Mirae Asset Global Investments Co. Ltd. Buys 2,868 Shares of Paysafe Limited (NYSE:PSFE)

Mirae Asset Global Investments Co. Ltd. raised its stake in Paysafe Limited (NYSE:PSFE) by 1,385.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,075 shares of the company’s stock after purchasing an additional 2,868 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Paysafe were worth $48,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Spire Wealth Management grew its stake in Paysafe by 87.8% in the 1st quarter. Spire Wealth Management now owns 2,845 shares of the company’s stock valued at $45,000 after buying an additional 1,330 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Paysafe by 16.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 12,207 shares of the company’s stock valued at $209,000 after purchasing an additional 1,709 shares during the last quarter. State of Wyoming increased its stake in shares of Paysafe by 38.2% during the fourth quarter. State of Wyoming now owns 7,162 shares of the company’s stock worth $122,000 after purchasing an additional 1,980 shares during the period. MetLife Investment Management LLC lifted its holdings in Paysafe by 11.0% during the 4th quarter. MetLife Investment Management LLC now owns 20,078 shares of the company’s stock worth $343,000 after purchasing an additional 1,990 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in Paysafe by 2.2% in the 4th quarter. Invesco Ltd. now owns 95,381 shares of the company’s stock valued at $1,631,000 after purchasing an additional 2,050 shares during the period. 54.39% of the stock is owned by institutional investors.

Paysafe Price Performance

Paysafe stock opened at $13.34 on Tuesday. The firm has a market cap of $798.93 million, a PE ratio of -667.00, a price-to-earnings-growth ratio of 0.37 and a beta of 1.79. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.16 and a quick ratio of 1.16. The stock’s fifty day moving average price is $13.16 and its two-hundred day moving average price is $15.83. Paysafe Limited has a one year low of $11.60 and a one year high of $26.25.

Wall Street Analyst Weigh In

Several research firms have weighed in on PSFE. Susquehanna lowered their price objective on Paysafe from $17.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 22nd. Bank of America raised shares of Paysafe from an “underperform” rating to a “neutral” rating and set a $14.30 price target on the stock in a research report on Friday, May 16th.

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.