Bank of America Raises Paysafe (NYSE:PSFE) Price Target to $14.60

Paysafe (NYSE:PSFE) had its price target lifted by Bank of America from $13.40 to $14.60 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an underperform rating on the stock.

Separately, BTIG Research assumed coverage on Paysafe in a report on Wednesday, January 17th. They set a buy rating and a $19.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $20.83.

Paysafe Price Performance

Shares of NYSE:PSFE opened at $14.68 on Monday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.82. Paysafe has a twelve month low of $9.25 and a twelve month high of $17.18. The stock’s 50 day moving average is $14.42 and its 200-day moving average is $12.79. The firm has a market capitalization of $892.40 million, a price-to-earnings ratio of -44.48, a PEG ratio of 0.41 and a beta of 1.86.

Paysafe (NYSE:PSFE) last announced its quarterly earnings results on Thursday, March 7th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Paysafe had a positive return on equity of 15.85% and a negative net margin of 1.26%. The business had revenue of $414.50 million during the quarter, compared to the consensus estimate of $414.52 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. Paysafe’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts forecast that Paysafe will post 2.05 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new position in Paysafe in the 4th quarter valued at $366,000. Vanguard Group Inc. grew its stake in Paysafe by 17.4% in the 4th quarter. Vanguard Group Inc. now owns 161,308 shares of the company’s stock valued at $2,063,000 after purchasing an additional 23,954 shares during the period. Goldman Sachs Group Inc. grew its stake in Paysafe by 53.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 147,910 shares of the company’s stock valued at $1,892,000 after purchasing an additional 51,333 shares during the period. GSA Capital Partners LLP bought a new position in Paysafe in the 4th quarter valued at $348,000. Finally, Barclays PLC grew its stake in Paysafe by 229.7% in the 4th quarter. Barclays PLC now owns 55,884 shares of the company’s stock valued at $715,000 after purchasing an additional 38,932 shares during the period. Institutional investors own 54.39% of the company’s stock.

About Paysafe

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.