Paysafe (NYSE:PSFE) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Paysafe (NYSE:PSFE) from a buy rating to a hold rating in a research note released on Sunday morning.

Other equities research analysts have also recently issued research reports about the stock. Zacks Research upgraded shares of Paysafe from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. UBS Group dropped their target price on shares of Paysafe from $7.00 to $6.75 and set a “sell” rating on the stock in a report on Wednesday, March 4th. Royal Bank Of Canada dropped their target price on shares of Paysafe from $10.00 to $9.00 and set a “sector perform” rating on the stock in a report on Wednesday, March 4th. Weiss Ratings restated a “sell (d-)” rating on shares of Paysafe in a report on Thursday, January 22nd. Finally, BTIG Research dropped their target price on shares of Paysafe from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $9.81.

Paysafe Trading Down 1.8%

NYSE:PSFE opened at $9.02 on Friday. The company’s 50 day moving average price is $7.07 and its 200-day moving average price is $8.22. Paysafe has a 52 week low of $5.95 and a 52 week high of $16.49. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 3.98. The stock has a market cap of $465.90 million, a price-to-earnings ratio of -2.86, a PEG ratio of 0.30 and a beta of 1.66.

Paysafe (NYSE:PSFE) last posted its quarterly earnings results on Saturday, February 14th. The company reported $0.46 EPS for the quarter. Paysafe had a negative net margin of 10.73% and a positive return on equity of 11.55%. The firm had revenue of $438.36 million for the quarter. On average, equities research analysts forecast that Paysafe will post 1.63 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Paysafe news, insider Richard Swales sold 18,849 shares of the stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $6.87, for a total value of $129,492.63. Following the transaction, the insider directly owned 24,291 shares in the company, valued at approximately $166,879.17. This trade represents a 43.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Paysafe

Institutional investors and hedge funds have recently modified their holdings of the company. Campbell & CO Investment Adviser LLC increased its stake in Paysafe by 9.4% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 19,834 shares of the company’s stock worth $256,000 after buying an additional 1,701 shares during the period. Greenwich Wealth Management LLC increased its stake in Paysafe by 6.9% during the 4th quarter. Greenwich Wealth Management LLC now owns 30,473 shares of the company’s stock worth $247,000 after buying an additional 1,960 shares during the period. Strs Ohio increased its stake in Paysafe by 8.7% during the 3rd quarter. Strs Ohio now owns 27,500 shares of the company’s stock worth $355,000 after buying an additional 2,200 shares during the period. Two Sigma Investments LP increased its stake in Paysafe by 4.7% during the 3rd quarter. Two Sigma Investments LP now owns 69,940 shares of the company’s stock worth $904,000 after buying an additional 3,135 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Paysafe by 143.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock worth $70,000 after buying an additional 3,266 shares during the period. 54.39% of the stock is currently owned by institutional investors.

Paysafe Company Profile

Paysafe is a global payments provider that delivers a comprehensive suite of online and offline payment solutions. The company operates a diverse portfolio of products, including digital wallets under the Skrill and Neteller brands, prepaid voucher services through paysafecard, and integrated payment processing solutions for merchants. Paysafe’s platform is designed to serve a wide range of industries, from e-commerce and digital goods to gaming, financial services, and regulated verticals, offering tailored risk and compliance management alongside its core transaction capabilities.

Founded through a series of mergers and strategic acquisitions, Paysafe traces its origins to the launch of paysafecard in 2000 and the establishment of Optimal Payments in 1996.