Paysafe Limited (NYSE:PSFE - Get Free Report)'s stock price gapped down prior to trading on Tuesday following a dissappointing earnings announcement. The stock had previously closed at $19.22, but opened at $17.02. Paysafe shares last traded at $15.18, with a volume of 205,834 shares traded.
The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.17). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The firm had revenue of $420.07 million during the quarter, compared to analysts' expectations of $437.40 million.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on PSFE. Susquehanna dropped their target price on shares of Paysafe from $21.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday. Royal Bank of Canada lowered their price target on shares of Paysafe from $25.00 to $21.00 and set a "sector perform" rating on the stock in a research report on Thursday, November 14th. Finally, UBS Group increased their price objective on shares of Paysafe from $17.00 to $17.50 and gave the company a "sell" rating in a report on Wednesday, February 12th.
Read Our Latest Research Report on PSFE
Institutional Trading of Paysafe
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Private Management Group Inc. purchased a new stake in shares of Paysafe in the fourth quarter valued at about $8,489,000. Principal Financial Group Inc. purchased a new stake in shares of Paysafe in the 3rd quarter valued at approximately $764,000. Foundry Partners LLC acquired a new stake in shares of Paysafe during the 3rd quarter worth approximately $5,450,000. Barclays PLC raised its position in shares of Paysafe by 273.6% during the 3rd quarter. Barclays PLC now owns 42,167 shares of the company's stock valued at $946,000 after buying an additional 30,881 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Paysafe by 5.7% in the fourth quarter. SG Americas Securities LLC now owns 13,903 shares of the company's stock valued at $238,000 after acquiring an additional 754 shares during the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.
Paysafe Stock Performance
The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $970.73 million, a price-to-earnings ratio of -42.03, a PEG ratio of 0.48 and a beta of 1.87. The firm has a 50 day simple moving average of $18.70 and a 200-day simple moving average of $20.13.
Paysafe Company Profile
(
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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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