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

Shares of Paysafe Limited (NYSE:PSFE) have been given an average recommendation of “Reduce” by the six research firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $10.1250.

A number of research analysts have issued reports on the stock. Zacks Research raised shares of Paysafe from a “strong sell” rating to a “hold” rating in a research note on Monday. Weiss Ratings lowered shares of Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. Wall Street Zen raised shares of Paysafe from a “hold” rating to a “buy” rating in a research note on Saturday. BTIG Research boosted their target price on shares of Paysafe from $10.00 to $12.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $11.00 target price (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th.

Paysafe Trading Up 3.4%

Paysafe stock opened at $7.19 on Wednesday. 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 firm has a 50-day moving average price of $7.96 and a two-hundred day moving average price of $7.56. The firm has a market capitalization of $371.32 million, a price-to-earnings ratio of -2.04, a PEG ratio of 0.23 and a beta of 1.76. Paysafe has a 52-week low of $5.95 and a 52-week high of $15.02.

Paysafe (NYSE:PSFE) last posted its earnings results on Thursday, May 14th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The firm had revenue of $442.72 million during the quarter, compared to analyst estimates of $424.41 million. Paysafe had a negative net margin of 11.44% and a positive return on equity of 11.32%. Sell-side analysts expect that Paysafe will post 1.6 earnings per share for the current year.

Insider Buying and Selling

In other Paysafe news, insider Richard Swales sold 18,849 shares of the firm’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $6.87, for a total transaction of $129,492.63. Following the transaction, the insider owned 24,291 shares of the company’s stock, valued at approximately $166,879.17. This trade represents a 43.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On Paysafe

Several large investors have recently bought and sold shares of PSFE. Private Management Group Inc. increased its stake in Paysafe by 60.3% during the 4th quarter. Private Management Group Inc. now owns 2,384,594 shares of the company’s stock valued at $19,291,000 after buying an additional 897,103 shares during the period. Sona Asset Management US LLC acquired a new position in Paysafe during the 3rd quarter valued at about $3,090,000. Charles Schwab Investment Management Inc. grew its stake in shares of Paysafe by 57.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 543,416 shares of the company’s stock worth $4,396,000 after purchasing an additional 197,268 shares during the last quarter. Ancora Advisors LLC grew its stake in shares of Paysafe by 507.3% in the 3rd quarter. Ancora Advisors LLC now owns 196,580 shares of the company’s stock worth $2,540,000 after purchasing an additional 164,210 shares during the last quarter. Finally, HRT Financial LP grew its stake in shares of Paysafe by 1,102.1% in the 4th quarter. HRT Financial LP now owns 155,381 shares of the company’s stock worth $1,257,000 after purchasing an additional 142,455 shares during the last quarter. Institutional investors and hedge funds own 54.39% of the company’s stock.

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.