MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $1.12 Million Stock Position in Paysafe Limited (NYSE:PSFE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Paysafe Limited (NYSE:PSFE) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,324 shares of the company’s stock after purchasing an additional 2,316 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.11% of Paysafe worth $1,117,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Private Management Group Inc. acquired a new stake in shares of Paysafe in the 4th quarter valued at $8,489,000. SG Americas Securities LLC raised its holdings in Paysafe by 5.7% during the fourth quarter. SG Americas Securities LLC now owns 13,903 shares of the company’s stock valued at $238,000 after buying an additional 754 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Paysafe by 5.8% in the third quarter. JPMorgan Chase & Co. now owns 15,183 shares of the company’s stock worth $341,000 after buying an additional 835 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Paysafe by 10.7% during the 4th quarter. Principal Financial Group Inc. now owns 37,727 shares of the company’s stock worth $645,000 after acquiring an additional 3,651 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Paysafe during the 4th quarter valued at about $169,000. 54.39% of the stock is owned by institutional investors and hedge funds.

Paysafe Price Performance

Shares of NYSE:PSFE opened at $12.02 on Monday. The company has a market cap of $719.85 million, a price-to-earnings ratio of -31.63, a PEG ratio of 0.48 and a beta of 1.90. The business has a 50 day moving average price of $14.89 and a 200 day moving average price of $17.28. 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 Limited has a twelve month low of $11.60 and a twelve month high of $26.25.

Paysafe (NYSE:PSFE) last posted its quarterly earnings data on Thursday, March 6th. The company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.17). Paysafe had a negative net margin of 1.38% and a positive return on equity of 12.92%. The business had revenue of $420.07 million during the quarter, compared to the consensus estimate of $437.40 million. Research analysts predict that Paysafe Limited will post 1.87 earnings per share for the current year.

Analysts Set New Price Targets

PSFE has been the topic of a number of recent analyst reports. UBS Group raised their price objective on Paysafe from $17.00 to $17.50 and gave the company a “sell” rating in a research note on Wednesday, February 12th. Bank of America upgraded shares of Paysafe from an “underperform” rating to a “neutral” rating and set a $14.30 price objective for the company in a research note on Friday, May 16th. Finally, Susquehanna decreased their price objective on shares of Paysafe from $17.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, April 22nd.

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.