Paysafe (NYSE:PSFE) Given New $15.00 Price Target at Susquehanna

Paysafe (NYSE:PSFE) had its target price decreased by stock analysts at Susquehanna from $17.00 to $15.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Susquehanna’s price target suggests a potential upside of 7.64% from the company’s current price.

Several other brokerages have also commented on PSFE. UBS Group upped their price target on Paysafe from $17.00 to $17.50 and gave the stock a “sell” rating in a research note on Wednesday, February 12th. Bank of America decreased their price objective on shares of Paysafe from $18.00 to $16.00 and set an “underperform” rating for the company in a research note on Monday, March 10th.

Paysafe Trading Up 1.0 %

Shares of PSFE stock traded up $0.14 during mid-day trading on Tuesday, hitting $13.94. 23,573 shares of the company’s stock were exchanged, compared to its average volume of 326,415. The stock has a market cap of $846.87 million, a price-to-earnings ratio of -36.36, a PEG ratio of 0.48 and a beta of 1.91. The stock has a 50-day simple moving average of $16.59 and a two-hundred day simple moving average of $18.58. Paysafe has a fifty-two week low of $13.01 and a fifty-two week high of $26.25. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.76.

Paysafe (NYSE:PSFE) last released its earnings results on Thursday, March 6th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.17). The company had revenue of $420.07 million during the quarter, compared to analyst estimates of $437.40 million. Paysafe had a positive return on equity of 12.92% and a negative net margin of 1.38%. Equities analysts expect that Paysafe will post 1.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Paysafe

Hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC boosted its holdings in Paysafe by 273.6% in the third quarter. Barclays PLC now owns 42,167 shares of the company’s stock worth $946,000 after purchasing an additional 30,881 shares during the period. Tidal Investments LLC bought a new position in Paysafe during the 3rd quarter valued at $627,000. Principal Financial Group Inc. acquired a new position in Paysafe during the third quarter worth about $764,000. JPMorgan Chase & Co. raised its holdings in shares of Paysafe by 5.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 15,183 shares of the company’s stock worth $341,000 after purchasing an additional 835 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Paysafe by 5.7% during the 4th quarter. SG Americas Securities LLC now owns 13,903 shares of the company’s stock valued at $238,000 after acquiring an additional 754 shares during the last quarter. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

Paysafe Company Profile

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.