Paysafe Limited (NYSE:PSFE - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $22.79, but opened at $20.61. Paysafe shares last traded at $20.19, with a volume of 101,704 shares traded.
Analysts Set New Price Targets
A number of brokerages have weighed in on PSFE. UBS Group increased their price target on Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a report on Wednesday. Susquehanna decreased their price target on Paysafe from $23.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, November 14th. Finally, Royal Bank of Canada decreased their price target on Paysafe from $25.00 to $21.00 and set a "sector perform" rating for the company in a report on Thursday, November 14th.
Read Our Latest Analysis on PSFE
Paysafe Stock Performance
The company has a debt-to-equity ratio of 2.76, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50 day moving average price of $18.51 and a 200 day moving average price of $20.25. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -51.57, a P/E/G ratio of 0.57 and a beta of 1.89.
Institutional Trading of Paysafe
Large investors have recently made changes to their positions in the company. Spire Wealth Management acquired a new stake in shares of Paysafe in the 4th quarter valued at about $26,000. Bfsg LLC bought a new position in Paysafe in the 4th quarter valued at about $78,000. Quantbot Technologies LP bought a new position in Paysafe in the 4th quarter valued at about $169,000. Harvest Fund Management Co. Ltd bought a new position in Paysafe in the 3rd quarter valued at about $176,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Paysafe by 25.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,078 shares of the company's stock valued at $194,000 after acquiring an additional 2,215 shares in the last quarter. 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.
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