Paysafe Limited (NYSE:PSFE - Get Free Report) saw strong trading volume on Thursday . 353,137 shares traded hands during mid-day trading, an increase of 68% from the previous session's volume of 209,593 shares.The stock last traded at $22.98 and had previously closed at $19.81.
Wall Street Analyst Weigh In
PSFE has been the topic of several recent research reports. Susquehanna reduced their price target on Paysafe from $23.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, November 14th. Royal Bank of Canada decreased their target price on shares of Paysafe from $25.00 to $21.00 and set a "sector perform" rating on the stock in a research note on Thursday, November 14th.
View Our Latest Report on Paysafe
Paysafe Trading Down 1.9 %
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 firm has a market cap of $1.39 billion, a PE ratio of -59.99, a PEG ratio of 0.57 and a beta of 1.89. The firm has a fifty day simple moving average of $18.54 and a two-hundred day simple moving average of $20.28.
Institutional Trading of Paysafe
Several large investors have recently added to or reduced their stakes in PSFE. State Street Corp boosted its stake in shares of Paysafe by 1.5% during the 3rd quarter. State Street Corp now owns 1,427,043 shares of the company's stock valued at $32,009,000 after purchasing an additional 20,418 shares in the last quarter. Private Management Group Inc. purchased a new stake in Paysafe in the fourth quarter worth about $8,489,000. Empowered Funds LLC boosted its position in Paysafe by 5.1% during the 4th quarter. Empowered Funds LLC now owns 250,604 shares of the company's stock valued at $4,285,000 after acquiring an additional 12,156 shares in the last quarter. Foundry Partners LLC purchased a new position in shares of Paysafe during the 3rd quarter worth approximately $5,450,000. Finally, Raymond James Financial Inc. purchased a new stake in Paysafe in the fourth quarter worth $1,944,000. Institutional investors own 54.39% of the company's stock.
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.
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