Paysafe (NYSE:PSFE - Free Report) had its target price boosted by UBS Group from $17.00 to $17.50 in a research note issued to investors on Wednesday morning,Benzinga reports. UBS Group currently has a sell rating on the stock.
A number of other research analysts also recently issued reports on the company. Susquehanna dropped their price target on Paysafe from $23.00 to $21.00 and set a "neutral" rating on the stock in a research note on Thursday, November 14th. Royal Bank of Canada reduced their price target on shares of Paysafe from $25.00 to $21.00 and set a "sector perform" rating for the company in a research report on Thursday, November 14th.
Get Our Latest Stock Report on PSFE
Paysafe Price Performance
PSFE traded down $0.23 on Wednesday, reaching $19.60. The company had a trading volume of 350,557 shares, compared to its average volume of 274,325. 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 has a 1 year low of $11.94 and a 1 year high of $26.25. The stock has a 50-day moving average price of $18.50 and a 200-day moving average price of $20.23.
Institutional Investors Weigh In On Paysafe
Several hedge funds have recently modified their holdings of the stock. Northern Trust Corp lifted its stake in shares of Paysafe by 6.7% in the 4th quarter. Northern Trust Corp now owns 215,839 shares of the company's stock worth $3,691,000 after acquiring an additional 13,626 shares during the period. Topline Capital Management LLC purchased a new position in Paysafe during the fourth quarter worth about $34,481,000. Price T Rowe Associates Inc. MD lifted its position in Paysafe by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,207 shares of the company's stock valued at $209,000 after purchasing an additional 1,709 shares during the period. MetLife Investment Management LLC boosted its holdings in Paysafe by 11.0% in the 4th quarter. MetLife Investment Management LLC now owns 20,078 shares of the company's stock valued at $343,000 after purchasing an additional 1,990 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Paysafe by 4.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,851,402 shares of the company's stock worth $31,659,000 after purchasing an additional 75,677 shares during the period. 54.39% of the stock is 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.
Featured Articles
Before you consider Paysafe, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paysafe wasn't on the list.
While Paysafe currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
