Paysafe (NYSE:PSFE) Given New $7.00 Price Target at UBS Group

Paysafe (NYSE:PSFE) had its price objective dropped by equities researchers at UBS Group from $12.00 to $7.00 in a report released on Friday,Benzinga reports. The firm currently has a “sell” rating on the stock. UBS Group’s price target points to a potential upside of 4.40% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the company. BTIG Research restated a “buy” rating and set a $11.00 price target (down from $22.00) on shares of Paysafe in a research note on Friday. Susquehanna cut their target price on shares of Paysafe from $15.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paysafe in a research report on Wednesday, October 8th. Zacks Research raised shares of Paysafe to a “hold” rating in a research report on Thursday, October 23rd. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a $10.00 price objective (down from $17.00) on shares of Paysafe in a research note on Friday. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $10.26.

Paysafe Stock Performance

NYSE:PSFE traded down $0.66 during trading hours on Friday, reaching $6.71. The company had a trading volume of 1,260,650 shares, compared to its average volume of 381,481. The firm has a market cap of $401.56 million, a price-to-earnings ratio of -7.90, a PEG ratio of 0.28 and a beta of 1.76. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 3.15. The firm’s 50 day moving average price is $12.38 and its 200-day moving average price is $12.93. Paysafe has a 52 week low of $6.71 and a 52 week high of $24.11.

Paysafe (NYSE:PSFE) last released its quarterly earnings results on Thursday, November 13th. The company reported $0.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.03). The firm had revenue of $433.82 million during the quarter, compared to analysts’ expectations of $438.59 million. Paysafe had a positive return on equity of 9.64% and a negative net margin of 2.93%.The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.51 earnings per share. Paysafe has set its FY 2025 guidance at 1.830-1.880 EPS. On average, analysts forecast that Paysafe will post 1.87 EPS for the current year.

Institutional Investors Weigh In On Paysafe

A number of hedge funds have recently made changes to their positions in the company. Spire Wealth Management raised its holdings in shares of Paysafe by 33.4% during the 2nd quarter. Spire Wealth Management now owns 3,795 shares of the company’s stock worth $48,000 after acquiring an additional 950 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Paysafe by 143.1% in the second quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock worth $70,000 after purchasing an additional 3,266 shares during the last quarter. CWM LLC raised its stake in Paysafe by 609.7% during the second quarter. CWM LLC now owns 7,282 shares of the company’s stock valued at $92,000 after purchasing an additional 6,256 shares in the last quarter. Quantbot Technologies LP bought a new position in Paysafe during the second quarter valued at $106,000. Finally, Magnetar Financial LLC bought a new position in Paysafe during the second quarter valued at $129,000. 54.39% of the stock is currently owned by hedge funds and other institutional investors.

About Paysafe

Paysafe Limited provides end-to-end payment solutions in the United States, Germany, the United Kingdom, and internationally. Its payments platform offers a range of payment solutions comprising credit and debit card processing, digital wallet, eCash, and real-time banking solutions for entertainment verticals, such as iGaming, including online betting related to sports, e-sports, fantasy sports, poker, and other casino games, as well as travel, streaming/video gaming, retail/hospitality, and digital assets.