Brokerages Set Paysafe Limited (NYSE:PSFE) Target Price at $9.81

Paysafe Limited (NYSE:PSFE) has received an average rating of “Reduce” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $9.81.

Several analysts have recently issued reports on PSFE shares. BTIG Research lowered their price target on shares of Paysafe from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, March 3rd. Zacks Research raised shares of Paysafe from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Paysafe in a research report on Thursday, January 22nd. UBS Group lowered their price target on shares of Paysafe from $7.00 to $6.75 and set a “sell” rating on the stock in a research report on Wednesday, March 4th. Finally, Royal Bank Of Canada lowered their price target on shares of Paysafe from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research report on Wednesday, March 4th.

Paysafe Stock Down 7.3%

PSFE opened at $8.57 on Tuesday. The company’s 50-day moving average price is $7.16 and its two-hundred day moving average price is $8.23. Paysafe has a twelve month low of $5.95 and a twelve month high of $16.49. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 3.98. The stock has a market cap of $442.64 million, a price-to-earnings ratio of -2.72, a PEG ratio of 0.31 and a beta of 1.66.

Paysafe (NYSE:PSFE) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.46 earnings per share (EPS) for the quarter. Paysafe had a negative net margin of 10.73% and a positive return on equity of 11.55%. The company had revenue of $438.36 million for the quarter. As a group, equities analysts expect that Paysafe will post 1.6 earnings per share for the current year.

Insider Activity

In other news, insider Richard Swales sold 18,849 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $6.87, for a total value of $129,492.63. Following the sale, the insider owned 24,291 shares of the company’s stock, valued at $166,879.17. The trade was a 43.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Trading of Paysafe

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. World Investment Advisors bought a new stake in Paysafe during the 4th quarter worth approximately $116,000. Alpine Global Management LLC bought a new stake in Paysafe during the 4th quarter worth approximately $181,000. Mercer Global Advisors Inc. ADV bought a new stake in Paysafe during the 4th quarter worth approximately $93,000. Mackenzie Financial Corp bought a new stake in Paysafe during the 4th quarter worth approximately $352,000. Finally, XTX Topco Ltd bought a new stake in Paysafe during the 4th quarter worth approximately $685,000. 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.