG Americas Securities LLC now owns 13,149 shares of the company's stock worth $295,000 after purchasing an additional 6,817 shares in the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.

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.