Paysafe (NYSE:PSFE) Sets New 52-Week Low Following Analyst Downgrade

Paysafe Limited (NYSE:PSFE – Get Rating) reached a new 52-week low during trading on Thursday after Royal Bank of Canada lowered their price target on the stock from $36.00 to $17.00. The company traded as low as $11.08 and last traded at $11.16, with a volume of 391430 shares trading hands. The stock had previously closed at $11.95.

A number of other research analysts also recently commented on PSFE. Credit Suisse Group increased their price objective on shares of Paysafe from $18.60 to $19.00 and gave the company an “underperform” rating in a research note on Friday, March 10th. Susquehanna reiterated a “neutral” rating and set a $24.00 price objective on shares of Paysafe in a research note on Friday, March 10th. Finally, BMO Capital Markets reduced their price target on shares of Paysafe from $84.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, March 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.80.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PSFE. Raymond James Financial Services Advisors Inc. lifted its position in shares of Paysafe by 21.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 33,200 shares of the company’s stock worth $113,000 after buying an additional 5,911 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Paysafe in the 1st quarter worth about $122,000. Cetera Advisor Networks LLC increased its holdings in shares of Paysafe by 96.0% in the 1st quarter. Cetera Advisor Networks LLC now owns 105,560 shares of the company’s stock worth $358,000 after acquiring an additional 51,699 shares during the period. Dimensional Fund Advisors LP acquired a new stake in shares of Paysafe in the 1st quarter worth about $469,000. Finally, Vanguard Group Inc. increased its holdings in shares of Paysafe by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 1,042,147 shares of the company’s stock worth $3,534,000 after acquiring an additional 23,942 shares during the period. 47.72% of the stock is currently owned by institutional investors.

Paysafe Stock Performance

The company has a debt-to-equity ratio of 3.06, a quick ratio of 1.09 and a current ratio of 1.09. The stock’s fifty day moving average is $15.47 and its two-hundred day moving average is $17.06. The firm has a market cap of $668.08 million, a price-to-earnings ratio of -0.36, a PEG ratio of 1.61 and a beta of 1.84.

Paysafe (NYSE:PSFE – Get Rating) last released its quarterly earnings data on Tuesday, May 16th. The company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.46. Paysafe had a negative net margin of 44.06% and a positive return on equity of 15.34%. The business had revenue of $387.80 million for the quarter, compared to analysts’ expectations of $377.60 million. During the same quarter last year, the company earned $0.60 EPS. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts expect that Paysafe Limited will post 0.65 earnings per share for the current fiscal year.

About Paysafe

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Paysafe Limited provides digital commerce solutions to online businesses, small and medium-sized business merchants, and consumers through its Paysafe Network worldwide. The company operates in two segments, US Acquiring and Digital Commerce. It provides PCI-compliant payment acceptance and transaction processing solutions for merchants and integrated service providers, including merchant acquiring, transaction processing, online solutions, fraud and risk management tools, data and analytics, and point of sale systems and merchant financing solutions under the Paysafe and Petroleum Card Services brands.