Paysafe (NYSE:PSFE - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.17), Zacks reports. The firm had revenue of $420.07 million for the quarter, compared to the consensus estimate of $437.40 million. Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%.
Paysafe Trading Up 1.9 %
Shares of PSFE traded up $0.29 during trading hours on Friday, hitting $15.97. 485,715 shares of the stock were exchanged, compared to its average volume of 370,891. Paysafe has a fifty-two week low of $12.02 and a fifty-two week high of $26.25. The business has a 50-day moving average of $18.70 and a 200-day moving average of $20.13. The firm has a market capitalization of $970.73 million, a P/E ratio of -42.03, a price-to-earnings-growth ratio of 0.48 and a beta of 1.87. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14.
Analyst Ratings Changes
Several research firms have recently issued reports on PSFE. Royal Bank of Canada dropped their price target on shares of Paysafe from $25.00 to $21.00 and set a "sector perform" rating for the company in a research note on Thursday, November 14th. UBS Group lifted their target price on Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a report on Wednesday, February 12th. Finally, Susquehanna reduced their price target on Paysafe from $21.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday.
View Our Latest Stock Report on PSFE
About Paysafe
(
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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.
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