Paysafe (NYSE:PSFE) Cut to “Strong Sell” at Zacks Research

Zacks Research lowered shares of Paysafe (NYSE:PSFE) from a hold rating to a strong sell rating in a research report released on Wednesday morning,Zacks.com reports.

Several other equities research analysts also recently issued reports on the company. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $11.00 price objective (up from $9.00) on shares of Paysafe in a report on Thursday, May 14th. Wall Street Zen upgraded Paysafe from a “hold” rating to a “buy” rating in a report on Saturday, June 13th. BTIG Research lifted their target price on Paysafe from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. UBS Group reiterated a “sell” rating and set a $7.50 price target (up from $6.75) on shares of Paysafe in a research note on Thursday, May 14th. Finally, Weiss Ratings cut shares of Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, May 14th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Paysafe currently has a consensus rating of “Reduce” and an average target price of $10.12.

Paysafe Stock Performance

NYSE:PSFE opened at $8.16 on Wednesday. Paysafe has a fifty-two week low of $5.95 and a fifty-two week high of $15.02. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.16 and a current ratio of 1.16. The company has a 50 day moving average price of $7.57 and a 200 day moving average price of $7.50. The stock has a market capitalization of $421.76 million, a P/E ratio of -2.31, a PEG ratio of 0.52 and a beta of 1.74.

Paysafe (NYSE:PSFE) last announced its earnings results on Thursday, May 14th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. Paysafe had a positive return on equity of 11.32% and a negative net margin of 11.44%.The company had revenue of $442.72 million for the quarter, compared to analyst estimates of $424.41 million. Equities research analysts forecast that Paysafe will post 1.1 EPS for the current year.

Insider Buying and Selling

In other Paysafe news, insider Richard Swales sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $7.69, for a total transaction of $76,900.00. Following the completion of the transaction, the insider owned 44,456 shares in the company, valued at $341,866.64. The trade was a 18.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Institutional Investors Weigh In On Paysafe

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Greenwich Wealth Management LLC raised its stake in shares of Paysafe by 6.9% during the fourth quarter. Greenwich Wealth Management LLC now owns 30,473 shares of the company’s stock worth $247,000 after purchasing an additional 1,960 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Paysafe by 4.7% during the third quarter. Two Sigma Investments LP now owns 69,940 shares of the company’s stock worth $904,000 after purchasing an additional 3,135 shares during the period. Tower Research Capital LLC TRC grew its position in Paysafe by 143.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock valued at $70,000 after buying an additional 3,266 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its position in Paysafe by 23.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 24,440 shares of the company’s stock valued at $198,000 after buying an additional 4,606 shares during the last quarter. Finally, Bfsg LLC increased its stake in Paysafe by 46.0% in the 4th quarter. Bfsg LLC now owns 16,148 shares of the company’s stock valued at $131,000 after buying an additional 5,088 shares during the period. 54.39% of the stock is currently owned by institutional investors and hedge funds.

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.