Weiss Ratings Reiterates Sell (D-) Rating for Paysafe (NYSE:PSFE)

Paysafe (NYSE:PSFE)‘s stock had its “sell (d-)” rating restated by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, BTIG Research reissued a “buy” rating on shares of Paysafe in a research note on Tuesday, August 12th. One analyst has rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $16.95.

Paysafe Stock Performance

Shares of PSFE opened at $12.52 on Wednesday. The company has a debt-to-equity ratio of 3.15, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $749.82 million, a price-to-earnings ratio of -14.73 and a beta of 1.77. The company’s 50 day simple moving average is $13.32 and its 200 day simple moving average is $13.64. Paysafe has a 1 year low of $10.63 and a 1 year high of $26.25.

Paysafe (NYSE:PSFE) last announced its quarterly earnings data on Tuesday, August 12th. The company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.01. The business had revenue of $428.22 million for the quarter, compared to the consensus estimate of $424.11 million. Paysafe had a negative net margin of 2.93% and a positive return on equity of 9.64%. The company’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.59 earnings per share. Paysafe has set its FY 2025 guidance at 2.210-2.510 EPS. On average, sell-side analysts predict that Paysafe will post 1.87 EPS for the current year.

Hedge Funds Weigh In On Paysafe

Several institutional investors and hedge funds have recently bought and sold shares of PSFE. Sunriver Management LLC acquired a new position in Paysafe during the first quarter worth approximately $18,917,000. Private Management Group Inc. increased its position in Paysafe by 116.6% during the first quarter. Private Management Group Inc. now owns 1,075,043 shares of the company’s stock worth $16,867,000 after purchasing an additional 578,606 shares during the last quarter. AustralianSuper Pty Ltd acquired a new position in Paysafe during the first quarter worth approximately $4,510,000. CSM Advisors LLC acquired a new position in Paysafe during the second quarter worth approximately $3,476,000. Finally, Nuveen LLC acquired a new position in Paysafe during the first quarter worth approximately $1,439,000. Institutional investors and hedge funds own 54.39% of the company’s stock.

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.