Paysafe (NYSE:PSFE) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Paysafe (NYSE:PSFE) from a hold rating to a buy rating in a report published on Sunday.

A number of other equities analysts have also recently issued reports on the company. Weiss Ratings cut Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, May 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $11.00 price target (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. Susquehanna reiterated a “neutral” rating and issued a $10.00 price target (up from $9.00) on shares of Paysafe in a research report on Thursday, May 14th. Zacks Research downgraded shares of Paysafe from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. Finally, UBS Group reissued 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. One analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $10.12.

Paysafe Price Performance

Shares of PSFE stock opened at $7.93 on Friday. The firm’s 50 day moving average price is $7.52 and its two-hundred day moving average price is $7.49. The company has a debt-to-equity ratio of 4.03, a quick ratio of 1.16 and a current ratio of 1.16. Paysafe has a 52-week low of $5.95 and a 52-week high of $15.02. The stock has a market cap of $409.62 million, a PE ratio of -2.25 and a beta of 1.74.

Paysafe (NYSE:PSFE) last issued its earnings results on Thursday, May 14th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. Paysafe had a negative net margin of 11.44% and a positive return on equity of 11.32%. The company had revenue of $442.72 million during the quarter, compared to analysts’ expectations of $424.41 million.

Insider Transactions at Paysafe

In other Paysafe news, insider Richard Swales sold 10,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $7.69, for a total value of $76,900.00. Following the completion of the transaction, the insider directly owned 44,456 shares of the company’s stock, valued at approximately $341,866.64. The trade was a 18.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Hedge Funds Weigh In On Paysafe

Several institutional investors and hedge funds have recently modified their holdings of PSFE. Tower Research Capital LLC TRC raised its holdings in Paysafe by 143.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company’s stock worth $70,000 after buying an additional 3,266 shares during the period. Quantbot Technologies LP acquired a new position in shares of Paysafe in the second quarter valued at approximately $106,000. State of Alaska Department of Revenue bought a new stake in shares of Paysafe during the fourth quarter worth $83,000. Engineers Gate Manager LP bought a new stake in shares of Paysafe during the second quarter worth $143,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Paysafe during the fourth quarter worth $93,000. 54.39% of the stock is currently owned by institutional investors and hedge funds.

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.