Brokerages Set Paysafe Limited (NYSE:PSFE) Price Target at $9.88

Paysafe Limited (NYSE:PSFE) has received a consensus rating of “Reduce” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.8750.

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $11.00 price target (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. Weiss Ratings cut Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, May 14th. Zacks Research downgraded Paysafe from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. BTIG Research decreased their price target on Paysafe from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Finally, UBS Group reiterated a “sell” rating and set a $7.50 price target (up from $6.75) on shares of Paysafe in a research report on Thursday, May 14th.

Paysafe Price Performance

Shares of NYSE PSFE opened at $8.03 on Thursday. The stock has a market cap of $414.99 million, a P/E ratio of -2.27 and a beta of 1.74. The firm’s 50-day simple moving average is $7.66 and its 200 day simple moving average is $7.50. Paysafe has a fifty-two week low of $5.95 and a fifty-two week high of $15.02. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.03.

Paysafe (NYSE:PSFE) last announced its earnings results on Thursday, May 14th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $442.72 million during the quarter, compared to analyst estimates of $424.41 million. Paysafe had a negative net margin of 11.44% and a positive return on equity of 11.32%.

Insiders Place Their Bets

In related news, insider Richard Swales sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $7.69, for a total transaction of $76,900.00. Following the completion of the transaction, the insider owned 44,456 shares of the company’s stock, valued at $341,866.64. This trade represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Paysafe

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Greenwich Wealth Management LLC lifted its stake in Paysafe by 6.9% in the 4th quarter. Greenwich Wealth Management LLC now owns 30,473 shares of the company’s stock worth $247,000 after acquiring an additional 1,960 shares in the last quarter. Two Sigma Investments LP raised its holdings in shares of Paysafe by 4.7% during the 3rd quarter. Two Sigma Investments LP now owns 69,940 shares of the company’s stock valued at $904,000 after purchasing an additional 3,135 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Paysafe by 143.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock valued at $70,000 after purchasing an additional 3,266 shares during the last quarter. Campbell & CO Investment Adviser LLC lifted its stake in shares of Paysafe by 23.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 24,440 shares of the company’s stock valued at $198,000 after purchasing an additional 4,606 shares during the last quarter. Finally, Bfsg LLC boosted its holdings in Paysafe by 46.0% in the fourth quarter. Bfsg LLC now owns 16,148 shares of the company’s stock worth $131,000 after purchasing an additional 5,088 shares in the last quarter. 54.39% of the stock is owned by institutional investors and hedge funds.

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.