Paysafe Limited (NYSE:PSFE) Shares Sold by Creative Planning

Creative Planning reduced its stake in Paysafe Limited (NYSE:PSFE) by 46.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,844 shares of the company’s stock after selling 10,219 shares during the period. Creative Planning’s holdings in Paysafe were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SummerHaven Investment Management LLC grew its holdings in Paysafe by 1.3% during the second quarter. SummerHaven Investment Management LLC now owns 64,840 shares of the company’s stock worth $1,146,000 after acquiring an additional 821 shares during the period. CWM LLC raised its holdings in shares of Paysafe by 596.7% in the 2nd quarter. CWM LLC now owns 1,470 shares of the company’s stock worth $26,000 after purchasing an additional 1,259 shares in the last quarter. Nisa Investment Advisors LLC lifted its stake in Paysafe by 2,613.0% during the second quarter. Nisa Investment Advisors LLC now owns 2,089 shares of the company’s stock valued at $37,000 after purchasing an additional 2,012 shares during the last quarter. Rhumbline Advisers boosted its holdings in Paysafe by 4.2% during the second quarter. Rhumbline Advisers now owns 55,108 shares of the company’s stock worth $974,000 after buying an additional 2,226 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its position in Paysafe by 16.7% in the first quarter. Gamco Investors INC. ET AL now owns 20,650 shares of the company’s stock worth $326,000 after buying an additional 2,950 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Bank of America increased their price objective on Paysafe from $16.20 to $19.00 and gave the company an “underperform” rating in a research report on Tuesday, August 27th. UBS Group increased their price target on Paysafe from $16.50 to $17.00 and gave the company a “sell” rating in a research report on Wednesday, August 14th. Royal Bank of Canada boosted their price objective on Paysafe from $20.00 to $25.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Finally, Susquehanna reaffirmed a “neutral” rating and set a $23.00 price objective on shares of Paysafe in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Paysafe has a consensus rating of “Hold” and a consensus price target of $19.00.

Paysafe Stock Up 6.4 %

Shares of Paysafe stock opened at $24.45 on Friday. Paysafe Limited has a 1 year low of $10.05 and a 1 year high of $24.73. The company has a market cap of $1.49 billion, a P/E ratio of -116.42, a P/E/G ratio of 0.58 and a beta of 1.91. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 2.83. The stock has a 50-day moving average price of $22.09 and a 200 day moving average price of $19.80.

Paysafe (NYSE:PSFE) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.07). Paysafe had a positive return on equity of 14.42% and a negative net margin of 0.78%. The company had revenue of $439.92 million during the quarter, compared to analysts’ expectations of $428.40 million. As a group, analysts expect that Paysafe Limited will post 1.92 EPS for the current fiscal year.

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.