Campbell & CO Investment Adviser LLC acquired a new stake in shares of Paysafe Limited (NYSE:PSFE – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,133 shares of the company’s stock, valued at approximately $229,000.
Other institutional investors have also modified their holdings of the company. Spire Wealth Management increased its position in shares of Paysafe by 33.4% during the 2nd quarter. Spire Wealth Management now owns 3,795 shares of the company’s stock valued at $48,000 after purchasing an additional 950 shares during the last quarter. CWM LLC boosted its stake in Paysafe by 609.7% during the second quarter. CWM LLC now owns 7,282 shares of the company’s stock worth $92,000 after buying an additional 6,256 shares during the period. Bfsg LLC increased its position in Paysafe by 19.4% during the second quarter. Bfsg LLC now owns 11,585 shares of the company’s stock valued at $146,000 after acquiring an additional 1,885 shares during the last quarter. Harvest Portfolios Group Inc. raised its stake in shares of Paysafe by 22.2% in the second quarter. Harvest Portfolios Group Inc. now owns 13,335 shares of the company’s stock valued at $168,000 after acquiring an additional 2,425 shares during the period. Finally, Levin Capital Strategies L.P. bought a new stake in shares of Paysafe in the 1st quarter worth about $188,000. 54.39% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages recently commented on PSFE. Susquehanna cut their price target on shares of Paysafe from $15.00 to $9.00 and set a “neutral” rating on the stock in a report on Friday. UBS Group cut their target price on Paysafe from $12.00 to $7.00 and set a “sell” rating on the stock in a research note on Friday. BTIG Research reiterated a “buy” rating and issued a $11.00 price target (down from $22.00) on shares of Paysafe in a report on Friday. Royal Bank Of Canada restated a “sector perform” rating and set a $10.00 price objective (down previously from $17.00) on shares of Paysafe in a report on Friday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Paysafe in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $10.26.
Paysafe Trading Down 3.3%
PSFE opened at $6.75 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 3.15. The stock’s fifty day moving average is $12.08 and its two-hundred day moving average is $12.78. The company has a market capitalization of $404.14 million, a P/E ratio of -3.12, a PEG ratio of 0.20 and a beta of 1.76. Paysafe Limited has a 52 week low of $6.66 and a 52 week high of $24.11.
Paysafe (NYSE:PSFE – Get Free Report) last posted its quarterly earnings results on Thursday, November 13th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.03). Paysafe had a positive return on equity of 11.20% and a negative net margin of 7.35%.The firm had revenue of $433.82 million for the quarter, compared to the consensus estimate of $438.59 million. During the same period in the previous year, the company posted $0.51 EPS. Paysafe’s quarterly revenue was up 1.6% compared to the same quarter last year. Paysafe has set its FY 2025 guidance at 1.830-1.880 EPS. Analysts forecast that Paysafe Limited will post 1.87 earnings per share for the current 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.
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