Paysafe (NYSE:PSFE) Upgraded to “Hold” at Zacks Research

Zacks Research upgraded shares of Paysafe (NYSE:PSFE) from a strong sell rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the company. Susquehanna reiterated a “neutral” rating and set a $10.00 price objective (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. UBS Group reiterated a “sell” rating and set a $7.50 price objective (up from $6.75) on shares of Paysafe in a research note on Thursday, May 14th. BTIG Research upped their price objective on Paysafe from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings cut Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. Finally, Wall Street Zen upgraded Paysafe from a “hold” rating to a “buy” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $10.13.

Paysafe Trading Up 3.4%

Shares of Paysafe stock opened at $7.19 on Monday. Paysafe has a 12-month low of $5.95 and a 12-month high of $15.02. The stock has a market cap of $371.32 million, a P/E ratio of -2.04, a P/E/G ratio of 0.23 and a beta of 1.76. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.03. The business’s 50 day moving average is $7.96 and its 200-day moving average is $7.56.

Paysafe (NYSE:PSFE) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. Paysafe had a positive return on equity of 11.32% and a negative net margin of 11.44%.The company had revenue of $442.72 million for the quarter, compared to analysts’ expectations of $424.41 million. Equities research analysts predict that Paysafe will post 1.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Richard Swales sold 10,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $7.69, for a total value of $76,900.00. Following the sale, the insider owned 44,456 shares in the company, valued at approximately $341,866.64. This represents a 18.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On Paysafe

A number of large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its stake in Paysafe by 74.3% in the 1st quarter. Bank of America Corp DE now owns 65,947 shares of the company’s stock valued at $449,000 after acquiring an additional 28,117 shares during the period. Empowered Funds LLC increased its position in Paysafe by 9.7% during the 1st quarter. Empowered Funds LLC now owns 212,954 shares of the company’s stock worth $1,450,000 after buying an additional 18,863 shares during the period. Quantinno Capital Management LP increased its position in Paysafe by 108.4% during the 1st quarter. Quantinno Capital Management LP now owns 241,617 shares of the company’s stock worth $1,645,000 after buying an additional 125,652 shares during the period. Whitebox Advisors LLC bought a new position in Paysafe during the 1st quarter worth $819,000. Finally, Sei Investments Co. bought a new position in Paysafe during the 1st quarter worth $127,000. Institutional investors own 54.39% of the company’s stock.

About Paysafe

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.