Shares of Paysafe Limited (NASDAQ:PSFE) have earned an average recommendation of “Buy” from the ten analysts that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $10.72.
PSFE has been the subject of several recent research reports. Cowen downgraded shares of Paysafe from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $14.00 to $7.00 in a research report on Thursday, November 11th. Wolfe Research downgraded shares of Paysafe from an “outperform” rating to a “peer perform” rating and decreased their target price for the stock from $14.00 to $4.50 in a research report on Friday, November 12th. Susquehanna decreased their target price on shares of Paysafe from $17.00 to $13.00 and set a “positive” rating for the company in a research report on Monday, November 15th. Royal Bank of Canada decreased their target price on shares of Paysafe from $15.00 to $9.00 and set an “outperform” rating for the company in a research report on Thursday, November 11th. Finally, Credit Suisse Group decreased their target price on shares of Paysafe from $9.00 to $4.00 and set a “neutral” rating for the company in a research report on Friday, November 12th.
Shares of PSFE opened at $3.76 on Wednesday. The company’s 50 day moving average price is $4.13 and its 200 day moving average price is $7.35. Paysafe has a 52 week low of $3.18 and a 52 week high of $19.57. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.84.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in shares of Paysafe by 43.1% during the 3rd quarter. BlackRock Inc. now owns 11,956,024 shares of the company’s stock worth $92,660,000 after buying an additional 3,600,577 shares during the period. Naya Capital Management UK Ltd. boosted its holdings in shares of Paysafe by 61.8% during the 2nd quarter. Naya Capital Management UK Ltd. now owns 8,529,749 shares of the company’s stock worth $103,295,000 after buying an additional 3,257,192 shares during the period. Indaba Capital Management L.P. bought a new stake in shares of Paysafe during the 3rd quarter worth $26,350,000. State Street Corp acquired a new position in Paysafe during the 2nd quarter valued at $32,375,000. Finally, Bloom Tree Partners LLC raised its stake in Paysafe by 0.3% during the 2nd quarter. Bloom Tree Partners LLC now owns 1,666,820 shares of the company’s stock valued at $20,185,000 after purchasing an additional 5,518 shares during the last quarter.
Paysafe Limited provides digital commerce solutions to online businesses, SMB merchants, and consumers through its Paysafe Network worldwide. It offers digital wallet solutions under the Skrill and NETELLER brands, which enable users to upload, store, withdraw, and pay funds and APMs from a virtual account; Knect, a Skrill-related loyalty program; Net+Prepaid Mastercard, a companion product enabling NETELLER digital wallet active users to access and use stored funds anywhere that Mastercard card products are accepted; rapid transfer solutions; and issuing services for prepaid, virtual, and private label cards on behalf of its merchant customers.
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