Paysafe (NYSE:PSFE) Stock Rating Upgraded by Bank of America

Paysafe (NYSE:PSFE) was upgraded by investment analysts at Bank of America from an “underperform” rating to a “neutral” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a $14.30 price target on the stock. Bank of America‘s price target suggests a potential upside of 12.24% from the stock’s previous close.

A number of other equities research analysts have also issued reports on PSFE. Susquehanna cut their price target on Paysafe from $17.00 to $15.00 and set a “neutral” rating for the company in a research note on Tuesday, April 22nd. UBS Group increased their price target on Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research note on Wednesday, February 12th.

Paysafe Stock Performance

Shares of PSFE opened at $12.74 on Friday. Paysafe has a one year low of $12.38 and a one year high of $26.25. The company has a market cap of $762.97 million, a PE ratio of -33.53, a P/E/G ratio of 0.48 and a beta of 1.90. The stock has a 50-day moving average of $15.26 and a 200-day moving average of $17.65. The company has a debt-to-equity ratio of 2.76, a current ratio of 1.14 and a quick ratio of 1.14.

Paysafe (NYSE:PSFE) last released its quarterly earnings results on Tuesday, May 13th. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.32). The firm had revenue of $401.00 million for the quarter, compared to the consensus estimate of $404.45 million. Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. On average, equities research analysts predict that Paysafe will post 1.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Spire Wealth Management purchased a new position in shares of Paysafe during the fourth quarter valued at about $26,000. GAMMA Investing LLC lifted its holdings in shares of Paysafe by 10,940.7% in the 1st quarter. GAMMA Investing LLC now owns 2,981 shares of the company’s stock valued at $47,000 after acquiring an additional 2,954 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Paysafe by 1,385.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,075 shares of the company’s stock valued at $48,000 after acquiring an additional 2,868 shares during the last quarter. Bfsg LLC bought a new position in shares of Paysafe in the 4th quarter valued at about $78,000. Finally, State of Wyoming lifted its holdings in shares of Paysafe by 38.2% in the 4th quarter. State of Wyoming now owns 7,162 shares of the company’s stock valued at $122,000 after acquiring an additional 1,980 shares during the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.

Paysafe Company 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.