Paysafe (NYSE:PSFE) Trading 1.7% Higher – What’s Next?

Paysafe Limited (NYSE:PSFE) shares traded up 1.7% during trading on Monday . The company traded as high as $7.08 and last traded at $6.9750. 425,729 shares changed hands during trading, a decline of 3% from the average session volume of 441,019 shares. The stock had previously closed at $6.86.

Wall Street Analyst Weigh In

Several research firms have commented on PSFE. Susquehanna lowered their target price on shares of Paysafe from $15.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday, November 14th. UBS Group lowered their price objective on shares of Paysafe from $12.00 to $7.00 and set a “sell” rating on the stock in a research note on Friday, November 14th. Royal Bank Of Canada restated a “sector perform” rating and issued a $10.00 target price (down from $17.00) on shares of Paysafe in a research report on Friday, November 14th. BTIG Research reiterated a “buy” rating and set a $11.00 price target (down from $22.00) on shares of Paysafe in a research report on Friday, November 14th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Paysafe in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Paysafe has a consensus rating of “Reduce” and an average target price of $10.26.

Paysafe Stock Performance

The firm’s 50 day simple moving average is $7.83 and its 200-day simple moving average is $10.71. The company has a market capitalization of $417.73 million, a price-to-earnings ratio of -3.23, a P/E/G ratio of 0.35 and a beta of 1.75. The company has a debt-to-equity ratio of 3.50, a quick ratio of 1.18 and a current ratio of 1.18.

Institutional Investors Weigh In On Paysafe

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Management Group Inc. grew its holdings in shares of Paysafe by 36.2% during the 2nd quarter. Private Management Group Inc. now owns 1,463,763 shares of the company’s stock valued at $18,473,000 after acquiring an additional 388,720 shares in the last quarter. CSM Advisors LLC purchased a new position in Paysafe in the second quarter valued at about $3,476,000. Sona Asset Management US LLC acquired a new position in Paysafe in the 3rd quarter worth about $3,090,000. Ancora Advisors LLC raised its stake in shares of Paysafe by 507.3% during the 3rd quarter. Ancora Advisors LLC now owns 196,580 shares of the company’s stock worth $2,540,000 after purchasing an additional 164,210 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Paysafe by 203,197.8% during the 3rd quarter. Lazard Asset Management LLC now owns 91,484 shares of the company’s stock worth $1,182,000 after purchasing an additional 91,439 shares in the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.

About Paysafe

Paysafe is a global payments provider that delivers a comprehensive suite of online and offline payment solutions. The company operates a diverse portfolio of products, including digital wallets under the Skrill and Neteller brands, prepaid voucher services through paysafecard, and integrated payment processing solutions for merchants. Paysafe’s platform is designed to serve a wide range of industries, from e-commerce and digital goods to gaming, financial services, and regulated verticals, offering tailored risk and compliance management alongside its core transaction capabilities.

Founded through a series of mergers and strategic acquisitions, Paysafe traces its origins to the launch of paysafecard in 2000 and the establishment of Optimal Payments in 1996.