Jump Financial LLC Purchases New Holdings in Paysafe Limited (NYSE:PSFE)

Jump Financial LLC bought a new position in shares of Paysafe Limited (NYSE:PSFEFree Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,083 shares of the company’s stock, valued at approximately $361,000.

Other hedge funds also recently made changes to their positions in the company. Raymond James & Associates increased its holdings in shares of Paysafe by 3.7% during the second quarter. Raymond James & Associates now owns 112,133 shares of the company’s stock worth $1,131,000 after purchasing an additional 4,008 shares during the period. American International Group Inc. boosted its position in shares of Paysafe by 14.9% during the 2nd quarter. American International Group Inc. now owns 15,628 shares of the company’s stock worth $158,000 after acquiring an additional 2,026 shares in the last quarter. Truist Financial Corp boosted its position in shares of Paysafe by 29.7% during the 2nd quarter. Truist Financial Corp now owns 25,651 shares of the company’s stock worth $259,000 after acquiring an additional 5,873 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Paysafe by 98.5% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,904 shares of the company’s stock worth $160,000 after acquiring an additional 7,890 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Paysafe during the 3rd quarter worth approximately $119,000. 51.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PSFE. Jefferies Financial Group began coverage on shares of Paysafe in a research report on Thursday, November 30th. They set a “hold” rating and a $11.00 price target on the stock. Bank of America reduced their price target on shares of Paysafe from $13.90 to $13.70 and set an “underperform” rating on the stock in a research report on Friday, November 24th. UBS Group assumed coverage on shares of Paysafe in a research report on Friday, October 20th. They issued a “sell” rating and a $10.00 target price on the stock. Susquehanna cut their target price on shares of Paysafe from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 15th. Finally, BTIG Research assumed coverage on shares of Paysafe in a research report on Wednesday, January 17th. They issued a “buy” rating and a $19.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.71.

Check Out Our Latest Stock Analysis on PSFE

Paysafe Price Performance

Shares of NYSE:PSFE opened at $14.22 on Tuesday. The firm has a market cap of $864.43 million, a PE ratio of -20.61, a price-to-earnings-growth ratio of 0.34 and a beta of 1.87. The firm’s fifty day moving average is $13.02 and its 200-day moving average is $12.16. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.12 and a current ratio of 1.12. Paysafe Limited has a 52 week low of $9.25 and a 52 week high of $24.25.

Paysafe (NYSE:PSFEGet Free Report) last issued its quarterly earnings results on Tuesday, November 14th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.03). The business had revenue of $396.40 million for the quarter, compared to analyst estimates of $398.30 million. Paysafe had a positive return on equity of 15.59% and a negative net margin of 2.66%. Paysafe’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. Sell-side analysts predict that Paysafe Limited will post 1.95 earnings per share for the current year.

Paysafe Company Profile

(Free Report)

Paysafe Limited provides a payments platform with for merchants and consumers in the entertainment sectors. It enables businesses and consumers to connect and transact seamlessly through capabilities in payment processing, digital wallet, and online cash solutions. The company operates through two segments, Merchant Solutions and Digital Wallets.

Further Reading

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Institutional Ownership by Quarter for Paysafe (NYSE:PSFE)

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