Renaissance Technologies LLC Increases Stock Position in Paysafe Limited (NYSE:PSFE)

Renaissance Technologies LLC raised its holdings in Paysafe Limited (NYSE:PSFE - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 280,889 shares of the company's stock after purchasing an additional 26,400 shares during the quarter. Renaissance Technologies LLC owned 0.46% of Paysafe worth $4,803,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. boosted its holdings in shares of Paysafe by 2.2% during the 4th quarter. Invesco Ltd. now owns 95,381 shares of the company's stock valued at $1,631,000 after acquiring an additional 2,050 shares in the last quarter. Polymer Capital Management US LLC bought a new stake in shares of Paysafe during the fourth quarter worth about $381,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Paysafe in the fourth quarter valued at approximately $240,000. Foundry Partners LLC raised its holdings in Paysafe by 39.8% in the 4th quarter. Foundry Partners LLC now owns 339,696 shares of the company's stock valued at $5,809,000 after buying an additional 96,708 shares during the last quarter. Finally, ExodusPoint Capital Management LP bought a new stake in Paysafe during the 4th quarter worth approximately $1,792,000. Institutional investors own 54.39% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Paysafe from $17.00 to $17.50 and gave the stock a "sell" rating in a research note on Wednesday, February 12th. Susquehanna decreased their price target on Paysafe from $17.00 to $15.00 and set a "neutral" rating for the company in a research note on Tuesday. Finally, Bank of America cut their price objective on Paysafe from $18.00 to $16.00 and set an "underperform" rating on the stock in a research note on Monday, March 10th.

Paysafe Trading Up 1.4 %

Shares of Paysafe stock traded up $0.22 on Friday, hitting $15.46. 90,910 shares of the company's stock traded hands, compared to its average volume of 326,324. The company has a market capitalization of $939.31 million, a price-to-earnings ratio of -40.78, a price-to-earnings-growth ratio of 0.48 and a beta of 1.91. The company has a fifty day moving average of $16.29 and a two-hundred day moving average of $18.48. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14. Paysafe Limited has a one year low of $13.01 and a one year high of $26.25.

Paysafe (NYSE:PSFE - Get Free Report) last released its quarterly earnings data on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.17). The company had revenue of $420.07 million during the quarter, compared to the consensus estimate of $437.40 million. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. As a group, sell-side analysts expect that Paysafe Limited will post 1.87 earnings per share for the current year.

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.