Paysafe (NYSE:PSFE) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Paysafe (NYSE:PSFE) from a buy rating to a hold rating in a report released on Monday.

A number of other equities research analysts have also recently weighed in on the stock. Zacks Research cut shares of Paysafe from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. Susquehanna reiterated a “neutral” rating and set a $10.00 target price (up from $9.00) on shares of Paysafe in a report on Thursday, May 14th. UBS Group reissued a “sell” rating and issued a $7.50 price target (up from $6.75) on shares of Paysafe in a research report on Thursday, May 14th. Weiss Ratings downgraded Paysafe from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, May 14th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $11.00 price objective (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Paysafe presently has an average rating of “Reduce” and an average target price of $9.88.

Paysafe Stock Performance

Shares of Paysafe stock opened at $7.85 on Monday. Paysafe has a 12 month low of $5.95 and a 12 month high of $15.02. The firm has a market capitalization of $405.84 million, a P/E ratio of -2.22 and a beta of 1.74. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 4.03. The business has a fifty day simple moving average of $7.65 and a two-hundred day simple moving average of $7.50.

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

Insiders Place Their Bets

In related news, insider Richard Swales sold 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $7.69, for a total transaction of $76,900.00. Following the transaction, the insider owned 44,456 shares in the company, valued at $341,866.64. This represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Investors Weigh In On Paysafe

Large investors have recently added to or reduced their stakes in the stock. Whitebox Advisors LLC purchased a new position in Paysafe in the first quarter worth about $819,000. Private Management Group Inc. increased its position in shares of 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 purchasing an additional 897,103 shares during the last quarter. World Investment Advisors purchased a new stake in shares of Paysafe during the 4th quarter valued at about $116,000. Alpine Global Management LLC bought a new position in shares of Paysafe in the 4th quarter worth approximately $181,000. Finally, Greenwich Wealth Management LLC lifted its stake in shares of Paysafe by 6.9% in the 4th quarter. Greenwich Wealth Management LLC now owns 30,473 shares of the company’s stock worth $247,000 after purchasing an additional 1,960 shares during the period. Institutional investors 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.