SG Americas Securities LLC Sells 1,305 Shares of Paysafe Limited (NYSE:PSFE)

SG Americas Securities LLC reduced its position in shares of Paysafe Limited (NYSE:PSFE) by 17.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,332 shares of the company’s stock after selling 1,305 shares during the quarter. SG Americas Securities LLC’s holdings in Paysafe were worth $112,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its position in Paysafe by 596.7% during the second quarter. CWM LLC now owns 1,470 shares of the company’s stock valued at $26,000 after buying an additional 1,259 shares during the period. New York State Common Retirement Fund grew its position in shares of Paysafe by 21.4% during the 4th quarter. New York State Common Retirement Fund now owns 17,106 shares of the company’s stock valued at $219,000 after acquiring an additional 3,016 shares during the period. Gamco Investors INC. ET AL increased its stake in shares of Paysafe by 16.7% in the 1st quarter. Gamco Investors INC. ET AL now owns 20,650 shares of the company’s stock worth $326,000 after purchasing an additional 2,950 shares in the last quarter. Quadrature Capital Ltd bought a new position in Paysafe in the 4th quarter worth $366,000. Finally, Jump Financial LLC lifted its position in Paysafe by 26.0% during the fourth quarter. Jump Financial LLC now owns 37,900 shares of the company’s stock valued at $485,000 after purchasing an additional 7,817 shares in the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Paysafe Stock Down 0.5 %

Shares of PSFE opened at $21.80 on Tuesday. The business’s 50 day moving average is $19.43 and its 200 day moving average is $16.88. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.80. Paysafe Limited has a 12-month low of $9.25 and a 12-month high of $22.38. The company has a market capitalization of $1.33 billion, a PE ratio of -99.09, a price-to-earnings-growth ratio of 0.52 and a beta of 1.91.

Analyst Ratings Changes

PSFE has been the subject of a number of analyst reports. Susquehanna upped their price target on Paysafe from $16.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, August 15th. Royal Bank of Canada increased their target price on shares of Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Finally, UBS Group lifted their price target on shares of Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a report on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Paysafe presently has a consensus rating of “Hold” and an average price target of $18.27.

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.