Paysafe Limited (NYSE:PSFE) Receives Consensus Recommendation of “Reduce” from Analysts

Shares of Paysafe Limited (NYSE:PSFE) have been assigned a consensus recommendation of “Reduce” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $20.83.

A number of research firms have issued reports on PSFE. BTIG Research began coverage on Paysafe in a report on Wednesday, January 17th. They issued a “buy” rating and a $19.00 price objective for the company. Bank of America lifted their price target on shares of Paysafe from $13.40 to $14.60 and gave the company an “underperform” rating in a research report on Monday, April 15th.

Institutional Trading of Paysafe

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Quadrature Capital Ltd bought a new position in shares of Paysafe in the fourth quarter worth approximately $366,000. Vanguard Group Inc. raised its holdings in Paysafe by 17.4% in the 4th quarter. Vanguard Group Inc. now owns 161,308 shares of the company’s stock worth $2,063,000 after acquiring an additional 23,954 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Paysafe by 53.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 147,910 shares of the company’s stock valued at $1,892,000 after acquiring an additional 51,333 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Paysafe during the 4th quarter valued at $348,000. Finally, Barclays PLC increased its holdings in shares of Paysafe by 229.7% in the 4th quarter. Barclays PLC now owns 55,884 shares of the company’s stock worth $715,000 after purchasing an additional 38,932 shares in the last quarter. 54.39% of the stock is currently owned by institutional investors.

Paysafe Trading Down 0.7 %

Shares of PSFE opened at $14.23 on Monday. Paysafe has a 1-year low of $9.25 and a 1-year high of $17.18. The firm has a market capitalization of $865.04 million, a price-to-earnings ratio of -43.12, a PEG ratio of 0.35 and a beta of 1.86. The firm’s 50-day moving average price is $14.47 and its 200-day moving average price is $12.87. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.82.

Paysafe (NYSE:PSFE) last posted its earnings results on Thursday, March 7th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $414.50 million for the quarter, compared to the consensus estimate of $414.52 million. Paysafe had a positive return on equity of 15.85% and a negative net margin of 1.26%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. Sell-side analysts anticipate that Paysafe will post 2.05 EPS 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.