Susquehanna Lowers Paysafe (NYSE:PSFE) Price Target to $21.00

Paysafe (NYSE:PSFE - Get Free Report) had its target price decreased by research analysts at Susquehanna from $23.00 to $21.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Susquehanna's price objective indicates a potential upside of 15.64% from the company's current price.

A number of other research firms also recently commented on PSFE. Royal Bank of Canada boosted their price target on Paysafe from $20.00 to $25.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 14th. UBS Group boosted their price target on Paysafe from $16.50 to $17.00 and gave the company a "sell" rating in a research note on Wednesday, August 14th. Finally, Bank of America lifted their target price on Paysafe from $16.20 to $19.00 and gave the company an "underperform" rating in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $18.00.

Paysafe Stock Performance

Shares of PSFE traded down $0.86 during midday trading on Thursday, reaching $18.16. 533,742 shares of the stock were exchanged, compared to its average volume of 344,859. Paysafe has a twelve month low of $10.05 and a twelve month high of $26.25. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 2.83. The company has a market cap of $1.10 billion, a P/E ratio of -85.47, a PEG ratio of 0.64 and a beta of 1.91. The stock's 50 day simple moving average is $22.18 and its 200 day simple moving average is $19.98.

Paysafe (NYSE:PSFE - Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported $0.43 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.07). The firm had revenue of $439.92 million for the quarter, compared to analyst estimates of $428.40 million. Paysafe had a positive return on equity of 14.42% and a negative net margin of 0.78%. On average, sell-side analysts expect that Paysafe will post 1.92 earnings per share for the current year.

Institutional Trading of Paysafe

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Gabelli Funds LLC lifted its stake in shares of Paysafe by 32.6% in the first quarter. Gabelli Funds LLC now owns 152,500 shares of the company's stock worth $2,408,000 after acquiring an additional 37,500 shares during the period. Dimensional Fund Advisors LP lifted its stake in Paysafe by 24.8% in the second quarter. Dimensional Fund Advisors LP now owns 1,633,280 shares of the company's stock valued at $28,876,000 after buying an additional 324,207 shares during the period. Renaissance Technologies LLC lifted its stake in Paysafe by 31.8% in the second quarter. Renaissance Technologies LLC now owns 204,287 shares of the company's stock valued at $3,612,000 after buying an additional 49,300 shares during the period. Jacobs Levy Equity Management Inc. grew its stake in Paysafe by 39.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 302,765 shares of the company's stock valued at $4,781,000 after acquiring an additional 85,170 shares during the period. Finally, AQR Capital Management LLC increased its holdings in shares of Paysafe by 42.1% during the second quarter. AQR Capital Management LLC now owns 87,605 shares of the company's stock valued at $1,524,000 after acquiring an additional 25,953 shares in the last quarter. 54.39% of the stock is currently owned by institutional investors.

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.