Paysafe (NYSE:PSFE) Given New $7.00 Price Target at UBS Group

Paysafe (NYSE:PSFE) had its price objective reduced by UBS Group from $12.00 to $7.00 in a report released on Friday morning,Benzinga reports. They currently have a sell rating on the stock.

PSFE has been the topic of a number of other reports. Zacks Research upgraded shares of Paysafe to a “hold” rating in a report on Thursday, October 23rd. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $10.00 price objective (down from $17.00) on shares of Paysafe in a research note on Friday. Weiss Ratings reissued a “sell (d-)” rating on shares of Paysafe in a research note on Wednesday, October 8th. BTIG Research reaffirmed a “buy” rating and issued a $11.00 price target (down previously from $22.00) on shares of Paysafe in a research report on Friday. Finally, Susquehanna cut their target price on shares of Paysafe from $15.00 to $9.00 and set a “neutral” rating on the stock in a research note on Friday. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $10.26.

Paysafe Trading Down 4.6%

PSFE traded down $0.34 during mid-day trading on Friday, hitting $7.02. 2,407,939 shares of the stock were exchanged, compared to its average volume of 460,308. The firm’s fifty day moving average is $12.23 and its two-hundred day moving average is $12.88. Paysafe has a 1-year low of $6.66 and a 1-year high of $24.11. The company has a market cap of $420.31 million, a PE ratio of -3.25, a PEG ratio of 0.21 and a beta of 1.76. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 3.15.

Paysafe (NYSE:PSFE) last issued its quarterly earnings results on Thursday, November 13th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.03). The business had revenue of $433.82 million for the quarter, compared to analysts’ expectations of $438.59 million. Paysafe had a positive return on equity of 11.20% and a negative net margin of 7.35%.The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. Paysafe has set its FY 2025 guidance at 1.830-1.880 EPS. Equities analysts forecast that Paysafe will post 1.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Paysafe

Several institutional investors have recently added to or reduced their stakes in the business. Spire Wealth Management boosted its holdings in Paysafe by 33.4% in the second quarter. Spire Wealth Management now owns 3,795 shares of the company’s stock valued at $48,000 after purchasing an additional 950 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Paysafe by 2.8% during the 1st quarter. Principal Financial Group Inc. now owns 38,769 shares of the company’s stock worth $608,000 after buying an additional 1,042 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Paysafe by 11.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 12,315 shares of the company’s stock worth $193,000 after buying an additional 1,237 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its position in shares of Paysafe by 9.4% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 19,834 shares of the company’s stock valued at $256,000 after buying an additional 1,701 shares during the last quarter. Finally, Bfsg LLC raised its stake in Paysafe by 19.4% during the 2nd quarter. Bfsg LLC now owns 11,585 shares of the company’s stock worth $146,000 after acquiring an additional 1,885 shares in the last quarter. Hedge funds and other institutional investors own 54.39% of the company’s stock.

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.