Paysafe Limited (NYSE:PSFE) Receives Consensus Rating of “Reduce” from Brokerages

Paysafe Limited (NYSE:PSFE) has been given a consensus recommendation of “Reduce” by the seven ratings firms that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $10.26.

PSFE has been the subject of several research reports. 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 report on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Paysafe in a research note on Wednesday, October 8th. BTIG Research restated a “buy” rating and issued a $11.00 price objective (down from $22.00) on shares of Paysafe in a report on Friday, November 14th. UBS Group reduced their target price on Paysafe from $12.00 to $7.00 and set a “sell” rating on the stock in a report on Friday, November 14th. Finally, Susquehanna decreased their target price on Paysafe from $15.00 to $9.00 and set a “neutral” rating for the company in a research report on Friday, November 14th.

Institutional Trading of Paysafe

A number of hedge funds have recently modified their holdings of PSFE. Private Management Group Inc. lifted its holdings in shares of Paysafe by 36.2% during the second quarter. Private Management Group Inc. now owns 1,463,763 shares of the company’s stock valued at $18,473,000 after purchasing an additional 388,720 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Paysafe by 115.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 167,496 shares of the company’s stock worth $2,628,000 after buying an additional 89,685 shares during the last quarter. Strs Ohio bought a new position in Paysafe during the 1st quarter valued at approximately $289,000. American Century Companies Inc. raised its stake in Paysafe by 15.5% during the first quarter. American Century Companies Inc. now owns 84,938 shares of the company’s stock valued at $1,333,000 after buying an additional 11,397 shares during the last quarter. Finally, 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 buying an additional 6,256 shares during the last quarter. Institutional investors own 54.39% of the company’s stock.

Paysafe Stock Performance

Shares of PSFE stock opened at $8.16 on Wednesday. The firm has a market capitalization of $488.40 million, a price-to-earnings ratio of -3.78, a PEG ratio of 0.56 and a beta of 1.84. The stock has a fifty day moving average of $9.66 and a 200 day moving average of $11.92. Paysafe has a 52 week low of $6.43 and a 52 week high of $24.11. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.50.

Paysafe Company Profile

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.