Gabelli Funds LLC Sells 125,394 Shares of Paysafe Limited $PSFE

Gabelli Funds LLC decreased its position in shares of Paysafe Limited (NYSE:PSFE) by 47.5% in the 4th quarter, Holdings Channel reports. The fund owned 138,330 shares of the company’s stock after selling 125,394 shares during the quarter. Gabelli Funds LLC’s holdings in Paysafe were worth $1,119,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in PSFE. Geode Capital Management LLC boosted its stake in Paysafe by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 399,449 shares of the company’s stock worth $5,041,000 after purchasing an additional 7,155 shares during the period. Quantbot Technologies LP bought a new position in Paysafe in the 2nd quarter worth about $106,000. Arrowstreet Capital Limited Partnership boosted its stake in Paysafe by 10.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 393,291 shares of the company’s stock worth $4,963,000 after purchasing an additional 36,994 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Paysafe by 24.2% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 44,872 shares of the company’s stock worth $566,000 after purchasing an additional 8,729 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in Paysafe by 18.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 182,237 shares of the company’s stock worth $2,300,000 after purchasing an additional 28,812 shares during the period. Institutional investors own 54.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PSFE. Susquehanna restated a “neutral” rating and issued a $10.00 target price (up from $9.00) on shares of Paysafe in a research note 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. UBS Group restated a “sell” rating and issued a $7.50 target price (up from $6.75) on shares of Paysafe in a research note on Thursday, May 14th. Zacks Research downgraded Paysafe from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen downgraded Paysafe from a “buy” rating to a “hold” rating in a research note on Sunday, April 19th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Paysafe currently has an average rating of “Reduce” and a consensus price target of $10.13.

Paysafe Stock Performance

Shares of PSFE opened at $7.48 on Friday. The company has a market cap of $386.54 million, a PE ratio of -2.12, a price-to-earnings-growth ratio of 0.25 and a beta of 1.82. 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 stock has a 50-day moving average price of $7.83 and a 200-day moving average price of $7.71. Paysafe Limited has a 12-month low of $5.95 and a 12-month high of $15.02.

Paysafe (NYSE:PSFE) last issued its quarterly 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 the consensus estimate of $424.41 million. Paysafe had a positive return on equity of 11.32% and a negative net margin of 11.44%. As a group, equities analysts forecast that Paysafe Limited will post 1.6 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Richard Swales sold 10,000 shares of Paysafe stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $7.69, for a total transaction of $76,900.00. Following the completion of the sale, the insider owned 44,456 shares in the company, valued at approximately $341,866.64. This trade represents a 18.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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.