Price T Rowe Associates Inc. MD Buys 1,709 Shares of Paysafe Limited (NYSE:PSFE)

Price T Rowe Associates Inc. MD lifted its holdings in Paysafe Limited (NYSE:PSFE) by 16.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,207 shares of the company’s stock after buying an additional 1,709 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Paysafe were worth $209,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Spire Wealth Management bought a new position in shares of Paysafe in the fourth quarter valued at about $26,000. Bfsg LLC bought a new position in shares of Paysafe in the fourth quarter valued at about $78,000. Quantbot Technologies LP bought a new position in shares of Paysafe in the fourth quarter valued at about $169,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Paysafe by 25.0% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 11,078 shares of the company’s stock valued at $194,000 after buying an additional 2,215 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Paysafe by 5.7% in the fourth quarter. SG Americas Securities LLC now owns 13,903 shares of the company’s stock worth $238,000 after purchasing an additional 754 shares during the period. 54.39% of the stock is owned by institutional investors.

Paysafe Price Performance

Shares of PSFE stock opened at $12.74 on Friday. The firm has a market cap of $762.97 million, a price-to-earnings ratio of -33.53, a PEG ratio of 0.48 and a beta of 1.90. Paysafe Limited has a 12 month low of $12.38 and a 12 month high of $26.25. The stock has a 50-day moving average price of $15.26 and a 200 day moving average price of $17.68. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76.

Paysafe (NYSE:PSFE) last issued its quarterly earnings data on Tuesday, May 13th. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.32). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The business had revenue of $401.00 million during the quarter, compared to analyst estimates of $404.45 million. Research analysts expect that Paysafe Limited will post 1.87 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Susquehanna lowered their price objective on Paysafe from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Tuesday, April 22nd. UBS Group lifted their price objective on Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research report on Wednesday, February 12th. Finally, Bank of America upgraded Paysafe from an “underperform” rating to a “neutral” rating and set a $14.30 price objective for the company in a research report on Friday.

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.