Paysafe (NYSE:PSFE) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Paysafe (NYSE:PSFE) posted its earnings results on Thursday. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01, FiscalAI reports. Paysafe had a positive return on equity of 10.90% and a negative net margin of 11.44%.The company had revenue of $442.72 million for the quarter, compared to the consensus estimate of $424.41 million.

Paysafe Price Performance

Shares of PSFE stock traded down $0.42 during trading on Friday, hitting $7.74. The company had a trading volume of 169,475 shares, compared to its average volume of 414,756. The company has a debt-to-equity ratio of 3.98, a quick ratio of 1.24 and a current ratio of 1.24. The firm has a market capitalization of $399.71 million, a P/E ratio of -2.19, a price-to-earnings-growth ratio of 0.31 and a beta of 1.82. The stock’s 50-day moving average price is $7.84 and its 200 day moving average price is $7.86. Paysafe has a one year low of $5.95 and a one year high of $15.02.

Insider Activity

In related news, insider Richard Swales sold 18,849 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $6.87, for a total value of $129,492.63. Following the completion of the sale, the insider directly owned 24,291 shares in the company, valued at approximately $166,879.17. The trade was a 43.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Institutional Investors Weigh In On Paysafe

Several institutional investors have recently made changes to their positions in PSFE. Geode Capital Management LLC boosted its stake in shares of Paysafe by 1.8% in the second quarter. Geode Capital Management LLC now owns 399,449 shares of the company’s stock valued at $5,041,000 after buying an additional 7,155 shares during the period. Quantbot Technologies LP bought a new stake in Paysafe during the second quarter worth $106,000. Arrowstreet Capital Limited Partnership lifted its stake in Paysafe by 10.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 393,291 shares of the company’s stock worth $4,963,000 after purchasing an additional 36,994 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in Paysafe by 24.2% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 44,872 shares of the company’s stock worth $566,000 after purchasing an additional 8,729 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in Paysafe by 18.8% during the second quarter. Ameriprise Financial Inc. now owns 182,237 shares of the company’s stock worth $2,300,000 after purchasing an additional 28,812 shares during the last quarter. 54.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

PSFE has been the topic of several research reports. Wall Street Zen downgraded Paysafe from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. BTIG Research upped their target price on Paysafe from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Wednesday. Zacks Research downgraded Paysafe from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $11.00 target price (up from $9.00) on shares of Paysafe in a research report on Thursday. Finally, Susquehanna reaffirmed a “neutral” rating and issued a $10.00 target price (up from $9.00) on shares of Paysafe in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $10.96.

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.