Brokerages Set Paysafe Limited (NYSE:PSFE) Target Price at $22.01

Paysafe Limited (NYSE:PSFEGet Free Report) has earned a consensus rating of “Reduce” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $22.01.

Several equities research analysts have recently commented on the company. Susquehanna upped their price target on Paysafe from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. UBS Group boosted their price objective on shares of Paysafe from $11.00 to $16.50 and gave the company a “sell” rating in a research note on Wednesday, May 15th. Bank of America raised their target price on shares of Paysafe from $13.40 to $14.60 and gave the stock an “underperform” rating in a research note on Monday, April 15th. Finally, Royal Bank of Canada increased their price target on shares of Paysafe from $16.00 to $20.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 14th.

Check Out Our Latest Report on PSFE

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PSFE. Adage Capital Partners GP L.L.C. increased its position in shares of Paysafe by 37.4% in the third quarter. Adage Capital Partners GP L.L.C. now owns 1,155,486 shares of the company’s stock valued at $13,854,000 after buying an additional 314,617 shares in the last quarter. SG Americas Securities LLC grew its stake in Paysafe by 132.5% in the 4th quarter. SG Americas Securities LLC now owns 23,122 shares of the company’s stock valued at $296,000 after acquiring an additional 13,176 shares during the last quarter. Federated Hermes Inc. grew its stake in Paysafe by 2.2% in the 4th quarter. Federated Hermes Inc. now owns 196,795 shares of the company’s stock valued at $2,517,000 after acquiring an additional 4,150 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Paysafe by 21.4% in the 4th quarter. New York State Common Retirement Fund now owns 17,106 shares of the company’s stock valued at $219,000 after buying an additional 3,016 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Paysafe by 51.6% during the fourth quarter. Russell Investments Group Ltd. now owns 163,458 shares of the company’s stock valued at $2,091,000 after acquiring an additional 55,650 shares during the last quarter. 54.39% of the stock is owned by hedge funds and other institutional investors.

Paysafe Trading Down 0.7 %

NYSE PSFE opened at $17.54 on Friday. The firm’s fifty day moving average is $17.55 and its two-hundred day moving average is $15.38. Paysafe has a one year low of $9.25 and a one year high of $19.83. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $1.07 billion, a PE ratio of -79.73, a P/E/G ratio of 0.45 and a beta of 1.91.

Paysafe (NYSE:PSFEGet Free Report) last released its quarterly earnings results on Monday, May 13th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $417.74 million for the quarter, compared to analyst estimates of $407.60 million. Paysafe had a positive return on equity of 15.26% and a negative net margin of 0.82%. Analysts expect that Paysafe will post 2.12 earnings per share for the current year.

Paysafe Company Profile

(Get Free Report

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.

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Analyst Recommendations for Paysafe (NYSE:PSFE)

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