Paysafe (NYSE:PSFE) Price Target Raised to $12.00

Paysafe (NYSE:PSFE) had its target price increased by BTIG Research from $10.00 to $12.00 in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target indicates a potential upside of 31.00% from the stock’s previous close.

Several other equities research analysts also recently commented on the stock. Royal Bank Of Canada reduced their target price on shares of Paysafe from $10.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Wednesday, March 4th. Zacks Research raised Paysafe from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Paysafe in a research note on Thursday, January 22nd. UBS Group cut their target price on Paysafe from $7.00 to $6.75 and set a “sell” rating on the stock in a research note on Wednesday, March 4th. Finally, Wall Street Zen cut shares of Paysafe from a “buy” rating to a “hold” rating in a research report on Sunday, April 19th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $10.21.

Paysafe Stock Performance

Shares of NYSE PSFE traded up $0.47 during mid-day trading on Wednesday, hitting $9.16. The company had a trading volume of 317,104 shares, compared to its average volume of 413,142. Paysafe has a 12 month low of $5.95 and a 12 month high of $15.02. The firm has a market cap of $473.39 million, a P/E ratio of -2.91, a PEG ratio of 0.29 and a beta of 1.82. The business’s 50-day simple moving average is $7.77 and its 200-day simple moving average is $7.92. The company has a debt-to-equity ratio of 3.98, a current ratio of 1.24 and a quick ratio of 1.24.

Paysafe (NYSE:PSFE) last issued its earnings results on Saturday, February 14th. The company reported $0.46 EPS for the quarter. The business had revenue of $438.36 million during the quarter. Paysafe had a positive return on equity of 11.55% and a negative net margin of 10.73%. As a group, analysts predict that Paysafe will post 1.6 earnings per share for the current fiscal year.

Insider Activity at Paysafe

In other news, insider Richard Swales sold 18,849 shares of the business’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 directly owned 24,291 shares in the company, valued at $166,879.17. The trade was a 43.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of Paysafe

A number of hedge funds have recently made changes to their positions in the business. World Investment Advisors bought a new position in Paysafe during the fourth quarter worth $116,000. FourThought Financial Partners LLC acquired a new stake in shares of Paysafe during the 4th quarter worth about $111,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Paysafe by 33.3% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,488 shares of the company’s stock valued at $187,000 after buying an additional 5,867 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Paysafe in the 4th quarter valued at about $83,000. Finally, Directional Asset Management acquired a new stake in Paysafe during the fourth quarter worth approximately $93,000. 54.39% of the stock is 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.