Mirae Asset Global Investments Co. Ltd. Sells 1,677 Shares of Paysafe Limited (NYSE:PSFE)

Mirae Asset Global Investments Co. Ltd. cut its holdings in Paysafe Limited (NYSE:PSFE) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 82,582 shares of the company’s stock after selling 1,677 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Paysafe were worth $1,056,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Adage Capital Partners GP L.L.C. lifted its stake in shares of Paysafe by 37.4% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,155,486 shares of the company’s stock valued at $13,854,000 after acquiring an additional 314,617 shares during the last quarter. Ancora Advisors LLC bought a new stake in Paysafe in the third quarter valued at approximately $2,928,000. Janney Montgomery Scott LLC purchased a new stake in shares of Paysafe during the third quarter valued at approximately $717,000. Jump Financial LLC bought a new position in shares of Paysafe in the third quarter worth approximately $361,000. Finally, Dark Forest Capital Management LP purchased a new position in shares of Paysafe in the third quarter worth $311,000. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on PSFE. BTIG Research assumed coverage on shares of Paysafe in a research report on Wednesday, January 17th. They set a “buy” rating and a $19.00 price target for the company. Bank of America raised their target price on Paysafe from $13.40 to $14.60 and gave the stock an “underperform” rating in a research note on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.83.

Paysafe Trading Up 2.5 %

NYSE:PSFE opened at $14.80 on Wednesday. Paysafe Limited has a 12 month low of $9.25 and a 12 month high of $17.18. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.82. The company has a 50-day moving average price of $14.51 and a 200-day moving average price of $12.92. The stock has a market cap of $899.69 million, a price-to-earnings ratio of -44.85, a P/E/G ratio of 0.35 and a beta of 1.86.

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

Paysafe 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.